Mongolia has been recognized as a country enacted the UNCITRAL Model Law on International Commercial Arbitration
February 17, 2017. Ulaanbaatar city. Following the enactment of the revised Law of Mongolia on Arbitration by the Parliament of Mongolia on January 26, 2017, Mongolia was recognized as a country that based its legislation on the UNCITRAL Model Law on International Commercial Arbitration (1985), with amendments as adopted in 2006. The choice of Mongolian law and arbitration in international disputes is expected to be promoted as a result of being recognized as a Model Law jurisdiction.
Please visit the link below for the full list of countries enacted the UNCITRAL Model Law: http://www.uncitral.org/uncitral/en/uncitral_texts/arbitration/1985Model_arbitration_status.html
MDSKhanLex LLP is a limited liability partnership, incorporated in accordance with Law on legal status of lawyers and is authorized to conduct lawyers’ professional activity per Mongolian law issues.
This publication does not necessary cover core or important issue of the topic and it is prepared only with intention to provide general information to our clients and/or other interested persons. This publication does not constitute legal advice under professional activity of lawyers.