Series 2: Key Considerations When Establishing a Foreign-Invested Company — Nominee Director
International business practice has a concept for this — the "nominee director." Mongolian law doesn't specifically address it, though, and nothing requires a company's executive
Late Fees, Penalties, or Interest: Which is the Right Choice for Overdue Payment Obligations?
Although the concepts of late fees, penalties, and interest are commonly used interchangeably in connection with overdue payments, they serve distinct legal rules
The importance of legal due diligence (DDR) prior to acquisition
Legal Due Diligence (Legal Due Diligence Review or DDR) is a comprehensive legal audit and analysis conducted by legal counsel prior to executing a transaction
Statutory Timeframes and Procedures for Filing Complaints Against Tax Assessments
A brief overview of the timeframes and procedures for filing a complaint against a tax audit assessment act, as stipulated in the General Taxation Law of Mongolia.
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