About us

MONGOLIAN INTERNATIONAL ARBITRATION CENTER

Mongolian International Arbitration Center /MIAC/ under the MNICC has been operating since 1960 and is an internationally recognized permanent arbitration in Mongolia. The arbitration has branches in 21 provinces of Mongolia, is a member of the Asia-Pacific Arbitration Association, and cooperates with more than 20 international arbitral institutions. The arbitration consists of 51 national and 11 foreign (Russia, China, Germany, Japan, Hong Kong, Poland), a total of 62, specialists in law, economics, finance, and mining.

In addition to settling disputes arising from contracts and business transactions through arbitration, MIAC carries out activities including promotion and development of arbitral activities in Mongolia, organization of trainings and research, representation of MIAC in Mongolia and abroad, providing legal advice, publishing books and journals relevant to the arbitration procedure.

The features and advantages of settling disputes through arbitration are that it is quick in terms of duration, the decision is final, and it is recognized and enforced in over 170 countries around the world, low cost, possibility to choose the arbitrators, the procedure for hearing the case including the seat of the arbitration, the language and the applicable law, time, inquiries and evidence from the parties and authorities, involvement of witnesses, experts, translators, asset freezing, and confidentiality of arbitration proceedings.

WHAT ARE THE ADVANTAGES

OF THE ABITRATION CENTER?

URGENCY

ARBITRATION - the arbitration award will be final and does not belong to the appeal.
COURT - the proceedings shall consist with 3 instances, as well as given to the first instance court for reconsideration, which means the process would take plenty of time.

FRUGALITY

ARBITRATION - the absence of multiple instances saves your costs.
COURT - the parties are required to pay the costs of the Court at each instance

COMPULSORY EXECUTION OF THE ARBITRATION AWARD

ARBITRATION - as Mongolia is a member of the 1958 Convention on the recognition and enforcement of foreign arbitral awards, the decisions of the Mongolian International Arbitration Center are legally binding.

DISPUTES WILL BE HANDLED BY HIGHLY QUALIFIED

ARBITRATION - highly qualified in their field (banking, economic, construction, etc.) domestic and foreign arbitrators will examine the disputes, as the Parties themselves choose/appoint arbitrators from among competent and experienced professionals.
COURT - despite the scope of specialization, judges will be appointed on a circular basis.

POSSIBILITY TO CHOOSE AN ARBITRATOR

ARBITRATION - each of the Parties are provided with the possibility to choose an independent and impartial arbitrator to regulate the dispute.

POSSIBILITY TO AGREE ON THE REGULATION OF THE ARBITRATION PROCESS

Possibility to agree on the regulation of the arbitration process.
ARBITRATION - the Parties have the opportunity to determine the competence and procedure for the consideration of the dispute, large-scale opportunities to apply the principle of fairness, confidentiality and speed of dispute resolution. Court-court procedures are carried out according to strictly specified order on the basis of procedural codes.

CONFIDENTIALITY

ARBITRATION - the arbitral hearing is the closed-door hearing, which helps to preserve the image and business reputation of the parties in the eyes of other participants in international economic cooperation.
COURT - court hearings are not held confidentially, and the decision of the court is published on a special website accessible to all.

ADVANTAGES OF OUR

ARBITRATION CENTER

If the Parties are considered that it’s necessary to resolve the dispute by an expedited procedure, or the price of the claim does not exceed over5 million tugriks/T/an expedited arbitration procedure shall be applied.
On 26th of January, 2017, the Parliament of Mongolia has adopted a new arbitration law based on the latest UNCITRAL Model Law.
Our arbitrators are qualified domestic and international /USA, Russian Federation, United Kingdom, Australia, Singapore, Hong Kong, Japan, China, European Union/experts in the field of law, economics, finance, business, construction etc.
The structure and activities are independent from the Mongolian National Chamber of Commerce and Industry and its members.

STAFF