Analysis
30
Sep
2018
How the New Companies Law Affects Group Financing Transactions
Myanmar Companies Law 2017 (“MCL”) has introduced a special corporate approval procedure for “related party transactions” into the Myanmar legal system. While such type of transactions are often subject to particular scrutiny under corporate governance laws in many jurisdictions, there are a number of peculiarities to be followed under the MCL, and they are summarised […]
19
Sep
2018
Tax Notes: Draft Union Tax Law 2018–2019
Authors: Jean Loi, Ngwe Lin Myat Chit Due to the change in financial year, the end of the six-month gap period is approaching and the Union Parliament (“Pyidaungsu Hluttaw”) has announced a draft Union Tax Law 2018–2019 (“Draft UTL”) which will be effective from 1 October 2018. A few interesting points from the Draft UTL […]
14
Sep
2018
Fintech in Myanmar: Telecommunications, Media and Technology Myanmar Update 2018
Although the term “currency” is not directly defined under any modern Myanmar statute or regulation, terms such as “foreign currency”, “token”, “e-money”, and “payment instrument” are defined.
14
Sep
2018
Banking and Finance Myanmar Update 2018
In July 2017 the Central Bank of Myanmar (“CBM”) introduced a fresh set of four regulations (Notifications 16-19/2017 pertaining to capital adequacy, asset classification and provisioning, large exposures and liquidity ratio requirement respectively).
31
Aug
2018
Ten Ways to Make Myanmar’s Tax Environment More Attractive for Foreign Investment Without Losing Any Tax Revenue
The slogan of the Dutch tax authorities is “We can’t make it more fun, but we can certainly make it easier”. A fair, easy, predictable and efficient tax system is an important factor in attracting foreign investment.
31
Jul
2018
Fintech in Myanmar (VDB Loi Insights This Month)
VDB Loi made the announcement of sponsoring the Myanmar Homegrown Mix Martial Arts fighter Phoe “Bushido” Thaw for the period of one year. The signing ceremony was held at VDB Loi office. Mr. Edwin Vanderbruggen, Senior Partner of VDB Loi stated that Phoe Taw demonstrates the warrior sprit which blends in with our value.
28
Jun
2018
Ministry of Construction Decides to Promote PPP in Myanmar for Roads and Bridges
On the 15 June 2018 the Ministry of Construction (“MOC”), in partnership with VDB Loi, organized a landmark conference on Public Private Partnerships for Toll Roads in Myanmar. Highlights Overview Reports Panels First Step on the Road to Making the Yangon Expressway Project a Success
28
Jun
2018
Some Issues to Consider for Toll Road PPP Projects in Myanmar
The Union Ministry of Construction, in coordination with the Union Ministry of Transport and Communication, and the Yangon Regional Government seeks to implement its first ever elevated expressway, the Yangon Elevated Expressway. Highlights Situation of existing toll roads in Myanmar Myanmar has a lot of experience with toll road bot contracts, but not the right […]
30
Apr
2018
Acquiring a Port Terminal Project in Myanmar
Although others forms also exist, most port terminals with private interests in Myanmar are “Landlord Ports”. That is to say, the port is leased to the private sector for it to operate the port services, for which it invests capital – generally through a concession. Highlights What are the assets of a Target in the […]
30
Mar
2018
Foreign Ownership Soon Allowed in Private Schools (VDB Loi Insights This Month)
In the beginning of last year, private schools were classified as a promoted sector under the MIC notification 13/2017 and therefore opened to foreign investors. In addition, the Union Parliament (the Pyidaungsu Hluttaw) released a new draft Private School Law (the “Draft PSL”) in December 2017. VDB Loi is working in collaboration with the Ministry of Education to finalize the Draft PSL in order to make this lucrative sector more attractive to foreign investors.
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