Following the military coup in Myanmar on February 1, 2021, the U.S., UK and EU have imposed a range of sanctions targeting individuals and entities affiliated with the Burmese military....more
The amended Electronic Transactions Law (ETL) is one of several legislative changes that have emanated from the recent military takeover in Myanmar. These changes affect banks, insurers, providers of payments infrastructure...more
On the morning of 1 February 2021, in response to allegations of voter fraud, Vice-President Myint Swe (who has since assumed the role of acting President) declared a State of Emergency for one year and conferred full...more
State Counsellor Daw Aung San Suu Kyi’s National League for Democracy (the NLD) celebrates its third anniversary of government this year. Fourteen months from now, campaigning will commence for Myanmar’s 2020 general...more
The Myanmar government has at long last announced that foreign insurers will be entitled to seek market access to its insurance sector in 2019.
This note builds on our previous publication: Liberalisation of the Myanmar...more
Myanmar’s recently issued Notification 25/2018 liberalises its wholesale and retail trade sectors, allowing both 100% foreign and JV entities to operate in Myanmar. This update summarises the requirements that foreign...more
It has been a year since opposition leader Aung San Suu Kyi took office as State Counsellor in Myanmar, becoming the de facto head of the country’s first elected government in half a century. How is her National League for...more
The new Myanmar Investment Law came into force on 18 October 2016 and the implementing rules came into effect on 30 March 2017 along with the other relevant notifications which were all published recently. These instruments...more
On 30 March 2017, the Myanmar Ministry of Planning and Finance published the Investment Rules (the Investment Rules) completing the framework for the new and long-awaited investment regime in Myanmar established by the new...more
Following two years of consultation, Myanmar’s highly anticipated new investment law (the Investment Law) was approved by the Amyotha Hluttaw on 5 October 2016, having been approved by the Pyithu Hluttaw on 28 September 2016....more
On 7 October 2016, the United States Department of the Treasury, Office of Foreign Assets Control (OFAC) ended all economic and financial sanctions with respect to Myanmar (referred to by OFAC as Burma). The move had been...more
After a landslide victory in Myanmar’s general election held on 8 November 2015, Daw Aung San Suu Kyi’s National League for Democracy (NLD) government took office on 30 March 2016, with U Htin Kyaw named as...more
The Myanmar Investment Commission (MIC) issued notification 26/2016 on 24 March 2016 amending the list of activities in which foreign investment is prohibited or restricted, repealing the previous notification that dealt with...more
It’s just a little over a year until the Myanmar Competition Act comes into force in February 2017. The Act fleshes out the main anti-trust principles, but is arguably muddled in framing their exact scope and the relevant...more
On 5 January 2016, the Parliament of Myanmar passed its new and much awaited Arbitration Law. This Arbitration Law follows and gives effect to Myanmar’s ratification of the New York Convention in April 2013.
One of the...more
On 31 January 2013, MIC issued a notification outlining prohibited and restricted activities for foreign investment (2013 Notification). For further information on the Foreign Investment Law, the Foreign Investment Rules and...more
Six decades of military dictatorship have left the rule of law diminished and badly undermined. It is not that the legal system has disappeared altogether. It’s there but it needs to be brought back to full life if the...more