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INSIGHTS THIS MONTH

January 2020

HIGHLIGHT OF THIS MONTH

Myanmar Approved FDI for 2019 in Power Sector: All Projects Selected VDB Loi as Advisor

We are very proud to hear that our firm’s strong position in the Myanmarpower sector was once again underscored by the financial reports of the Myanmar Investment Commission (“MIC“)....

IN THIS ISSUE

Myanmar Trademark Alert: Register Your Trademark as Soon as Possible

[From our Telecoms, Media and Technology]

After almost one year of enactment of the Myanmar Trademark Law 2019 (for our previous article about the law, please see here, the Ministry of Commerce... 

How Are Power Projects Taxed in Cambodia?

[From our Cambodia Office]

One of the key tax considerations points which should be kept in mind in any investment project into Cambodia is the availability of the... 

Central Bank of Myanmar updates and clarifies criteria for offshore loans

[From our Corporate Commercial and M&A Team]

The Central Bank of Myanmar (“CBM”) has recently made changes to the offshore loan criteria that it has published on its website (see https://www.cbm.gov.mm/content/2066). Clearer... 

Laos announced conditions for tax certificates

[From our Laos Office]

On 9 January 2020, the Ministry of Finance issued Notice No. 0031/CO (the “Notice”) to announce the necessary formalities for business entities to obtain... 

Yangon Elevated Expressway Project

[From our Energy and Infrastructure Team]

VDB Loi has been assisting as local legal counsel to the International Finance Corporation (“IFC”), acting in its capacity as lead transaction adviser to... 

OUR UPCOMING EVENTS

Local Myanmar Issues for LNG to Power Projects

31 January 2020, Online Webinar Event

RECENT VDB LOI WORK

Quickest turnaround time for regulatory approvals for a power project: Our Regulatory team understands that time is of the essence in major investment projects. They obtained several MIC permits in a record three weeks period.

Microfinance institution financing in high gear: Our Banking and Finance team has been assisting a financial institution on its provision of a loan, through the EU Agriculture Financing Initiative (AgriFI), of up to US$3 million (local currency equivalent) to a microfinance institution in Myanmar.

The team has also been assisting a European impact investor on its lending to a microfinance institution in Myanmar.

Fuel terminal acquisition: VDB Loi is advising a foreign inventor on the potential acquisition of a fuel terminal in Yangon region.

Beverages company acquisition: An asian beverages player has engaged our Corporate M&A team to assist with a proposed deal. We provided transactional assistance regulatory and MIC services.

Commercial rooftop solar project: The Energy & Infrastructure team is drafting a power purchase agreement in relation to a commercial rooftop solar project in Yangon for a major Myanmar player.

VDB LOI NEWS

VDB Loi Shortlisted for Prestigious Award and Climbs in Legal 500 Rankings

With the 2020 legal rankings and awards season kicking off, VDB Loi is off to a promising start, with excellent rankings for its Cambodia, Laos, and Myanmar practices. In...