“…authority to do so as the state’s cabinet. The same approach was taken as regards the Minister of Justice of Mongolia in the Hong Kong and South China Ltd case [2004] 2 Lloyd’s Rep 198, paras 123-126 at [125] – [126].”…”
“…Reliance on Marubeni Hong Kong and South China Ltd v Government of Mongolia [2004] EWHC 472 (Comm); [2004] 2 Lloyd’s Rep 198 (Marubeni) is misplaced. The relevant issue in that case was whether the Minister of Finance of Mongolia had authority to issue a guarantee of a Mongolian comp…”