Competition law of mongolia

How are laws made in Mongolia?
Law is enacted solely by the State Great Hural (Parliament) pursuant to its constitutional authority, by prescribed means and such that it becomes the law governing conduct within its scope.
Only members of the State Great Hural, the Government, and the President of Mongolia may initiate a draft of a law..
Is Mongolia a common law country?
Mongolia has adopted a hybrid Civil Law-Common Law system of jurisprudence.
Trial judges may use prior rulings to adjudicate cases similar to those that have come before them but are not obliged to respect legal precedent as such..
What is the Authority for Fair competition and Consumer Protection of Mongolia?
AFCCP enforces Competition Law, Consumer Protection Law and Advertisement Law.
To be reputable organization by earning the trust of the business organizations and the consumers with the support of Government and high skilled and dedicated civil servants..
What is the competition law in Mongolia?
Mongolia adopted its first competition law (the Law of Mongolia on Prohibiting Unfair Competition) in 1993.
It precluded the government from restricting economic competition, prohibited monopolies and other restraints on fair competition and established guidelines for government intervention in markets..
What is the legal system in Mongolia?
In Mongolia, judges are supposed to only apply law, not create it.
The court system in Mongolia is based on the continental legal system as practiced in Russia and Germany.
It is not a common law system and therefore decisions issued by the various courts do not have precedential value (no stare decisis)..
According to the new law, main punishment types for infringements are “to fine” and “to deprive or restrict a right.” The former potential punishment of arrest for 7-30 days is removed.
Fines range from 10 to 10,000 units for individuals and from 100 to 50,000 units for legal entities (a unit equals 2000 tugrugs).
AFCCP enforces Competition Law, Consumer Protection Law and Advertisement Law.
To be reputable organization by earning the trust of the business organizations and the consumers with the support of Government and high skilled and dedicated civil servants.

'The purpose of the Law is to prohibit and restrict state control over the competition of economic entities in the market, regulate monopoly and other activities impeding fair competition'.

Mongolia adopted its first competition law (the Law of Mongolia on Prohibiting Unfair Competition) in 1993. It precluded the government from restricting economic competition, prohibited monopolies and other restraints on fair competition and established guidelines for government intervention in markets.

The Mongolian competition legislation includes a set of laws among which the Law on Competition is the most important. It comprises five chapters with 28.

Subspecies of onager

The Mongolian wild ass, also known as Mongolian khulan, is the nominate subspecies of the onager.
It is found in southern Mongolia and northern China.
It was previously found in eastern Kazakhstan and southern Siberia before being extirpated there through hunting.
As of 2015, the Mongolian wild ass is listed as Near Threatened by the IUCN.
Current population estimates are approximately 42,000 individuals in Mongolia and around 5,000 individuals in Northern China.

The National Police Agency is an agency that is part of the Government of Mongolia and acts as a reserve force for the Armed Forces of Mongolia.
It is currently an agency of the Mongolian Ministry of Justice and Home Affairs and is the primary law enforcement organization in Mongolia.
The Police is assisted by the Directorate of the Internal Troops of Mongolia.

Competition law of mongolia

How are laws made in Mongolia?

Is Mongolia a common law country?

What is the Authority for Fair competition and Consumer Protection of Mongolia?

What is the competition law in Mongolia?

What is the legal system in Mongolia?

National Police Agency (Mongolia)