Alert: VDB Loi helps foreign multinational obtain one of a kind distribution permitSeptember 12, 2016
On 9 September 2016, the Myanmar Investment Commission has granted a global producer of beverages a sought after distribution permit for its products in Myanmar. VDB Loi assisted the company throughout the process up to the successful outcome.
Distribution and retail are still relatively restricted from foreign investment in Myanmar. Exceptions depend on regulations in force and on the particular conditions of the project. There have been just a few permits issued by the MIC for foreign investors in this situation, so far all have come about with assistance from VDB Loi.
Jean Loi of VDB Loi commented:
“We are delighted with this result for the client. This outcome is a real hallmark of our team’s perseverance. We never give up.”
Edwin Vanderbruggen, the senior partner of VDB Loi who handled the negotiations with the Commission, noted
“Myanmar has been relaxing the restrictions on distribution bit by bit. It is clear where this is going. But you don’t want to be the latest one who gets in. You want an edge.”