RE: The very real realities of Mongolia.28 Sep 2023 12:00
Magnai Trade Co. Ltd. sued for 2.5 billion MNT, claiming that it was damaged due to the failure to conduct drilling in the area of Choibalsan Sum.
In 2010, the company signed an agreement to share oil products in an area called Bayantumen 17, which covers 7 sums of our province.
In 2019, the governor of the province issued an order to vacate the land, considering that the company used the land without permission and placed a drilling tower, a large number of containers and equipment.
In accordance with the law, the dispute was reviewed by the court of first instance of the defendant's jurisdiction, the Eastern province, and the decision of the provincial governor was justified. The plaintiff filed an appeal and the dispute continued for 3-4 years.
Also, in the past, the land of the fuel distribution station, which was located on the main road after the Iveel quarter owned by the company, was also released, which was a decision for the public interest.