Update
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 […]
27
Sep
2018
ミャンマー、LNG発電所急ぐ
日本経済新聞9月21日朝刊に「ミャンマー、LNG発電所急ぐ –電力不足解消へ窮余の策」のタイトルでミャンマー電力事情の紹介記事が掲載されました。VDB-Loi エドウィンのコメントが紹介されました。
27
Sep
2018
Are you Myanmar Companies Law compliant?
The recently effective Myanmar Companies Law (the “MCL”) brings about groundbreaking changes to the corporate landscape in Myanmar, as it modernizes the rules related to entities (companies, branches and representative offices) conducting business in Myanmar. Despite the changes companies still need to act so they can reap the benefits of the new measures. In this […]
27
Sep
2018
Ministry appoints Condominium Registrars to implement Condo Law
For the first time, the Myanmar government is to open new registration offices and assign registrars for condominiums.  This is an important sign that the government is serious about reforming the property market, with both Myanmar people and foreigners now able to obtain an ownership title of units registered as condominiums. The Condominium Law and […]
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).
14
Sep
2018
Corporate M&A Myanmar Update 2018
Myanmar’s economy is already quite open to foreign investment, but the few areas previously entirely closed to foreign ownership have just – nearly all- been opened as well.
14
Sep
2018
Energy and Infrastructure Myanmar Update 2018
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. The goal of the conference was to foster co-operation and understanding between the Government of the Union of Myanmar, the Myanmar private sector, and international investors.
31
Aug
2018
New Regs on government contracts (VDB Loi Insights This Month)
      HIGHLIGHT OF THIS MONTH Edwin Vanderbruggen discusses Myanmar’s growing power needs with Channel News Asia In light of the recent dam flooding in central Myanmar, Edwin Vanderbruggen discusses Myanmar’s opportunities for new hydropower projects in the country. As the government has improved environmental, social and safety standards around power projects, the country […]
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