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INSIGHTS THIS MONTH

November 2022

HIGHLIGHT OF THIS MONTH

Bangladesh Project Finance Update: Some New Developments and Practices on the Local Aspects of Cross-border Financing in Bangladesh

The “economic miracle of Bangladesh” has in part been fueled by a robust interest by Development Financial Institutions and International Financial Institutions. The Government has been driving an energy...

IN THIS ISSUE

The Good News Is You Can Now Get Interim Measures in Bangladesh for a Foreign Arbitration. That Is Also the Bad News.

[From our Bangladesh Office]

In the wake of a 2019 Supreme Court decision allowing Bangladesh courts to issue injunctions in support of foreign arbitration procedures, international commercial disputes... 

Deductibility of Interest Loan for Company With Related Party Transactions – What Should Be Aware?

[From our Vietnam Office]

In recent tax audits performed by tax authorities national wide, especially in big cities and provinces where the tax contribution accounting for large part... 

Amendment of Foreign Exchange Management Regulations

[From our Banking and Finance Team - Myanmar Office]

The Central Bank of Myanmar (“CBM”) issued Notification No. 46/2021 on 10 November 2021 which amends Clause 35 of the Foreign Exchange Management Regulations... 

Cap on the amount of cash payable for transactions

[From our Banking and Finance Team - Myanmar Office]

The Central Bank of Myanmar (“CBM”) issued Notification No. 43/2021 on 3 November 2021 whereby it has capped the amount that can be paid... 

An Increasing Number of Goods Are Now Subject to Import Licensing

[From our Regulatory Team - Myanmar Office]

Notably, 3,070 types of goods have been added back to the list of goods requiring import licenses as per the new Newsletter no 18/2021... 

Insolvency Law Required to Be Used for Winding Up From Now On

[From our Regulatory Team - Myanmar Office]

The Insolvency Law is required be used from now on for winding up. The section on winding up under the MCL was replaced by... 

Bangladesh GATS Commitments Under WTO

[From our Bangladesh Office]

The General Agreement on Trade in Services (GATS) is a treaty of the World Trade Organization (WTO) which entered into force in January 1995... 

RECENT VDB LOI WORK

Corporate services in Laos: VDB Loi Laos assisted with a capital injection for the Lao subsidiary of a regional renewable energy player.

Financial services in Myanmar: The Banking and Finance team assisted a large Myanmar bank with its lending to a local microfinance institution.

Complex land due diligence: The Cambodia team has been engaged by a real estate investment fund to conduct a complex land due diligence for a planned acquisition.

Logistics companies trust VDB Loi’s tax experts: The Tax team has been engaged by a number of logistics companies to bring a successful close to their ongoing tax audits.

Lease negotiations: The Myanmar team is assisting a major regional power company with its lease negotiations.

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