Myanmar Arbitration Update (VDB Loi Insights)

30
Sep
2019

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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 featuring insights into arbitration developments from a practical perspective by means of a short series of case studies. The speakers were Mr. Edwin Vanderbruggen, U Aung Myo Kyaw and U Myo Win.

IN THIS ISSUE
Taxation    
Union Tax Law 2019: Everything You Need to Know About Amnesty, Exemptions and Significant Changes
[From our Taxation Team] – Myanmar Office
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).
Phnom Penh    
လျှပ်စစ်စွမ်းအင်ကဏ္ဍနှင့် အခြေခံအဆောက်အအုံများအတွက် နိုင်ငံခြားရင်းနှီးမြှုပ်နှံမှု အလုံးအရင်းဖြင့် ဝင်လာအောင် မည်သို့ဖိတ်ခေါ်မလဲ။ အောက်ပါအချက် ၅ ချက်ကို လိုက်နာဆောင်ရွက်ပါ။
[From our Energy and Infrastructure Team] – Myanmar Office
လျှပ်စစ်စွမ်းအင်မရှိဘဲ မည်သည့်အလုပ်ကိုမျှ လုပ်ကိုင်၍ မရပါ။ လမ်း၊ ဆိပ်ကမ်းနှင့် မီးရထား သံလမ်းများ မရှိဘဲ မည်သည့် နေရာကိုမျှ သွား၍ မရပါ။ လျှပ်စစ်စွမ်းအင် အပါအဝင် အခြေခံ အဆောက်အအုံများသည် မြန်မာ နိုင်ငံ၏ စီးပွားရေး အလားအလာကောင်းများ နှင့် အများပြည်သူတို့၏ အကျိုးစီးပွားကို လမ်းဖွင့်ပေးမည့် သော့ချက်ဖြစ်သည်။
RECENT VDB LOI WORK
Government negotiations: The TMT team is assisting a Telecom infrastructure company in negotiations with the Myanmar Government to obtain the approvals necessary for its project.

Growing reputation among European DFIs: The Banking and Finance team has advised a European development financial institution on its multimillion dollar loan to a microfinance institution with a presence in Myanmar as well as in other emerging markets.

Oil & gas services: The team is assisting a global drilling services company with its tax and corporate compliance for its market entry.

Power sector M&A: The Corporate and Energy teams are advising a global company on the acquisition of an equity stake in a company with power generating assets in Myanmar.

LNG project: The Energy team is advising a major Asian player in the oil and gas sector in assessing the feasibility of an LNG terminal project in Myanmar, including all regulatory, contractual, land, and structuring aspects.

NEW MYANMAR LAWS
AND REGULATIONS THIS MONTH
  • Union Tax Law 2019 (Law No: 30/ 2019)
    (24 September 2019)
    Newly enacted to replace 2018 Tax Law
     
  • Protection of Plants Species (Law No: 29/ 2019)
    (24 September 2019)
    Newly enacted
     
  • State Budget Law 2019-2020 (Law No: 28/ 2019)
    (17 September 2019)
    Newly enacted to replace the 2018-2019 State Budget Law
     
  • Educational Researches and planning Law (Law No: 27/ 2019)
    (17 September 2019)
    Newly enacted
     
  • National Planning Law ( 2019-2020 Financial Year) (Law No: 26/ 2019)
    (17 September 2019)
    Newly enacted to replace the 2018-2019 State Budget Law
     

VDB LOI NEWS
   
Asialaw highly ranks VDB Loi’s practice in the region

With the release of the Asialaw 2020 rankings, VDB Loi has solidified its status as a leading law firm in Southeast Asia. In addition to being ranked “Outstanding” for the Banking and Financial Services and Energy sectors in Myanmar, and being ‘Highly Recommended’ in various other practice areas in Southeast Asia, we would like to congratulate Edwin Vanderbruggen on being recognized as an “Elite Practitioner” in Myanmar.

   
   
VDB Loi’s change of address in Singapore

VDB Loi’s singapore address has been updated. Should you wish to contact us in Singapore, please reach us at the following address and contact number.

VDB Loi Pte Ltd
1 Raffles Place
#19-61 Tower 2
Singapore 048616
Tel: +65 6808 5681
Fax: +65 6808 5801

   
   
Myanmar Mixed Martial Arts Star Phoe “Bushido” Thaw’s sponsorship extended by VDB Loi

VDB Loi and MMA fighter Phoe “Bushido” Thaw held a press conference on 17 September announcing the extension of sponsorship. Phoe Thaw will be competing in ONE Championship: Century on 13 October. He is now in Tokyo, preparing and training for his upcoming bout. ONE Championship: Century event will be held in Ryogoku Kokugikan Arena, Sumida City in Tokyo. You can watch it live on ONE Championship Application and Skynet Sports Channel.

   
   
VDB Loi’s first webinar, “Myanmar Arbitration Update” was a success

VDB Loi hosted the “Myanmar Arbitration Update” Webinar on 26 September. Over 30 organizations from around the world joined the webinar. Our Senior Partner, Mr.Edwin Vanderbruggen and Senior Legal Associates, U Aung Myo Kyaw and U Myo Win talked about the landscape of commercial disputes, the new Arbitration Law, the Supreme Court’s proceedings and analyzed the arbitration developments of the ground from a practical perspective by means of a short series of case studies.

We will be hosting more webinars in the future for the convenience of our clients, partners and guests located abroad.

   
   
Visit our booth at the “Future Digitalized Mandalay Job fair” on 6 October

VDB Loi is the Platinum Sponsor of MyJob Myanmar’s “Future Digitalized Mandalay Job Fair”. We will have a booth at the event which will be held in Hotel Marvel, Mandalay on the 6th of October. Our Senior Admin & HR Manager, Ms.Nay Nwe Lynn and our Manager of the payroll solutions team, Ms. Anna Chou will also be presenting a topic titled “Smart HR”. Pay us a visit if you are in Mandalay on 6 October.

   

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