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INSIGHTS THIS MONTH

June 2019

HIGHLIGHT OF THIS MONTH

Power Surge at MOEE

Quite an eventful week for the power sector in Myanmar with the announcement of new electricity tariff for customers, the issuance of tender documents for five rental projects as...

IN THIS ISSUE

INGOs and NGOs Providing Microfinance Services Are Required to Transform Into Corporate Entities in Myanmar

[From our Energy and Infrastructure Team]

On 4 June 2019, the Financial Regulatory Department (“FRD”) issued a letter (“Letter”) directing International Non-Governmental Organizations (“INGOs”) and Non-Governmental Organizations (“NGOs”) which provide... 

MBSC’s directive on interest rates on micro-credits and savings

[From our Banking and Finance Team]

On 5 June 2019, the Microfinance Business Supervisory Committee issued Directive 1/2019 (the “Directive”) which revises the interest rates applicable to micro-credits and savings... 

OUR UPCOMING EVENTS

How to Attract and Retain Talents in Your Organisation

6 July 2019, Yangon

  • Ways to properly engage with your employees.
  • How can you efficiently craft your EVP?
  • What are the factors that will drive away good employees?
  • How to avoid labor disputes in the workplace?
  • What are the procedures to settle labor disputes?
  • What are companies doing to attract and retain talents?

CLMV (Cambodia, Laos, Myanmar and Vietnam) Projects and Finance Update

5 August 2019, Singapore

  • Deal roundup
  • Due diligence case studies
  • Deal structuring
  • Local approvals and government guarantees
  • Security package and debt enforcement

RECENT VDB LOI WORK

Project financing: VDB Loi is acting for a Chinese multinational banking company on its multimillion dollar financing for a leading Myanmar conglomerate involved in infrastructure and development activities. The team is conducting due diligence and assisting with documentation and completion of the deal.

Engaged by numerous foreign investors for our regulatory and corporate compliance expertise: VDB Loi is advising a large Vietnamese conglomerate on labor and corporate compliance matters. We are also assisting a number of repeat clients with company incorporation matters.

NEW MYANMAR LAWS AND REGULATIONS THIS MONTH

Law amending Bar Council Act (Law No: 21/ 2019)
(10/June/2019)
Newly enacted for the formation of a new Bar council members

Tax Administration Law (Law No: 20/ 2019)
(7/June/2019)
Newly drafted for the developments of tax administration

Law amending the investment law (Law No: 19/ 2019)
(6/June/2019)
Mainly changed on the definition of Ministry

VDB LOI NEWS

VDB Loi Hosted the “CLMV (Cambodia, Laos, Myanmar and Vietnam) Projects and Finance Update” Event in Tokyo

VDB Loi successfully hosted the “CLMV (Cambodia, Laos, Myanmar and Vietnam) Projects and Finance Update” event in Tokyo, Japan today (June 25). We thank our partners, Japan Institute for...

VDB Loi Champion, Phoe Bushido Thaw Wins Again in Shanghai

After training in the United States with the partial sponsorship of VDB Loi, Phoe Bushido Thaw faced an Indonesian opponent at the One Legendary Quest event in Shanghai on...