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Developing Mongolia's Legal Framework: A Needs Analysis : The Legal Profession
The NotariesNotaries have been used in Mongolia for some time. Unlike the laws that apply to prosecutors and advocates, the Law on Notaries has not been substantively changed since the transition to a market economy began although a draft law is in preparation. There is a feeling among notaries that a new law would help to clarify their role. Notaries generally form part of the local aimag administrations with one notary per aimag, and their offices are financed and their salaries paid out of the aimag budget. There are also at least five independent notaries in Ulaanbaatar. Notaries are used to authenticate documents. They are not involved in drafting or in advising the parties of a documentūs contents, but simply in checking that documents are in order and signing or stamping them. The types of transaction for which notarisation is required are bank loans and agreements for the sale and purchase of items such as livestock. With the emergence of a leasehold market and the anticipated privatisation of housing, it is expected that notaries' responsibilities will increase. The work of the notaries has changed considerably in the last few years and it is not always clear to them how they are expected to do their work under the new system. Neither are there any modern texts to be used as a reference. The volume of work has also increased dramatically, although there does not seem to be an immediate need for more than the approximately 25 notaries now working in Mongolia.
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