Legislative Update: Last Day of the Mongolian Parliament's Autumn Session
23 March 2015Mongolia alerts
On 18 February 2015, the last day of its autumn session, the Parliament of Mongolia ("Parliament") adopted a number of new laws and important amendments to existing laws that will affect the investment framework and the Mongolian economy in general.
In particular, two pieces of important legislation in relation to the minerals sector, namely the laws amending the Minerals Law and the Law on Implementing the Law on the Prohibition of Exploration and Mining in Headwaters of Rivers, Protected Water Basins Zones and Forested Areas, also known as the "Law with the Long Name" ("Implementation Law") were adopted on this day.
The official versions of the new laws and resolutions are now publicly available, and we set out below a summary of those amendments which we consider most relevant.