Parliament has just issued a list of draft laws to be considered during the fall session in 2017. This list includes drafts in relation to State Budget 2017 and number of completely new proposed laws. There are also several proposed amendments to existing laws that look to be very interesting going forward.
The following are the newly initiated draft laws:
- Amendments to Constitutional law
- Law on National System of Payment
- Law on Development of the Ger District
- Law on Investigating and Resolving Infringements
- Casino law
- Law on Mongolian Foreign Relations
- Law on Safety of Information
- Law on Encouraging Development of Youth
- Law on Food Supplements for Infants and Toddlers
- Law on Health of Livestock and Animals
- Law on Resource of Livestock Genetics
- Law on Enriched Food
- Law on Responsibility of Elected or Appointed State High Officials
- Law on Protecting Critic’s Rights
The Mongolian Lawyers at LehmanLaw Mongolia are particularly interested in the proposed Law on National System of Payment. There is huge potential for reform and modernization in this area and we are excited and looking forward to significant changes under a new law.
We expect the proposed Law on Investigating and Resolving Infringements to be very interesting to foreign businesses seeking greater protection for Intellectual Property rights in Mongolia, including Copyright, Trademarks and Patents. We hope the new law will provide a clear system for enforcement of protected intellectual property rights in Mongolia.
Two proposed laws appear to target Mongolia’s growing agricultural sector. Mongolia is ripe for increased foreign investment in the agricultural sector and an improved legal framework in this area will be sure to increase interest. We will monitor related developments
It also looks like there will be a proposed law regarding establishing norms of official behavior, which appears to be an effort to increase anti-corruption measures among government officials; a very positive development which we will explore more fully as details are available.