Summary

Petitioners Beijing Shougang Mining Investment Company Ltd., China Heilongjiang International Economic & Technical Cooperative Corp., and Qinhuangdaoshi Qinlong International Industrial Co. Ltd. (collectively, "Petitioners") respectfully petition this Court for an order: (1) vacating an arbitral award rendered by an ad hoc tribunal (the "Tribunal") on June 30, 2017 (the "Award"), which, among other things, declined to exercise jurisdiction over the Petitioners' claims that Mongolia had expropriated their investments without compensation in violation of the bilateral investment treaty (the "BIT" or the "Treaty") between Mongolia and the People's Republic of China ("PRC"); and (2) directing the parties to submit to arbitration Petitioners' claims under the BIT.