Last updated: April 23, 2026.

These terms govern your use of aelia.mn and any content published on it. By accessing the site, you agree to these terms. If you do not agree, please do not use the site.

About this website

This website is published by Aelia LLC, a limited liability company registered in Mongolia and headquartered in Ulaanbaatar. It is intended to provide general information about the firm, its people, and its practice areas.

Nothing on this site is an offer or solicitation to buy or sell any security, product, or service, or to enter into any transaction or advisory relationship, in any jurisdiction where such an offer or solicitation would be unlawful or where we are not authorised or registered. Access to any of our services is subject to a separate written engagement letter or fund documentation, as applicable.

Not investment, legal, or tax advice

Content on this website — including material published under Insights— is provided for informational and educational purposes only. It does not take into account the particular objectives, financial situation, or needs of any specific person. It is not personalised investment advice, a recommendation to enter into any transaction, or an invitation to rely on any view expressed.

Nothing on the site is legal, tax, accounting, or regulatory advice. You should consult your own advisers before making any investment, legal, or other decision.

Risk disclosures

All investment involves risk, including the risk of loss of the entire amount invested. Investments in global or alternative markets involve additional risks — including those related to liquidity, leverage, counterparties, currency, and jurisdiction.

Where performance figures are shown, they are historical and represent past results. Past performance is not a reliable indicator, and is no guarantee, of future results. Hypothetical, simulated, or back-tested results have inherent limitations: they do not reflect actual trading, cannot fully account for the impact of financial risk in actual trading, and are prepared with the benefit of hindsight.

Forward-looking statements

The site may contain forward-looking statements — views, expectations, estimates, or projections about markets, strategies, or the firm. These reflect our views as of the date of publication and are subject to known and unknown risks and uncertainties. Actual outcomes may differ materially, and we are under no obligation to update any forward-looking statement.

Permitted use

You may view, download, and print pages of the site for your own personal, non-commercial reference, provided you do not modify the content or remove any copyright or other notices. You agree not to:

• use the site or its content for any unlawful purpose or in a way that infringes our rights or the rights of others;
• copy, scrape, republish, or redistribute substantial portions of the site in a commercial context without our prior written consent;
• interfere with the operation, security, or integrity of the site, including by introducing malicious code or attempting to access accounts, systems, or data you are not authorised to access; or
• use automated means to access the site at a volume or rate that could impair its operation.

Intellectual property

The site and its content — including text, images, layout, and trademarks — are owned by Aelia LLC or its licensors and are protected by copyright, trademark, and other intellectual-property laws. “Aelia” and related marks are trademarks of Aelia LLC. No licence to use any mark or content is granted except as expressly stated.

Third-party links and content

The site may link to third-party websites or contain material sourced from third parties. Those sites and materials are not under our control, and we do not endorse them or take responsibility for their content, accuracy, or practices. Accessing third-party sites is at your own risk and subject to their own terms and privacy policies.

No warranties

The site and its content are provided “as is” and “as available”. To the fullest extent permitted by law, Aelia disclaims all warranties, express or implied — including any warranty of accuracy, completeness, non-infringement, merchantability, or fitness for a particular purpose. We do not warrant that the site will be available, uninterrupted, or free of errors, viruses, or other harmful components.

Limitation of liability

To the fullest extent permitted by applicable law, Aelia and its directors, officers, employees, and affiliates will not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits, revenues, data, or business, arising out of or in connection with your access to or use of the site — even if we have been advised of the possibility of such damages. Nothing in these terms limits any liability that cannot be excluded under applicable law.

Privacy

Your use of the site is also governed by our Privacy Notice, which describes how we collect and handle personal information.

Governing law and jurisdiction

These terms are governed by the laws of Mongolia, without regard to conflict-of-laws principles. Any dispute arising out of or relating to these terms or the site will be submitted to the exclusive jurisdiction of the competent courts of Ulaanbaatar, Mongolia, unless applicable law provides otherwise.

Changes

We may update these terms from time to time. The “last updated” date at the top reflects the most recent revision. Material changes will be communicated through the site, and your continued use of the site after changes take effect constitutes acceptance of the revised terms.

Contact

Questions about these terms can be directed to contact@aelia.mn, or by post to Aelia LLC, Ulaanbaatar, Mongolia.