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Developments in sanctions targeting Myanmar

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

Myanmar update from on the ground: Changes to the Electronic Transactions Law and the impact on financial institutions

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

Update from on the ground: Draft Cyber Security Law – Implications for business in the ICT sector in Myanmar

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

Myanmar’s economic liberalisation: Three years on

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

Myanmar permits foreign investment into the insurance sector

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 opens up the wholesale and retail sector to foreign investment

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

One year on: Myanmar under the National League for Democracy Government

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

Myanmar's new investment regime

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

Myanmar’s New Investment Regime: Financing of investments in Myanmar

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

A big week for Myanmar: A new investment law and the termination of U.S. Sanctions

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

The U.S. Department of the Treasury, Office of Foreign Assets Control Ends Its ‘Burma Sanctions Program’

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

Myanmar ministries announce "100-day" plans

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

Myanmar’s Scope of Prohibited and Restricted Activities for Foreign Investment – A New Revision

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

Myanmar Competition Act: Ready Or Not - Here It Comes

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

Reform Of The Arbitration Law In Myanmar - The Wait Is Over

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

Myanmar Revises Scope Of Prohibited And Restricted Activities For Foreign Investment

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

10/9/2014  /  Foreign Investment , Investors

Our Hope Rests With The Rule Of Law

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

9/9/2014  /  Economic Development
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