Features and legal regulation of enforcement of foreign judgment and foreign arbitral awards
According to Article 116 of the Law on the Enforcement of Court Judgment, regulations for enforcing judgments of foreign courts, international courts, and arbitration awards in the territory of Mongolia shall be determined under this Law and international treaty in which Mongolia is Party to, and according to article 6.2 of this law, civil judgment enforcement operations shall be conducted on the basis of the decision of foreign courts, international courts or arbitration awards if stipulated in the international agreements of Mongolia.
Recognition and enforcement of arbitral awards and foreign judgment
Parties to civil judgment execution:
The debtor and creditor shall be referred collectively to as the Parties of the judgment enforcement process. The creditor is a private citizen or a legal entity whose legal rights are deemed violated and therefore included in execution documents for restoration and protection of those violated rights.