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INSIGHTS THIS MONTH

August 2019

HIGHLIGHT OF THIS MONTH

Myanmar Passes New Law for Land Acquisition, Resettlement and Rehabilitation

On 19 August 2019, the Union Parliament of Myanmar, Pyidaungsu Hluttaw, enacted Land Acquisition, Resettlement and Rehabilitation Law (Pyidaungsu Hluttaw Law No. 24/2019) to replace the colonial-era Land Acquisition...

IN THIS ISSUE

Suspension of electricity and mineral investment project incorporations

[From our From Laos Office]

On 10 July 2019, the Department of Investment Promotion of the Ministry of Planning and Investment (“DIP”) issued Notice No. 189 (the “Notice”) regarding... 

MoPF announcement on life and non-life insurance JV

[From our From our Banking and Finance office – Myanmar]

Following previous announcements by the Ministry of Planning and Finance (“MoPF”), foreign life and non-life insurance companies can now form joint ventures with local... 

OUR UPCOMING EVENTS

Myanmar Arbitration Update (Live Webinar Event)

26 September 2019, Online Webinar Event

RECENT VDB LOI WORK

LNG-to-power: Advising the first-ranked bidders on the finalization of project documents for three short-term LNG-to-power projects in Myanmar

Real estate development: We are assisting a leading Japanese construction company on the implementation of a mixed-use real estate project in Yangon

Immigration services: The Regulatory team is advising a leading international accounting firm on immigration compliance issues

Wholesale operations: VDB Loi is assisting a major player in the distribution sector in Asia on its potential entry into Myanmar, with due diligence, structuring advice, and drafting of transaction documentation

Hotel project: VDB Loi’s team is assisting with the design and implementation of the contractual structure for a major hotel project

End-of-year tax audits: The Tax team is working on a number of tax audit projects with local and international clients

NEW MYANMAR LAWS AND REGULATIONS THIS MONTH

Law amending the Union Judiciary Law (Fourth Amendment) (Law No: 25/ 2019)
(21 August 2019)
Mainly changed on the part of appointment of judges and swearing an oath

Land acquisition , resettlement and rehabilitation Law 2019 (Law No: 24/ 2019)
(20 August 2019)
Newly enacted to replaced the old land acquisition law 1894.

Myanma Telecommunication Corporation Law (Law No: 23/ 2019)
(6 August 2019)
Newly enacted to administrate and implement the government telecommunication corporations

VDB LOI NEWS

VDB Loi successfully hosted the CLMV (Cambodia, Laos, Myanmar and Vietnam) projects and finance update seminar with APLMA in Singapore

On the 6th of August, 2019, we hosted a successful seminar in Singapore in partnership with the APLMA (Asia Pacific Loan Market Association). The seminar featured projects and finance updates...

300 Attendees were present for “Tax Administration Law : Are You Prepared for the New Tax Administration System in Myanmar?” Seminar

We hosted the “Tax Administration Law : Are You Prepared for the New Tax Administration System in Myanmar?” Seminar at Pan Pacific on the 13th of August 2019. Our taxation professionals...