INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
Myanmar Arbitration Update
Highlights of this note Arbitration in Myanmar – recent developments Are parties free to choose for foreign arbitration under Myanmar law? How to invoke an arbitration clause in Myanmar...
IN THIS ISSUE
Union Tax Law 2019: Everything you need to know about amnesty, exemptions and significant changes
[From our Taxation Team]
The Union Taw Law (“UTL”) 2019 was enacted on 24 September 2019 by the Union Parliament (the Pyidaungsu Hluttaw) and will be applicable for...
လျှပ်စစ်စွမ်းအင်ကဏ္ဍနှင့် အခြေခံအဆောက်အအုံများအတွက် နိုင်ငံခြားရင်းနှီးမြှုပ်နှံမှု အလုံးအရင်းဖြင့် ဝင်လာအောင် မည်သို့ဖိတ်ခေါ်မလဲ။ အောက်ပါအချက် ၅ ချက်ကို လိုက်နာဆောင်ရွက်ပါ။
[From our Energy and Infrastructure]
လျှပ်စစ်စွမ်းအင်မရှိဘဲ မည်သည့်အလုပ်ကိုမျှ လုပ်ကိုင်၍ မရပါ။ လမ်း၊ ဆိပ်ကမ်းနှင့် မီးရထား သံလမ်းများ မရှိဘဲ မည်သည့် နေရာကိုမျှ သွား၍ မရပါ။ လျှပ်စစ်စွမ်းအင် အပါအဝင် အခြေခံ အဆောက်အအုံများသည် မြန်မာ နိုင်ငံ၏ စီးပွားရေး အလားအလာကောင်းများ နှင့် အများပြည်သူတို့၏ အကျိုးစီးပွားကို...
RECENT VDB LOI WORK
Government negotiations: The TMT team is assisting a Telecom infrastructure company in negotiations with the Myanmar Government to obtain the approvals necessary for its project.
Growing reputation among European DFIs: The Banking and Finance team has advised a European development financial institution on its multimillion dollar loan to a microfinance institution with a presence in Myanmar as well as in other emerging markets.
Oil & gas services: The team is assisting a global drilling services company with its tax and corporate compliance for its market entry.
Power sector M&A: The Corporate and Energy teams are advising a global company on the acquisition of an equity stake in a company with power generating assets in Myanmar.
LNG project: The Energy team is advising a major Asian player in the oil and gas sector in assessing the feasibility of an LNG terminal project in Myanmar, including all regulatory, contractual, land, and structuring aspects.
NEW MYANMAR LAWS AND REGULATIONS THIS MONTH
Union Tax Law 2019 (Law No: 30/ 2019)
(24 September 2019)
Newly enacted to replace 2018 Tax Law
Protection of Plants Species (Law No: 29/ 2019)
(24 September 2019)
Newly enacted
State Budget Law 2019-2020 (Law No: 28/ 2019)
(17 September 2019)
Newly enacted to replace the 2018-2019 State Budget Law
Educational Researches and planning Law (Law No: 27/ 2019)
(17 September 2019)
Newly enacted
National Planning Law ( 2019-2020 Financial Year) (Law No: 26/ 2019)
(17 September 2019)
Newly enacted to replace the 2018-2019 State Budget Law
VDB LOI NEWS
Asialaw highly ranks VDB Loi’s practice in the region
With the release of the Asialaw 2020 rankings, VDB Loi has solidified its status as a leading law firm in Southeast Asia. In addition to being ranked “Outstanding” for...
VDB Loi’s change of address in Singapore
VDB Loi’s singapore address has been updated. Should you wish to contact us in Singapore, please reach us at the following address and contact number. VDB Loi Pte Ltd1...
Myanmar Mixed Martial Arts Star Phoe “Bushido” Thaw’s sponsorship extended by VDB Loi
VDB Loi and MMA fighter Phoe “Bushido” Thaw held a press conference on 17 September announcing the extension of sponsorship. Phoe Thaw will be competing in ONE Championship: Century...
VDB Loi’s first webinar, “Myanmar Arbitration Update” was a success
VDB Loi hosted the “Myanmar Arbitration Update” Webinar on 26 September. Over 30 organizations from around the world joined the webinar. Our Senior Partner, Mr.Edwin Vanderbruggen and Senior Legal...
Visit our booth at the “Future Digitalized Mandalay Job fair” on 6 October
VDB Loi is the Platinum Sponsor of MyJob Myanmar’s “Future Digitalized Mandalay Job Fair”. We will have a booth at the event which will be held in Hotel Marvel,...
Archive
- Our Yangon Office: New Address (VDB Loi Insights)
October 2023 - VDB Loi Awarded Best for Tax Cambodia, Law in Laos (VDB Loi Insights)
September 2023 - Cambodian Government Increases Subsidies for Pregnant Women and Young Children (VDB Loi Insights)
August 2023 - Vietnam New Regulation from State Bank of Vietnam on Foreign Loans (VDB Loi Insights)
July 2023 - Automated System to Apply for E-Commerce Licenses/Permits Available (VDB Loi Insights)
June 2023 - New National Power Development Plan in Vietnam (VDB Loi Insights)
May 2023 - Myanmar: Major Changes in the Union Tax Law 2023 (VDB Loi Insights)
April 2023 - Clean Energy Transition is Additional Drive for Regional Power Trades in South and South East Asia (VDB Loi Insights)
March 2023 - Maximizing Benefits from Investment Incentives (VDB Loi Insights)
February 2023 - Is Land Acquisition the Real Reason Behind the Unbearable Delay of Solar Projects? (VDB Loi Insights)
January 2023 - VDB Loi Hosts Major Seminar on Renewable Energy in Cambodia (VDB Loi Insights)
November 2022 - New Opportunities for Renewable Energy and Grid Reinforcement in Cambodia (VDB Loi Insights)
October 2022 - Foreign Construction Contractor in Vietnam: Local Compliance Framework (VDB Loi Insights)
September 2022 - Setting Up Or Acquiring Manufacturing Business In Vietnam
August 2022 - Pathway to an Independent Power Project in Vietnam
July 2022 - Foreign loans for Vietnamese borrowers – Q&A
June 2022 - Green Finance in Southeast Asia
May 2022 - How Does Bangladesh’s Blockchain Strategy Look Like?
April 2022 - VDB Loi Cambodia Wins IFLR Asia-Pacific National Law Firm of the Year Award
March 2022 - Will Income From Cryptocurrency Be Taxed In Vietnam? (VDB Loi Insights)
February 2022 - The New Laws on Investment and Public-private Partnership: Setting the Foundation for Advanced Private Investment Landscape in Cambodia
January 2022 - Bangladesh Project Finance Update: Some New Developments and Practices on the Local Aspects of Cross-border Financing in Bangladesh
November 2021 - Update on Investment Licensing in Bangladesh: New BIDA Practices
October 2021 - Intra Group Services – Are Cambodian Taxpayers Waving a Red Flag to the GDT? Part One
September 2021 - VDB Loi Cambodia Awarded Cambodia Tax Firm of the Year
August 2021 - New Regulation in Cambodia on Road Transportation Services Provided With the Use of Digital Technologies
July 2021 - Tax Amnesty on Undisclosed Income at Reduced Tax Rates
June 2021 - M&A Hot Issues
May 2021 - Phnom Penh Lockdown: Who Remains Open? Which Authorities Still Work?
April 2021 - Annual Audit of Personal Income Tax in the Lao People’s Democratic Republic (VDB Loi Insights)
March 2021 - New Tax Rules in Laos, Solar Bids in Cambodia, Expat Labor Rules Myanmar
February 2021 - What Is Different About Cambodia’s New Solar Project Tender? (VDB Loi Insights)
January 2021 - Laos: Key Changes to Secured Transactions
November 2020 - New Rules Issued for Unsolicited Projects in Myanmar
October 2020 - VDB Loi Celebrates Outstanding Asialaw Rankings (VDB Loi Insights
September 2020 - VDB Loi Crowned Tax Firm Of The Year For Third Time At The 2020 ITR Tax Awards
August 2020 - Challenging Times Ahead? What Lenders and Other Creditors Need to Know About Myanmar’s New Insolvency System
July 2020 - Loan Transactions In Southeast Asia: Getting Through The Challenging Times
June 2020 - How To Win at Myanmar’s Solar Tender, Part of COVID-19 Stimulus Package?
May 2020 - Do Employees Have the Right to Work Remotely? Questions on Labor Law Facing the Corona Virus Outbreak
April 2020 - Myanmar, Cambodia and Laos Facing the Pandemic Challenge
March 2020 - Project Bank (finally) published
February 2020 - Myanmar Approved FDI for 2019 in Power Sector: All Projects Selected VDB Loi as Advisor
January 2020 - The Impact of the 2019 Construction Law on Property Development in Cambodia
November 2019 - Can you sue a dissolved company? (VDB Loi Insights)
October 2019 - Myanmar Arbitration Update
September 2019 - Myanmar Passes New Law for Land Acquisition, Resettlement and Rehabilitation
August 2019 - How to Create a Tidal Wave of Foreign Investment in Electricity and Infrastructure? By These 5 Steps. (VDB Loi Insights)
July 2019 - Power Surge at MOEE
June 2019 - Myanmar About to Launch Power Barge Tender
May 2019 - VDB Loi Insights
April 2019 - VDB Loi Wins Law Firm of the Year
March 2019