Our firm is recognized as a leading real estate practice in Myanmar. Real estate is one of VDB Loi’s most important areas of expertise. In Myanmar there is often a significant gap between theory and practice. This is particularly evident with real estate issues. Clients need assistance and advice based not just on legal research, but on the reality on the ground. Our dedicated real estate and construction team brings together lawyers, regulatory experts, tax specialists and accountants to get the deal across the line. Our clients choose us because our service goes beyond what a typical law firm does, way beyond just theory, delivering practical solutions and results.
Highlights of our practice:
We advise a wide range of corporate clients with their construction projects in Myanmar, advising on virtually all regulatory aspects. We assist in securing regulatory approvals on:
EPC and construction agreements
We are ideally placed to assist with sophisticated and highly structured mixed use real estate projects in Myanmar, counting many of Yangon’s major foreign and local developers among our clients. Obtaining an investment permit from the Myanmar Investment Commission (MIC) is a crucial step and a major specialty of VDB Loi. Service providers in Myanmar use quite different approaches and fee structures in relation to obtaining an MIC Permit. Our firm’s approach is to provide not just high-level advice on the process, but to actually prepare the legal documents as well as the voluminous financial portion of the application ourselves. Clients often ask our team to advise on:
Few matters are as complex in Myanmar as land use rights. Roughly a dozen types of land exist, each with their own legal rights and obligations. The use that land rights holders can make of the land is regulated by the type of land rights as well as by zoning rules and individual land use permits. Because the practice on the ground often differs significantly from the theory according to the land laws or land permits, extra caution is warranted. Our real estate team advises on:
Our banking & finance and real estate teams in Myanmar cooperate to supply lenders and borrowers with innovative solutions while mitigating the risks of a pioneer jurisdiction. Our clients often select us for our ability to find a way forward, even when rules and precedents do not yet exist. Our clients, which comprise commercial banks, development financial institutions, non-bank financial institutions and corporate borrowers, often seek our assistance with:
In the wake of the specialized Myanmar litigation firm U Aye Kyaw & Associates joining VDB Loi, we offer clients a wide range of local law services in the arbitration, litigation and mediation sphere. Particularly in the real estate area, our disputes team is able to assist with joint venture and corporate governance disputes, construction disputes between contractor and developer, real estate transaction disputes, failures to complete, warranty claims, and landlord/tenant matters.
The firm is renowned for its superior tax knowledge in Myanmar. Few firms are able to field a highly experienced tax advisory team in Myanmar, let alone with an engaged resident tax partner. At VDB Loi, both resident partners have backgrounds as highly accomplished tax specialists with global firms, which is a unique proposition. The firm provides technical assistance to tax and customs authorities in Myanmar and throughout the region. Our service comprises: