New Foreign Investment Law passed

The ‘Strategic Entities Foreign Investment Law’ (SEFIL) / ‘Business Entities Operating in Sectors of Strategic Importance’ is passed. This law limits foreign investment and ownership in sectors like mining to 49%, and is perceived by the mining sector as resource nationalism[1].

[1] http://www.reuters.com/article/mongolia-investment/corrected-mongolia-exempts-private-firms-from-foreign-investor-law-idUSL3N0D6SUQ20130419 retrieved 7 September 2018