Conventus Law / Hogan Lovells: Mongolian Strategic Foreign Investment Law

On 17 May 2012 the Parliament of Mongolia enacted the Law of Mongolia on the Regulation of Foreign Investment in Business Entities Operating in Sectors of Strategic Importance (the “Strategic Foreign Investment Law” or the “SFI Law”). The SFI Law was formally published in the State Gazette (“Төрийн мэдээлэл”) Issue 23 on Tuesday, 19 June 2012. The official version of the SFI Law published on 19 June is identical to the final version in all material respects. Please click here for a translation of the published version of the SFI Law. The Ministry of Foreign Affairs and Trade has published its own translation of the SFI Law, together with an introductory note. In that note, the Ministry explained the rationale behind the SFI Law and underscored that it was considered to be a “Golden Middle” between protecting national security interests of the state of Mongolia and encouraging foreign investment. Further, the Ministry indicated that the Government would create rules and procedures to support the SFI Law that are not unnecessarily costly or bureaucratic. To read the full article, click hereMongolian Strategic Foreign Investment Law

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.