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INSIGHTS THIS MONTH

November 2023

HIGHLIGHT OF THIS MONTH

Prime Minister Lines Up Wide Range of Tax Incentives

Prime Minister Samdech Thipadei Hun Manet focused on tax issues quite a bit in his remarks during the 19th Government-Private Sector Forum on 13 November 2023. Below are highlights...

IN THIS ISSUE

E-commerce Registration Commences

[From our Myanmar Office]

On 2 October 2023, the Ministry of Commerce (“MOC”) introduced its e-commerce registration system, known as eComReg, during an awareness-raising event held at the... 

The Bangladesh Bank Highlights Need for Timely Resolution of Cases in the Money Loan Court

[From our Bangladesh Office]

The circular underscores the imperative for prompt action in resolving ongoing cases in the Artha Rin Adalat or money loan court. It underscores the... 

Act on Using Movable Assets as Collateral Passed by the Bangladesh Parliament

[From our Bangladesh Office]

In Bangladesh, securing a loan from a bank typically requires providing collateral, with immovable property being the preferred and most secure form of security.... 

New Patent Act Introduces Changes to Administration and Patent Holders’ Rights

[From our Bangladesh Office]

Parliament has introduced a new Patent Act 2023 and repealed the Patent Act 2022 aimed at better delineating the rights and responsibilities of patent... 

The Bangladesh Bank Expands Offshore Banking Operations

[From our Bangladesh Office]

In a move to enhance offshore banking in Bangladesh, scheduled commercial banks can now actively participate in offshore banking operations (OBOs) by obtaining approval... 

OUR UPCOMING EVENTS

RECENT VDB LOI WORK

Legal and tax expertise in Cambodia: An international non-profit has engaged VDB Loi to provide legal and tax advice on establishing a non-profit entity in Cambodia.

Labor compliance in Cambodia: International clients trust VDB Loi Cambodia to ensure fulfillment of their labor compliance obligations.

Legal advisory in Laos: The Lao team has been engaged to review and revise an EPC contract and issue a legal opinion.

Advisory in Myanmar: VDB Loi Myanmar is providing an international marketing firm with advice on the legal and tax implications of its operations in Myanmar.

Cross-border acquisition in Vietnam: The Vietnam team is providing support to a regional law firm’s client on the legal and regulatory aspects of the acquisition of a pawnshop operator in Vietnam.

VDB LOI NEWS

VDB Loi Hosts Tax Forum for the Transport and Logistics Sector

On 17 November 2023, the tax experts at VDB Loi convened a forum that brought together owners and operators of logistics companies, shipping lines, and other transportation-focused companies to...

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