Articles
6
Jun
2017
Which project will no longer get an MIC permit? (VDB Loi Insight This Month)
HIGHLIGHT OF THIS MONTH From Our Corporate M&A Team Applying for an MIC Permit Under MYanmar’s New Investment Rules A fairly big portion of new investment projects in Myanmar will no longer receive an actual MIC Permit in accordance with the old, often time consuming procedure. Instead, there is the lighter “Endorsement” procedure for those […]
31
May
2017
Applying for an MIC Permit under Myanmar’s New Investment Rules
A fairly big portion of new investment projects in Myanmar will no longer receive an actual MIC Permit in accordance with the old, often time consuming procedure. Instead, there is the lighter “Endorsement” procedure for those who need land approvals or who qualify for tax incentives.
30
May
2017
Committee Reconvened to Set Minimum Wage Rate
The Myanmar government has reconvened the National Minimum Wage Committee with new members in the interest of reevaluating the minimum wage rate. The committee is comprised of economic advisors, representatives of government ministries, labor and employer organizations and is chaired by Minister of Labor, Immigration and Population, Than Swe. The committee aims to establish a […]
30
May
2017
Talks on Myanmar Investment Treaty with EU on Track
Chief negotiators of the EU-Myanmar Investment Protection Agreement met on April 26th and 27th to discuss unresolved issues from the 4th round of negotiations held in December 2016. The discussions focused on the most recent aspects of the EU’s reformed approach to investor protection and investment dispute resolution. Among the key developments, a new code […]
29
May
2017
Access to personal electronic data: now the law says you need permission
The Pyidaungsu Hluttaw published a new law on 8 March, 2017, the Law Protecting the Privacy and Security of Citizens (Union Parliament Law 5/2017). This new law sets out general duties of relevant ministries and authorities to protect privacy and security of citizens, while a “citizen” is defined as “the person who is a citizen […]
29
May
2017
Myanmar’s Union Tax Law 2017: Changes for Specific Goods Tax
A shifting economic and political landscape is driving significant changes in Myanmar’s tax sector. Many amendments have been enacted in this fiscal year, including the changes announced in the Union Tax Law 2017.
27
Apr
2017
INSIGHTS THIS MONTH (April, 2017)
HIGHLIGHT OF THIS MONTH From Our Corporate M&A Team Myanmar Dramatically Cuts List of 92 Activities Requiring a Local Partner Down to 22 In a move to expand the potential opportunities for foreign investors, the list of activities a foreign investor is allowed to carry out in Myanmar only under a joint venture (“JV”) with […]
25
Apr
2017
Should Myanmar Join the International Convention for the Settlement of Investment Disputes?
In an investment dispute between a foreign investor and the Government of the Union of Myanmar, there are several institutions and rules which can be used.  Highlights of this note What Are the Pros and Cons of ICSID Arbitration for Myanmar Compared to Non-ICSID Arbitration Myanmar’s Dispute Settlement Mechanisms in Existing Investment Treaties Will Myanmar […]
25
Apr
2017
A New Energy Landscape in Myanmar
Myanmar may be on the verge of a completely new energy landscape offering exciting opportunities for international investors. In coming months, a new energy master plan is expected to be revealed for the Yangon Region – which accounts for almost half of all electricity produced across the country. Highlights of this note Evolution of the […]
24
Apr
2017
Myanmar Dramatically Cuts List of 92 Activities Requiring a Local Partner Down to 22
In a move to expand the potential opportunities for foreign investors, the list of activities a foreign investor is allowed to carry out in Myanmar only under a joint venture (“JV”) with a Myanmar citizen or company, has been cut significantly. Highlights of this note Big Winners are Retail, Petroleum Products, Real Estate, Media and […]
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