In 2017, Mongolia enacted the Law on Tangible and Intangible Movable Property Pledge. Registration rules were changed, and parties must file a “security notice” with the State Registration Office, which will be available online (it seems to not have been set up yet). Before this law, the Mongolian Civil Code governed secured transactions law, and this resulted in only immovable property being used as security interests, since there was little clarity on the legal status of other types of security interests. Under the new law, movable and intangible property may be used as security interests, even if it is not yet available.

Click here for an English Translation of the Law (PDF)

Further Reading

Last Checked August 2020

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