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Minister of Justice submits draft new wordings of laws

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The Minister of Justice Kh.Temuujin MP Monday submitted to the Speaker Z.Enkhbold draft new wordings of the laws on pledge of movable properties and non-material capitals and on state registration of legal subjects.

The first bill aims to create a legal environment for putting movable and non-material properties into the economic circulation by pledging them, “which would accelerate the national economic growth and augment investment and credit financing”. All kinds of stocks, shares, designs of products, trademarks, all  creative works of sciences, arts and movable properties can be items to pledge, Mr Temuujin said.

The second new wording makes clear a legal basis for introducing an online system of E-registration network, and let people obtain information and make registration through online, “which eliminates many obstacles in sharing information about the registration”, says the Minister.

 

SOURCE: Montsame




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