Implementation of the MIPP Law is a positive step for Mongolia and for domestic and international lenders. Pledges over these movable and intangible properties were possible previously, but the law did not effectively address issues such as identification of collateral, perfection and registration. LehmanLaw Mongolia’s Legal Brief reviews the main innovations in the law and summarizes the benefits for those which may hold a pledge over such properties in Mongolia.

Law on Movable and Intangible Property Pledges