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INSIGHTS THIS MONTH

February 2020

HIGHLIGHT OF THIS MONTH

Project Bank (finally) published

After decades of highly controversial land acquisitions for public purposes, Myanmar turns a new page by passing the Land Acquisition, Resettlement, and Rehabilitation Law 2019 (Law no. 24/2019, referred...

IN THIS ISSUE

Myanmar’s New Law and Process for Compulsory Land Acquisition: What PPP Project Developers Need to Know

[From our Corporate Commercial & M&A Team]

After decades of highly controversial land acquisitions for public purposes, Myanmar turns a new page by passing the Land Acquisition, Resettlement, and Rehabilitation Law... 

VDB Loi Laos Alert – Hot off the presses: The New Income Tax Law

[From our Laos Office]

The new Income Tax Law No. 67/NA dated 18 June 2019 (“New Income Tax Law”) has been promulgated by the President of the Lao... 

MIC Permit or Endorsement May Be Revoked if the Investor Misses MIC Quarterly Report Deadline

[From our Regulatory Team]

MIC has announced on 30 December 2019 (“Announcement”) on the new format for its quarterly report, the Myanmar Investment Commission (“MIC”). The new MIC... 

The DICA Clarifies Corporate Approval of Director and Related Party Transactions

[From our Corporate Commercial & M&A Team]

Related party transactions are a frequent occurrence in Myanmar corporate life. When one company transacts with another company with which it has some sort... 

Banks Ordered to Improve Customer Due Diligence

[From our Banking and Finance Team]

On 15 November 2019, the Central Bank of Myanmar (“CBM”) issued Directive 18/2019 on 15 November 2019 on customer due diligence. The directive sets... 

RECENT VDB LOI WORK

Energy giant market entry: The Energy team is advising a major international energy corporation with the structuring of its potential entry into the Myanmar mid and downstream markets.

Licensing and regulatoryWe are assisting a Vietnamese conglomerate with obtaining all required licenses to distribute its products in Myanmar. 

Ruling under the new tax administration lawThe taxation team is seeking a tax ruling for a global beverage multinational, testing the procedures under the new tax administration law.

Multifaceted restructuringA major vehicle distributor of globally-known brands has engaged VDB Loi’s Corporate team to assist on all aspects of a multi-company restructuring of its operations in Myanmar. 

Strong tax expertise: The Tax team has been engaged for compliance services by multinational and local clients across a range of industries, including pharmaceuticals, international NGOs, building materials, and beverage manufacturers, because of our strong knowledge and understanding of Myanmar tax laws and practice.

VDB LOI NEWS

VDB Loi hosted the “Myanmar Cambodia Laos Energy and Infrastructure Update” Seminar in Tokyo

In partnership with Japan Institute for Overseas Investment (JOI) and Japan Bank for International Cooperation (JBIC), VDB Loi hosted the “Myanmar Cambodia Laos Energy and Infrastructure Update” Seminar in...

Join our MMA Training Session with Myanmar MMA Champion Phoe “Bushido” Thaw

VDB Loi is bringing you an MMA training session with Myanmar’s Champion, Phoe “Bushido” Thaw. If you ever wanted to have a taste of MMA, join us for this exclusive...