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INSIGHTS THIS MONTH

November 2019

HIGHLIGHT OF THIS MONTH

The Impact of the 2019 Construction Law On Property Development in Cambodia

In the wake of the tragic and fatal building collapse in Sihanoukville June this year, the new and hotly debated Construction Law has come into force on 2 November...

IN THIS ISSUE

ミャンマーの電力・インフラ分野に外国投資を呼び込む 5つの提言

[From our Energy and Infrastructure]

電気がなければ仕事ができない。道路、港、鉄道がなければ移動できない。 電気などのインフラはミャンマーの大きな経済成長と国民繁栄への扉を開ける鍵である。電力事業、有料道路事業、水道事業、鉄道事業などへの投資を危険に晒したいと考える投資家はいない ハイライト 先ず、ミャンマーの評判をあげること。 契約を履行し支払いを実行する外国投資家を保証する。 政府間レベル案件の支援を保証する「アンブレラノート」の利用。 最大限に個人投資を増やす。 取引条件交渉のやり方は変わらなければならない。 追記 

New round of foreign bank licensing in Myanmar

[From our Banking and Finance]

On 7 November 2019 the Central Bank of Myanmar issued announcement confirming that a third round of foreign bank licensing will be initiated and... 

Myanmar reduces Stamp Duty penalties

[From our Taxation]

Stamp Duty (“SD”) is applicable on all chargeable instruments unless explicitly exempted under Schedule 1 of the Myanmar Stamp Act 1899 (“MSA”). Chargeable instruments... 

RECENT VDB LOI WORK

Cambodia’s largest solar project: Our Energy Infratructure team has been selected to assist Cambodia’s largest solar project to date. Our team will be advising on structure, PPA and other project documents, land acquisition and financing. We are also mandated to secure all permits and licenses for the project.

Land acquisition services in overdrive: VDB Loi’s Land Acquisition team is running in overdrive to secure approvals for the project site of Myanmar’s latest energy facility. We are preparing land documents, assisting in negotiations and we secure land related approvals from authorities at several levels of Government.

Banking environment research: A European bilateral development agency has engaged VDB Loi to conduct research on the Myanmar banking regulatory landscape, and a review and sanction searches of four banks.

Major telecom infrastructure project: The TMT team is advising on the legal and regulatory aspects of the construction of a submarine fiber optic cable and data center.

Tax structuring advice in the mobile money space: The tax team is advising the client of a leading international accounting firm on the tax implications of structuring arrangements for the provision of payment solutions in relation to the sale of digital content.

Financing of a microfinance institution: Our Banking and Finance team has been assisting a European impact investor on its lending to a rural microfinance institution in Myanmar.