|Help

Mongolia - Chapter 10 - International Commercial Arbitration in Asia - 3rd Edition

Author(s): 
Ingram Weber
Undarmaa Ganbaatar
Page Count: 
26 pages
Published: 
February, 2013
Jurisdictions: 
Mongolia
Practice Areas: 
Arbitrability,
Agreement to Arbitrate,
Challenge of Arbitrators,
Languages,
Choice of Forum/ Place of Proceedings,
Confidentiality,
Arbitral Awards,
Amendments and Rectification,
Interim Measures of Protection,
Costs and Damages,
Investment Disputes,
National Institutions and Rules,
Other
Author Detail: 

Ingram Weber is an Associate in the Tokyo office of Sullivan & Cromwell

Undarmaa Ganbaatar is an officer with the Mongolian National Arbitration Center at the Mongolian Chamber of Commerce and Industry, Ulaanbaatar.

PDF741.2 KB

$40.00
Description: 

Originally from: International Commercial Arbitration in Asia - 3rd Edition

I. INTRODUCTION

A. General Patterns

Prior to the collapse of the Soviet Union, Mongolia was a socialist state. In 1990, Mongolia began the transition to a free market economy and initiated a series of wide-ranging reforms to its political and legal system. These reforms included the development of the country’s arbitration regime.

Today, Mongolia has a single arbitration institution called the Mongolian National Arbitration Center (MNAC). This is a nongovernmental, non-profit organization established under the Mongolian National Chamber of Commerce and Industry. The prevalence of arbitration in Mongolia remains small, but is expected to grow as the country develops its vast mineral wealth. From 2004 to 2008, the total value of claims resolved through MNAC remained below $6 million.1 In 2009 and 2010, this figure jumped to $44 million and then to $103 million, largely because of disputes over arbitration agreements involving mining companies.

Table of Contents: 

Chapter 10

Arbitration in Mongolia
I. Introduction 
A. General Patterns 
B. Historical Development of Mongolia’s Arbitration Framework 
II. The Legal Framework for International Arbitration 
A. Key Applicable Law 
B. The Role of Courts 
C. Form and Scope of Arbitration Agreements 
1. Form of Arbitration Agreement 
2. Scope of Arbitration Agreement 
D. Arbitrability of Claims 
E. Selection of and Challenge to Arbitrators 
1. Qualifications 
2. Appointment of Arbitrators 
3. Challenge of Arbitrators 
4. Removal of Arbitrators 
F. Place and Language of Arbitration 
G. Conduct of Proceedings 
1. Determining Rules of Procedure 
2. Rules Applicable to the Substance of the Dispute 
3. Statements of Claim and Defense 
4. Assistance and Confidentiality 
H. Issuance and Correction of the Arbitral Award 
1. Issuance of the Arbitral Award 
2. Correction of the Arbitral Award 
I. Interim Measures of Protection 
J. Pleas as to the Jurisdiction of the Arbitral Tribunal 
K. Costs of Arbitration 
L. Investment Arbitration 
III. Arbitration Practice in Mongolia 
A. Arbitration Institutions 
B. Ad Hoc Arbitration 
IV. Enforcement of Arbitral Awards 
A. Enforcement and Setting Aside of Domestic Awards 
1. Enforcement of Domestic Awards 
2. Setting Aside of Arbitral Awards 
B. Enforcement of Foreign Arbitral Awards 
V. Conclusion