Articles
30
Nov
2017
Fresh Wave of M&A Following New Companies Law? (VDB Loi Insights This Month)
HIGHLIGHT OF THIS MONTH From our Corporate M&A Team A Fresh Wave of Acquisitions in the Wake of the New Companies Law? 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. The new Companies Law 2017 […]
29
Nov
2017
A Fresh Wave of Acquisitions in the Wake of the New Companies Law?
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. The new Companies Law 2017 allows, as the reader will by now already know, up to 35% foreign shareholding in any company with Myanmar national shareholders without that company losing its status as a “Myanmar company”, thereby effectively opening up previously closed parts of the economy to foreign minority ownership.
28
Nov
2017
M&A in Myanmar’s Fast-Growing Media Sector: Not a Done Deal Yet
Foreign investments in the media sector have not been active in Myanmar this year. One of the probable reason could be the lack of clarify over foreign ownership in this sector. In this brief we analyze the restriction over foreign ownership according to the laws and requirements from the particular authorities in Myanmar.
28
Nov
2017
Companies Law Passed by Parliament: What Are the Last Minute Changes?
The National Assembly has passed Myanmar Companies Law (the “MCL”) after extensive debate on various aspects of Myanmar’s long awaited corporate reform. The Law is finally here, passed on 23 November, pending signing into law by the President.
23
Nov
2017
Five Potential Pitfalls in the Myanmar Companies Law
In our previous client briefing note, we outlined five key things to look forward to under the Myanmar Companies Law (“MCL”). Following on from this, and as part of our continued coverage of the MCL, we will outline five potential drawbacks with regard to the MCL and how they may affect companies in practice. 1. […]
21
Nov
2017
Five Things to Like in the New Companies Law
The end of the comprehensive overhaul of Myanmar’s company law framework is finally in sight with an updated bill (the “MCL”) at advanced stages of parliamentary debate. Once enacted, the MCL will replace the outdated Burma Companies Act of 1914 (the “1914 Act”) thereby modernizing Myanmar company law in line with more advanced jurisdictions.
1
Nov
2017
E-Government, Change of Financial Year, New Trademark Law (VDB Loi Insights This Month)
VDB LOI YANGON OFFICE RELOCATION VDB Loi Yangon Office Relocation We are Expanding!    We are proud to announce that our Yangon office has been relocated to a new and state-of-the-art office in Junction City on 30 October 2017. Please find our new location’s address as well as telephone and fax numbers below: Level 10, […]
1
Nov
2017
Foreign Workers and Stay Permit Extensions
New rules for appointment and resignation of foreign experts The Investment Monitoring Division of the Directorate of Investment and Company Administration (“DICA”) has issued an Announcement, which came into effect on 21 October 2017. The Announcement pertains to the appointment of foreign experts as senior management, technical experts or consultants. In order for the appointment […]
30
Oct
2017
Open for Business: Registering your Myanmar Trademark Today
Myanmar’s long awaited legal reform to its intellectual property framework is nearing completion with the recent announcement of a new draft of the Trademarks Bill (the “Bill”). Once enacted, the process for registering your trademark in Myanmar will be streamlined with a soon to be established Intellectual Property Office (“IPO”) replacing the comparatively weaker protection […]
30
Oct
2017
The E-Government Master Plan: Sowing the Seeds for ICT Investment?
Introduction: The ‘E-Government Master Plan’ (the “Plan”) is a recently launched initiative by the Myanmar Government which strives to provide a platform for the integration of Information and Communications Technology (“ICT”) into government policy, agencies and organizations. This ambitious plan envisages, among other things, to create a shared network infrastructure, Ministry specific applications and a […]
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