Articles
30
Nov
2019
The Impact of the 2019 Construction Law on Property Development in Cambodia (VDB Loi Insights)
  INSIGHTS THIS MONTH NOVEMBER 2019   Highlight of This Month / In This Issue / Recent VDB Loi Work / Recent Publications HIGHLIGHT OF THIS MONTH The Impact of the 2019 Construction Law on Property Development in Cambodia by VDB Loi Cambodia Office In the wake of the tragic and fatal building collapse in […]
30
Nov
2019
Myanmar reduces Stamp Duty penalties
Stamp Duty (“SD”) is applicable on all chargeable instruments unless explicitly exempted under Schedule 1 of the Myanmar Stamp Act 1899 (“MSA”). Chargeable instruments mean documents that create, transfer, extinguish, or record rights or obligations and upon which governmental charges are collected in order to give legal effect thereto. Some commonly used chargeable instruments include […]
31
Oct
2019
Can you sue a dissolved company?
When a company has dissolved, it essentially means that the company has ceased to exist, and thus cannot sue or be sued. The question then becomes, how can a party pursue a claim against a dissolved company? Highlights of this note How can a party pursue a claim against a dissolved company? How to restore […]
31
Oct
2019
Can you sue a dissolved company? (VDB Loi Insights)
  INSIGHTS THIS MONTH OCTOBER 2019   Highlight of This Month / In This Issue / Recent VDB Loi Work / Recent Publications HIGHLIGHT OF THIS MONTH Can you sue a dissolved company? From our Disputes Team – Myanmar Office When a company is dissolved, it essentially means that a company has ceased to exist […]
31
Oct
2019
When does an overseas corporation have to register a commercial presence in Myanmar?
Under section 43 of the Myanmar Companies Law 2017 (“MCL”), an overseas corporation is not allowed to ‘carry on business’ in Myanmar unless it has registered its commercial presence with the Directorate of Investment & Company Administration (“DICA”). The central concept of ‘carrying on business in Myanmar’ has, unfortunately, not been defined in the MCL. […]
30
Sep
2019
Myanmar Arbitration Update (VDB Loi Insights)
  INSIGHTS THIS MONTH SEPTEMBER 2019   Highlight of This Month / In This Issue / Recent VDB Loi Work / New Myanmar Laws and Regualtions / Recent Publications HIGHLIGHT OF THIS MONTH Myanmar Arbitration Update From our Disputes Team – Myanmar Office On 26 September 2019, VDB Loi held a successful live webinar event […]
30
Sep
2019
Union Tax Law 2019: Everything you need to know about amnesty, exemptions and significant changes
The Union Taw Law (“UTL”) 2019 was enacted on 24 September 2019 by the Union Parliament (the Pyidaungsu Hluttaw) and will be applicable for the Financial Year (“FY”) 2019-2020 (1 October 2019 to 30 September 2020). With the new income year commencing on 1 October 2019 and the Tax Administration Law (“TAL”) coming into force, […]
30
Sep
2019
Myanmar Arbitration Update
Highlights of this note Arbitration in Myanmar – recent developments Are parties free to choose for foreign arbitration under Myanmar law? How to invoke an arbitration clause in Myanmar and apply for a stay of court proceedings under the Myanmar Arbitration Law Does the subject matter of the dispute fall within the scope of the […]
30
Aug
2019
Myanmar Passes New Law for Land Acquisition, Resettlement and Rehabilitation
On 19 August 2019, the Union Parliament of Myanmar, Pyidaungsu Hluttaw, enacted Land Acquisition, Resettlement and Rehabilitation Law (Pyidaungsu Hluttaw Law No. 24/2019) to replace the colonial-era Land Acquisition Act (1894) as well as to provide a legal framework for resettlement and rehabilitation for the first time in Myanmar. Highlights of this note Overview What’s […]
29
Jun
2019
INGOs and NGOs Providing Microfinance Services Are Required to Transform Into Corporate Entities in Myanmar
On 4 June 2019, the Financial Regulatory Department (“FRD”) issued a letter (“Letter”) directing International Non-Governmental Organizations (“INGOs”) and Non-Governmental Organizations (“NGOs”) which provide microfinance services to register as companies and apply for fresh Microfinance Business License (“MFI License”). MFI License issued previously Pursuant to the Letter, FRD had previously issued MFI Licenses to 3 […]
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