April 20, 2012
After more than six years of consideration, the Mongolian Parliament is expected to adopt a new securities markets law later this year to replace the existing law, which will be a major step in Mongolia’s recent efforts to bring its capital markets up to world-class standards. The need for a new law is driven primarily by the rapid development of the Mongolian economy over the past few years and the desire to capture a larger share of the benefits of that development domestically, which is predicated on a strong and robust legal and regulatory regime that gives comfort to investors as being on par with more developed jurisdictions.
John Viverito and Myles Hankin of Gibson Dunn are co-authors of the attached article, “Mongolia Upgrades Its Capital Markets,” which discusses the key improvements and other anticipated benefits included in the draft of the new law.
Reprinted with permission from The Deal Pipeline, April 11, 2012. © 2012, The Deal, LLC.