According to Article 116 of the Law on theEnforcement of Court Judgment, regulations forenforcing judgments of foreign courts, internationalcourts, and arbitration awards in the territory ofMongolia...
Arbitration is a consensual mechanism to resolve disputes by one or more private decision makers (arbitrators) selected by the parties pursuant to a mechanism agreed by them in an adjudicatory procedure...
Mediation a method of alternative dispute resolution parties to any agreement should consider, aside from arbitration. Mediation is essentially a negotiation facilitated by a neutral third party.