Mongolian Strategic Foreign Investment Law — update
We wish to update our clients on the implementing regulations on the Law of Mongolia on the Regulation of Foreign Investment in Business Entities Operating in Sectors of Strategic Importance enacted 17 May 2012 (the SFI Law). As previously advised, on 2 March 2013, the Government of Mongolia adopted a resolution (resolution #75/2013) in respect of regulations regarding receiving and determining applications for approval submitted by business entities operating in sectors of strategic importance (the SFI Regulations). The SFI Regulations were formally published on the website of Foreign Investment Regulation and Registration Department of the Ministry of Economic Development (FIRRD, formerly known as FIFTA). The SFI Regulations are intended to augment the provisions of the SFI Law.
Hogan Lovells previously circulated a newsflash based on the presumed final version of the SFI Regulations. The official and conformed version of the SFI Regulations published on FIRRD’s website differs from final version in some respects. We have prepared a translation of the published version of the SFI Regulations which we include with this update…
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