Region: Mongolia
Russian gold investor fails to revive Mongolia claim
A Dutch appeal court has upheld an UNCITRAL tribunal’s finding that a Russian businessman waited too long to bring a damages claim against Mongolia after the state was found in breach of an investment treaty.
29 March 2023
Boris Johnson’s brother threatens claim against Mongolia
The half-brother of UK prime minister Boris Johnson has warned he may bring a US$50 million investment treaty claim against Mongolia for denial of justice over its failure to pursue a fraud prosecution against his local business partner.
03 August 2022
Chinese state entities lose appeal over Mongolia claim
A US appeals court has rejected three Chinese state-owned entities’ second attempt to revive an investment treaty claim against Mongolia over an iron ore deposit.
26 August 2021
Rio Tinto settles feud over funding of Mongolian project
Canadian miner Turquoise Hill Resources has settled an arbitration with its majority shareholder Rio Tinto concerning US$2.3 billion in funding for a troubled copper and gold project in Mongolia, while an investor-state claim over tax measures continues.
12 April 2021
Award holder jailed in Mongolia
The chairman of a gold mining company which last year won an HKIAC award against members of one of Mongolia’s most prominent families has been imprisoned in the country after being convicted of fraud.
26 September 2017
Mongolia prevails on narrow reading of Chinese treaty
A tribunal at the Permanent Court of Arbitration has thrown out a claim by three Chinese state-owned enterprises against Mongolia, marking the first time a state has prevailed on a “narrow” reading of an expropriation clause common to around 70 bilateral investment treaties signed by China.
07 July 2017