On December 7, Mongolian Copper Corporation (MCC) won in the Supreme Court for its civil case concerning ownership of Erdenet Mining Corporation (EMC).
Parliament voted against MCC's ownership of 49 percent of EMC on February 10, 2017. The government then registered 100 percent state-ownership of MCC with the General Agency for Intellectual Property and State Registration and selected state-appointed board members.
MCC filed a complaint against the government, saying that its actions were illegal. They won two cases against the state prior to the Supreme Court's ruling on Thursday. The Supreme Court ruled that the state's registration of 100 percent EMC ownership and selecting state officials as board members was illegal.
On December 7, Mongolian Copper Corporation (MCC) won in the Supreme Court for its civil case concerning ownership of Erdenet Mining Corporation (EMC).
Parliament voted against MCC's ownership of 49 percent of EMC on February 10, 2017. The government then registered 100 percent state-ownership of MCC with the General Agency for Intellectual Property and State Registration and selected state-appointed board members.
MCC filed a complaint against the government, saying that its actions were illegal. They won two cases against the state prior to the Supreme Court's ruling on Thursday. The Supreme Court ruled that the state's registration of 100 percent EMC ownership and selecting state officials as board members was illegal.