International conference on arbitration held

Ulaanbaatar /MONTSAME/ An international conference on arbitration was co-organized by the Ministry of Justice, the U.S. Agency for International Development (USAID) and Mongolia’s International and National Arbitration Center (MINAC) on March 27-28. The conference brought together Kh.Temuujin, the Minister of Justice, representatives, lawyers, advocates and judges from the Mongolian National Chamber of Commerce and Industry (MNCCI), USAID and US Commercial Chamber in Mongolia. The gathered emphasized that the arbitration can be developed intensively in a short time because it does not need much money. They also introduced to each other the latest and the best international regional experiences, and expressed a intention to draw up a recommendation on realizing an arbitration reform. Mongolian parliament passed the arbitration law in 2003, only 45 cases have been tackled by this law since then.