Articles
25
Mar
2020
Do Employees Have the Right to Work Remotely? Questions on Myanmar Labor Law Facing the Coronavirus Outbreak
Although there are fewer than 10 confirmed cases of the coronavirus (“COVID-19”) in Myanmar as yet, companies in Myanmar have already observed quite a stir in their regular operations. Highlights of this note If an employee self-quarantines, does this count as annual leave, a normal working day, or leave of absence? Can an employer oblige […]
20
Mar
2020
CBM lowers interest cap on loans
On 12 March 2020, the Central Bank of Myanmar (“CBM”) issued Directive 1/2020 (the “Directive”) and reduced the maximum interest rates on secured and unsecured loans to 12.5% and 15.5% respectively.This marks a small deviation from Directive 1/2019, issued by CBM last year, when it announced maximum interest rates on secured and unsecured loans of […]
29
Feb
2020
Project Bank (finally) published (VDB Loi Insights)
HIGHLIGHT OF THIS MONTH   Project Bank (finally) published From our Energy and Infrastructure Team – Myanmar Office After decades of highly controversial land acquisitions for public purposes, Myanmar turns a new page by passing the Land Acquisition, Resettlement, and Rehabilitation Law 2019 (Law no. 24/2019, referred to herein as the “LARR 2019”). READ MORE […]
29
Feb
2020
Project Bank (finally) published
After decades of highly controversial land acquisitions for public purposes, Myanmar turns a new page by passing the Land Acquisition, Resettlement, and Rehabilitation Law 2019 (Law no. 24/2019, referred to herein as the “LARR 2019”).
27
Feb
2020
MIC Permit or Endorsement May Be Revoked if the Investor Misses MIC Quarterly Report Deadline
MIC has announced on 30 December 2019 (“Announcement”) on the new format for its quarterly report, the Myanmar Investment Commission (“MIC”). The new MIC quarterly report a uniform format for all investment sectors. This new format must be used starting from the January to March 2020 period. In addition to other usual items to be […]
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. […]
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