Sector: Real Estate and Construction

March 19, 2024

为了将线下监控系统转变为线上监控系统,缅甸投资委员会(简称“MIC”)于2024年2月21日发布了通知(简称“通知”),宣布持有许可证或认可的公司将有更多时间重新注册并将数据录入新的缅甸投资在线(简称“MyinO”)系统。这也意味着与这些公司外国员工相关的申请的过渡期也延长了,允许截止日期2024年6月30日前,继续以纸质形式提交申请。 因此,无论您是考虑申请投资许可证,或已经拥有许可证,或打算为您的缅甸投资业务雇佣外国专家,以下是您需要了解的关键细节: 需要重新录入到系统的数据是什么? 根据该通知,持有投资许可证的公司,必须确保重新输入所有与投资相关数据,包括许可证颁发日期后所做的任何活动或投资变更。 重新录入数据的过渡期是什么时候? 数据重新录入和提交与公司外国员工相关的申请的过渡期从原定的截止日期2023年9月1日延长至2024年6月30日。此日期之后,所有外国员工任命申请只能通过MyInO系统进行提交。 所有投资许可证持有者都必须在MyinO系统中重新录入信息吗? 虽然没有明确规定必须重新注册,但实际上,这对于申请处理是必要的,因为只有在投资数据录入系统后,才能进行后续的申请提交。 关于外国专家任命的申请如何提交? 在过渡期间,所有与外国专家相关的事务,如任命外国专家(工作居留许可)、调整员工人数以及管理外国专家的辞职,仍然可以通过邮寄或现场递交,除此之外,还可以在重新录入数据后通过MyInO提交。然而,在过渡期结束后(即根据通告为2024年6月30日),此类外国员工任命只能通过在线提交进行。 如果不遵守通知的后果是什么? 尽管投资公司在MyinO的数据重新录入并非强制性的,但如果未能这样做,将无法在线提交工作许可申请,也不再接受现场提交。因此,建议所有投资许可证持有者尽快重新录入信息,以免对公司业务运营造成延误,因为重新录入信息过程可能需要时间。 如果您有任何疑问或需要帮助,请联系您的VDB Loi专属顾问。

March 19, 2024

On 21 February 2024, the Myanmar Investment Commission (“MIC”) announced an extension of the deadline for companies holding MIC permits or endorsements to re-register and enter all their existing data into the new Myanmar investment online system (“MyInO”) to 30 June 2024. This also means an extension of the transition period for applications related to […]

March 12, 2024

Following where China has been spending and investing its Belt & Road Initiative (“BRI”) capital can provide FDI clues and reveal new opportunities in recipient countries. As infrastructure builds start to yield productive user cashflows and the need for subsequent support services arises, case studies for investment potential become apparent. In this new series, we […]

September 28, 2023

The engineering, procurement, and construction (“EPC”) contract constitutes an important component when implementing a project. In this article, we will examine some practical issues related to EPC contracts in the context of cross-border M&A transactions from the perspective of Cambodian laws and practices. Highlights

July 4, 2023

Bangladesh is preparing to finalize an agreement with Saudi company Red Sea Gateway Terminal (“RSGT”) Company to oversee, upgrade, and expand operations at the Patenga Container Terminal in Chittagong Port. In 2021, the Chittagong Port experienced unprecedented activity, handling an impressive 3.2 million TEUs of cargo, solidifying its position as the busiest port in the […]

March 2, 2023

On 5 October 2021, the Royal Government of Cambodia issued the Law on Competition (“Competition Law”) with the aim to provide a more fair and harmonized business environment. Subsequently, on 17 February 2022, Sub-Decree 37 was issued to form the Cambodia Competition Committee (“CCC”) as the authority to enforce implementation of the Competition Law. Furthering […]

February 28, 2023

The Foreign Exchange Supervisory Committee (“FESC”) decided to grant foreign companies an exemption from mandatory forex conversion in its meeting no.78/2022. In this regard, the Central Bank of Myanmar (“CBM”) issued letter no. FE-1/2861 dated 30 December 2022 concerning the resolution of the FESC’s meeting, which instructs the AD licensed banks to comply with such […]

October 31, 2022

Aiming to protect environmental health, the government has published a new rule based on section 20 of The Bangladesh Environment Conservation Act, 1995. The main objectives of this rule are to prevent, control, and reduce air pollution. The government will appoint a director general who will be responsible for managing and maintaining the environmental issue. […]

October 31, 2022

The Ministry of Labor and Employment introduced 101 new amendments to the Labor Rule 2015, on 01 September 2022. There are some major and minor changes in the newly amended rule. Among the major changes, conduct towards women, maternity benefits, arrangement of health centers that will provide consultation to women are significant. As per the […]

September 30, 2022

In this article we describe requirements of Vietnamese law that need to be complied with when foreign contractors are engaged in construction works in Vietnam. Highlights of this note Does foreign contractor need to establish a subsidiary in Vietnam to perform construction activity in the country? Which registrations and licenses are required to be received […]

July 11, 2022

The Ministry of Labor and Social Welfare of the Lao PDR (MLSW) has issued Decree No.2718/LSW dated 8 July 2022 (the “Decree”) stipulating specific guidelines to implement the Notification No. 829/PMO dated 13 June 2022 issued by the Prime Minister’s Office concerning an increment of the national statutory minimum wage from LAK1,100,000 to LAK1,300,000 (please […]

May 27, 2022

Tenders for a PPP project issued on 16 May 2022, named “Invitation for Bid (IFB) Notice for Establishment of 50-seat medical college and nursing institute and modernization of existing Railway Hospital to 250 beds at Kamalapur Dhaka on PPP mode’ with a closing date of 18 July 2022.  As a continuous effort to expand its […]

May 24, 2022

In this briefing the team of VDB Loi (Vietnam) answers to the most frequently raised questions relating to the provision of foreign loans to companies in Vietnam. This article generally assumes that parties are looking to implement long-term financing for a company registered in Vietnam. Note that additional requirements may apply to certain specifically regulated […]

May 17, 2022

In 2009, Bangladesh lost its first and so far only international investment arbitration against an Italian specialized construction company for the energy sector. It was a painful experience for Bangladesh whose counsel team had mounted a valiant and intelligent defense.

April 20, 2022

In accordance with the notification issued by the Central Bank of Myanmar on 3 April 2022 regarding the conversion of USD into MMK within one working day, the Ministry of Commerce (“MOC”) has confirmed that it will assist importers/exporters regarding the facilitation of applications to buy USD used for their businesses with the Foreign Exchange […]

March 30, 2022

Recently, the Trade Department of the Ministry of Commerce issued Newsletter No. 2/2022 for additional items requiring an import license. This follows previous action by the department of adding commodity lines 3070 (Newsletter No. 18/2021) and 826 (Newsletter No. 1/2022) to the list of those requiring an import license. Effective from 2 March 2022, the […]

March 1, 2022

Three years on from the issuance of the Law on Trusts (dated 2 January 2019), the Non-Banking Financial Services Authority (“NBFSA”) issued Prakas No. 003 F.S.A.PrK on 26 January 2022 on Rules for the Management, Establishment, and Functioning of Trusts (“Prakas”) to set out the rules, conditions, and procedures on the establishment of trusts, their […]

January 27, 2022

Two new laws related to private investments were recently adopted in Cambodia. The Law on Investment dated 15 October 2021 (the “New Law on Investment”) and the Law on Public-Private Partnership dated 18 November 2021 (the “PPP Law”). Highlights of this note The New Law on Investment New Process of Registration: Online Application Incentives Investment […]

January 26, 2022

In an otherwise complex context, the Public-Private Partnership (“PPP”) experience in Bangladesh demonstrates a high level of transparency from which neighboring countries in the region can learn. Highlights of this note PPP framework Procurement Government budgeting Investment and corporate laws Environment law and social impact Secured transactions law Land ownership restriction Land acquisition Procurement process […]

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 […]