Cabinet forms a council to protect investors’ rights

Wednesday's Cabinet meeting

During its regular meeting held on Wednesday, Cabinet members decided to create a council in charge of protecting the interests and rights of investors, which will operate under the Cabinet Secretariat.

In recent years, Mongolia has been involved in a number of international arbitration cases to resolve disputes with investors. According to a study conducted by World Bank, countries spend around 3.5 years to resolve disputes and spend around three million USD in administrative costs regardless of the court’s decision.

The Cabinet reported that the council will work to create pleasant legal conditions for cooperation with investors, prevent potential risk for investors, and help to immediately resolve disputes domestically


Please enter your comment!
Please enter your name here