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28
May
2019
Myanmar Power Barges: Legal and Tax Issues
Lack of electricity generation and the growing demand in power supply have led the government of Myanmar to resort to short-term power rental projects to feed electricity into the grid as early as 2014 when the government awarded a number of power rental projects to companies such as Aggreko and APR Energy. Highlights of this […]
8
May
2019
Central Bank of Myanmar provides a warning against the risks of transactions with cryptocurrencies
The Central Bank of Myanmar (the “CBM”), by an announcement on 3 May 2019, noted that it does not recognize digital currencies as legal tender in Myanmar (the “Announcement”). The CBM further stated that any persons that engage in transactions involving digital currencies act at their own risk.  The Announcement, which is cautionary in nature, […]
30
Apr
2019
VDB Loi Insights
  INSIGHTS THIS MONTH APRIL 2019   Highlight of This Month / In This Issue / Recent VDB Loi Work / New Myanmar Laws and Regualtions / Upcoming Events / Recent Publications HIGHLIGHT OF THIS MONTH   2019 edition of the Project Finance Market Intelligence publication by Getting the Deal Through, Southeast Asia   As […]
30
Apr
2019
Recent Directives by Central Bank of Myanmar
The Central Bank of Myanmar (the “CBM”) recently published several directives relating to corporate governance aspects of banks’ operation. Highlights of this note 1. Directive on Fit and Proper Criteria 2. Directive on Directors of Bank 3. Directive on Related Parties
12
Apr
2019
Celebrating Thingyan and Reflecting on a Successful Year With VDB Loi
With the recent celebration of our seventh anniversary as well as the upcoming Thingyan Festival in Myanmar, we at VDB Loi would like to thank you for your continued support. We are very pleased to share with you some of VDB Loi’s best moments and achievements over the past year. We are delighted to report […]
9
Apr
2019
2019 edition of the Project Finance Market Intelligence publication by Getting the Deal Through, Southeast Asia
VDB Loi contributed to the 2019 edition of the Project Finance Market Intelligence publication by Getting the Deal Through. VDB Loi team prepared a regional project finance overview for Southeast Asia. Please download the pdf version below.
5
Apr
2019
2019 Myanmar Insurance Market Liberalization for Foreign Investments: First Preferred Applicants Announced
MoPF announcement The Ministry of Planning and Finance of Myanmar has just announced[1] the preferred applicants for the licenses of life insurance business in Myanmar to be operated by 100% wholly-owned subsidiaries of foreign insurers. The list of selected applicants included: AlA Company Limited Chubb Tempest Reinsurance Limited Dai-ichi Life Insurance Company, Limited Manufacturers Life […]
31
Mar
2019
VDB Loi Wins Law Firm of the Year (VDB Loi Insights)
International Financial Law Review (IFLR) has announced the winners of the annual IFLR Asia-Pacific Awards. VDB Loi received the Most Innovative National Firm (Myanmar) award at the ceremony held on 7 March 2019 in Hong Kong.
31
Mar
2019
Enactment of Specific Goods Tax regulations: more compliance requirements for producers?
Although the Specific Goods Tax Law (“SGT Law”) which imposes Specific Goods Tax (“SGT”) on certain goods in Myanmar was enacted back in January 2016, the Specific Goods Tax regulations (“SGT regulations”) which provide detailed compliance requirements were only recently enacted in January 2019. SGT is similar to excise tax in other countries and is […]
29
Mar
2019
10 Frequently Asked Questions About the Myanmar Trademark Law 2019
On 31 January 2019, the President of Myanmar signed and formally enacted the Industrial Design Rights Law (No:2/2019) and the Trademark Law (No.3/2019) (“Trademark Law”).
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