Mongolian Investment Regulation and Arbitration

Ninjin Bataa
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Abstract

The author of the study presents the Mongolian legal environment regulating foreign direct investment. The evolution of the rules governing this field is presented in a chronological order from the democratization of Mongolia in the early 1990s to the present day. The author remarks the changes in the rules over time, which show an evolution towards a more level playing field between foreign investors, who were initially in a privileged position when compared to domestic investors. Other changes concern the authorization requirements for foreign investments, which evolved in order to hinder the activity of foreign state-owned enterprises in Mongolia and also to safeguard Mongolian mineral wealth. Investor protection mechanisms are emphasized, such as state commitments to not modifying the taxation environment. The study analyses international arbitration case-law pertaining to foreign investment protection in Mongolia.
蒙古投资监管与仲裁
本文介绍了蒙古国规制外商直接投资的法律环境。管理这一领域的规则的演变是按照时间顺序呈现的,从20世纪90年代初蒙古的民主化到现在。作者指出,随着时间的推移,规则发生了变化,这表明外国投资者之间的竞争环境朝着更公平的方向发展,与国内投资者相比,外国投资者最初处于特权地位。其他变化涉及外国投资的授权要求,其演变是为了阻碍外国国有企业在蒙古的活动,也是为了保护蒙古的矿产财富。强调投资者保护机制,例如国家承诺不改变税收环境。本研究分析了与蒙古外商投资保护有关的国际仲裁判例法。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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