Articles
31
Jan
2020
Myanmar Approved FDI for 2019 in Power Sector: All Projects Selected VDB Loi as Advisor (VDB Loi Insights)
HIGHLIGHT OF THIS MONTH Myanmar Approved FDI for 2019 in Power Sector: All Projects Selected VDB Loi as Advisor From our Energy and Infrastructure Team – Myanmar Office We are very proud to hear that our firm’s strong position in the Myanmarpower sector was once again underscored by the financial reports of the Myanmar Investment […]
30
Jan
2020
Yangon Elevated Expressway Project
VDB Loi has been assisting as local legal counsel to the International Finance Corporation (“IFC”), acting in its capacity as lead transaction adviser to the Ministry of Construction of the Government of Myanmar on the Yangon Elevated Expressway Project Phase 1, which is the first-ever international road Public Private Partnership (“PPP”) in Myanmar. VDB Loi […]
22
Jan
2020
Central Bank of Myanmar updates and clarifies criteria for offshore loans
The Central Bank of Myanmar (“CBM”) has recently made changes to the offshore loan criteria that it has published on its website (see https://www.cbm.gov.mm/content/2066). Clearer wording has been added in terms of the differences in requirements for companies holding permits from the Myanmar Investment Commission (“MIC”) and non-MIC companies. Further updates have been made to […]
2
Jan
2020
Myanmar Trademark Alert: Register Your Trademark as Soon as Possible
After almost one year of enactment of the Myanmar Trademark Law 2019 (for our previous article about the law, please see here, the Ministry of Commerce (“MOC”) has brought implementation of the law on schedule. A draft regulation of the Trademark Law has been circulated for comments, and the MOC is testing the new on-line filing systems for trademark registration. In light of the recent meetings […]
4
Dec
2019
Myanmar Tax Booklet 2019-2020
On 28 May 2019, the Internal Revenue Department (“IRD”) of the Ministry of Planning and Finance (“MOPF”) announced a change to the income year (formerly from 1 April to 31 March) of private and cooperative sectors (“taxpayers”) to 1 October to 30 September, effective from 1 October 2019. Download here
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 […]
25
Nov
2019
ミャンマーの電力・インフラ分野に外国投資を呼び込む 5つの提言
電気がなければ仕事ができない。道路、港、鉄道がなければ移動できない。 電気などのインフラはミャンマーの大きな経済成長と国民繁栄への扉を開ける鍵である。電力事業、有料道路事業、水道事業、鉄道事業などへの投資を危険に晒したいと考える投資家はいない。
9
Nov
2019
New round of foreign bank licensing in Myanmar
On 7 November 2019 the Central Bank of Myanmar issued announcement confirming that a third round of foreign bank licensing will be initiated and opened to foreign banks with representative offices in Myanmar (the “Announcement”). Pursuant to the Announcement, foreign banks will be able to apply either for a branch or for a subsidiary license, […]
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 […]
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