BACKGROUND
MONGOLIA ADOPTED ITSFIRST DEMOCRATIC CONSTITUTION
IN1992, TRANSITIONING TOA MARKET ECONOMY SYSTEM.
Under Article 5 of the Constitution, it is stated that
"Mongolia shall have an economy based on different forms of
property consistent with universal trends of world economic
development and its own country's specifics.", "The
State recognizes all forms of public and private property and shall
protect the owners' rights by law.", and "The State
shall regulate the economy to ensure the nation's economic
security, the development of all forms of property, and the social
development of the population.", respectively.
Within the above framework, the Competition Legislation was
enacted in 1993 as an independent legal institute aimed at
regulating competition, promoting fair practices, and protecting
market participants from unfair competition1. These
include the Law on Prohibition of Unfair Competition, the 2000 Law
on Prohibition of Unfair Competition, and
