Sector: Corporate M&A

October 20, 2021

The Ministry of Commerce (MOC) has issued a list of standards and rules applicable to e-commerce operators, the Digital Commerce Operational Guidelines 2021 (“the Guidelines”). Highlights of this note Are these Guidelines legally binding? To whom do the Guidelines apply? To the sellers only or also to the online platforms that facilitate third party sellers? […]

October 11, 2021

Dubbed by some “an economic miracle”, even the global pandemic has not been able to stamp out Bangladesh’s upward development trajectory. It eked out its larger neighbor India in terms of GDP growth according to World Bank reporting, at least in 2021, and its projected GDP growth for 2022 is higher than that of Pakistan, […]

September 21, 2021

Overview According to a report by Vietnam e-Commerce and Digital Economy Agency (governed by Ministry of Industry and Trade), with 53% of the population shopping online, the e-commerce market in Vietnam grew by 18% in 2020, reaching 11.8 billion USD, which accounted for 5.5% of total retail sales of consumer goods and services. According to […]

September 17, 2021

The Myanmar Investment Commission (“MIC”) released Notification 28/2021, dated 8 September 2021, regarding a support plan for the recovery of businesses in Myanmar (“Notification 28”); the MIC will issue a new MIC Permit or Endorsement to investments that suffered fire damage in March 2021. Who are entitled to apply? Notification 28 listed two main groups […]

September 7, 2021

As part of a wider enhancement of digital public services, and to improve the business and investment environment, the Royal Government of Cambodia launched Phase 2 of its online business registration platform, known as the “Single Portal,” on 1 September 2021. The move comes a little over a year after Phase 1 of Single Portal […]

July 30, 2021

Due to the rapid spread of COVID-19 throughout the third wave of infection in Myanmar as well as a shortage of medicine and medical supplies in the market, the Ministry of Commerce has issued Notification 12/2021, dated 12 July 2021, granting a three-month temporary exemption for obtaining import licenses when importing liquid oxygen as well […]

June 14, 2021

On 12 May 2021, the Ministry of Commerce (“MOC”) and the Ministry of Economy and Finance (“MEF”) issued joint Prakas No. 316 on Monetary Fines under the MOC’s Jurisdiction (“Joint Prakas 316”), introducing hefty fines for not registering corporate changes, the annual declaration of commercial enterprise (“ADCE”), financial statements, or trademark renewals, and for conducting […]

May 26, 2021

On 31 December 2020, the Cambodian Ministry of Labor and Vocational Training (“MLVT”) announced the launch of its automated online portal for labor-related services (www.mlvt.gov.kh) through Prakas No. 430/20 on Putting in Place Public Services related to Labor and Vocational Training Sectors via an Automated System (“Prakas 430”) and its subsequent notification dated 5 January […]

May 25, 2021

In order to reduce and relieve the economic impact from the second wave of the COVID-19 pandemic in the Lao PDR, the Prime Minister’s Office has issued Notice No. 532/PMO dated 20 May 2021 (the “Notice”) specifying policies for further implementation by the relevant governmental authorities. 1. Tax policies Exemption from personal income tax for […]

May 20, 2021

Highlights of this note Some pitfalls in registering an offshore sale of shares in a Cambodian company Frequent disputes on the 0.1% stamp duty for share transfers in Cambodia Uncertainties about future capital gains tax on the transfer of shares in a Cambodian company Registering a sale and purchase of shares in a Myanmar company […]

May 20, 2021

Highlights of this note Some pitfalls in registering an offshore sale of shares in a Cambodian company Frequent disputes on the 0.1% stamp duty for share transfers in Cambodia Uncertainties about future capital gains tax on the transfer of shares in a Cambodian company Registering a sale and purchase of shares in a Myanmar company […]

May 20, 2021

Highlights of this note Some pitfalls in registering an offshore sale of shares in a Cambodian company Frequent disputes on the 0.1% stamp duty for share transfers in Cambodia Uncertainties about future capital gains tax on the transfer of shares in a Cambodian company Registering a sale and purchase of shares in a Myanmar company […]

May 20, 2021

Highlights of this note Some pitfalls in registering an offshore sale of shares in a Cambodian company Frequent disputes on the 0.1% stamp duty for share transfers in Cambodia Uncertainties about future capital gains tax on the transfer of shares in a Cambodian company Registering a sale and purchase of shares in a Myanmar company […]

May 14, 2021

On 10 May 2021, the Division of Health of Vientiane Capital (“DH.VTE”) issued Notice No. 378/DH (the “Notice”) requiring that those wishing to travel in and out of Vientiane Capital must apply for a permit from the COVID-19 Taskforce Committee to travel during the lockdown period up to 20 May 2021, or a further lockdown […]

April 20, 2021

On the night of 14 April, the Cambodian Government ordered a number of restrictions in response to the recent rise in COVID-19 infections by means of Decision nr. 49 SR dated 14 April 2021 (“Decision 49“). The regulation was follow up by an amendment providing some additional details by Decision nr. 50 dated 17 April […]

April 15, 2021

In accordance with the recent Government directed business closures and stay-at-home orders, we would like to inform you as follows: VDB Loi in Phnom Penh will continue to operate, with the help of our cloud technology, through online processes and work-from-home.  Tax filings and government filings will continue insofar these are possible by distance/online. Tax […]

March 30, 2021

With the current drastic increase in the number of COVID-19 infections in Cambodia and to help prevent the spread of contagious diseases, the Royal Government of the Kingdom of Cambodia enacted the Law on Measures to Prevent COVID-19 and Other Fatal and Harmful Diseases on 11 March 2021 (the “COVID Law”) and Sub-Decree No. 37 […]

March 10, 2021

The Ministry of Commerce (“MOC”) recently issued Newsletter no.02/2021, dated 3 March 2021, (“Newsletter 2”) granting a temporary exemption for obtaining import/export licenses when importing/exporting certain goods into or out of Myanmar due to the current situation in the country. According to the list of goods included in the Newsletter 2, there are 72 items […]

March 4, 2021

The richness of Cambodia’s soil makes rubber plantations a popular investment in the Kingdom of Cambodia. Seeing the potential growth in this sector, the Ministry of Agriculture, Forestry, and Fishery (“MAFF”) recently issued a new Prakas on the Application Procedure for Establishing and Operating Rubber and Rubberwood Processing Factories and Handicraft Enterprises (no. 040 BrK. […]

January 29, 2021

今天看到了新的《土地法》的生效 2019年6月21日第70 / NA号《 2019年土地法》,除其他外,包括有关的新规定土地使用权的有限所有权由在某些情况下的外国人与个人单位的有限所有权在康斗和公寓楼,这取代了旧法律可以追溯到2003年。我们在下面概述了2019年《土地法》的一些关键新规定: 土地使用权的外资持股 现在老挝政府允许外国人购买土地使用权的有限所有权在州土地上长达50年,可扩展的(“临时所有权”)。临时所有权是仅允许用于特定开发目的康斗和公寓楼,要么是其他住宅 要么是商业综合体。临时所有权也适用于老挝国民,我们希望他们更少能利用它,因为他们有权持有更具吸引力的永久土地使用权。 临时所有权下的合法权利 临时所有权是指 外国开发商将不再只能通过特许权和租赁获得土地。此外,他们将拥有转移的合法权利,抵押,或遗赠 他们对土地和建筑物的权利,尽管仅在临时所有权的剩余期限内。更重要的是,他们将有权将建筑物各个单元的所有权出售或转让给潜在的购买者(老挝和外国人)。我们了解这些规定是旨在允许私人开发商用州土地发展最先进的技术康斗 和 商业建筑 并出售或租赁各个单位(下一节将讨论各个单位的所有权)。正如您可从以上看到的,外国人不能向老挝人购买私人土地的有限所有权。 附加注册要求 购买临时所有权以建造康斗或公寓楼的外国开发商,必须,除了获得投资许可证和建筑许可证外,将土地注册为 “康斗建设用地” 在施工开始之前与有关土地管理当局。 共管康斗或公寓建筑中的个体单位所有权 2019年《土地法》赋予老挝和外国公民购买建筑物的单位的权利,这些房屋的使用,出售,租赁,抵押权,并以类似于转让老挝国民私人拥有的土地的永久土地使用权的方式来继承单位的所有权。但是,单位的所有权不是永久的。 根据我们的理解,单位的所有权期限取决于建设用地所有权的性质。在此基础上,各个单位的所有权可以大致分为以下几种类型: 卖方是老挝开发商,拥有建筑用地 在这种情况下,老挝国民和外国人都可以在单位使用寿命内购买单位。根据《 2019年土地法》未定义“寿命”一词,因此,目前尚不清楚它是否指的是设备的实际寿命,设计或施工计划中指定的单元的预期寿命,或买卖合同中单位共同商定的寿命。 卖方是老挝或具有临时所有权的外国开发商 尽管《 2019年土地法》规定,拥有临时所有权的卖方的单个单位的购买者在单位使用寿命内享有所有权,尚不清楚单位购买者的实际所有权是否可以超过临时所有权的期限 ( 从获得所有权之日起算,最长为50年,包括建设期 )。在这种情况下,民法原则可能:“一个人所转让的权利不能超过一个人拥有” (Nemo dat quod non habet; nemo plus iuris ad alium transferre potest quam ipse habet) 将应用,并且单位的所有权期限将限于剩余的临时所有权期限。 各个单位的购买者必须向有关的老挝土地管理当局注册所有权。 其他规定 与旧法律不同的是,2019年《土地法》在租用和特许国有土地的期限方面不再按国籍或居住地身份进行区分,根据项目或业务的性质,规模和具体情况,所有承租人和特许经营者现在最多可以使用50年。此外,尽管新法律很少详细说明如何进行租赁和特许经营,但现在必须进行招标程序。 除了上述新规定外,2019年《土地法》还提供了一个新的计算机化的国家土地所有权数据库,公众只需支付少量费用即可访问该数据库。 本文旨在概述老挝人民民主共和国的新土地法律,仅出于一般目的,因此,本文中的内容不得解释为任何特定问题或情况的法律建议或替代法律建议。 我们将在新的2019年《土地法》付诸实施时提供进一步的见解,并将就其出台的任何相关从属法律进行报告。有关2019年《土地法》的更多信息,或对老挝人民民主共和国的法律和法规环境有任何其他疑问,请随时通过VDB Loi老挝办事处与我们联系: Daodeuane […]