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INSIGHTS THIS MONTH

March 2019

HIGHLIGHT OF THIS MONTH

VDB Loi Myanmar Wins the 2019 IFLR Most Innovative National Firm of the Year Award

Yangon, Myanmar (March 2019) – International Financial Law Review (IFLR) has announced the winners of the annual IFLR Asia-Pacific Awards. VDB Loi received the Most Innovative National Firm (Myanmar)...

IN THIS ISSUE

10 Frequently Asked Questions About the Myanmar Trademark Law 2019

[From our Telecommunication, Media and Technology Team]

Highlights of this note What kind of mark is registrable? Does the trademark law adopt a “first-to-file” or “first-to-use” system? Can I claim priority... 

Second chance to re-register your company before being struck off the registry

[From our Regulatory Team]

According to the recent Directorate of Investment and Company Administration (“DICA”) announcement issued on 8th March 2019, companies who missed the 31 January deadline now... 

Enactment of Specific Goods Tax regulations: more compliance requirements for producers?

[From our Taxation Team]

Although the Specific Goods Tax Law (“SGT Law”) which imposes Specific Goods Tax (“SGT”) on certain goods in Myanmar was enacted back in January... 

Cambodia Tax Alert: Additional Incentive for Qualified Investment Project

[From our Cambodia Office]

As seen recently, the Royal Government of Cambodia (“RGC”) has been making a number of improvements in the investment regime in order to attract... 

Cambodia Legal Alert: Deadline Fast Approaching for Work Permit Renewals

[From our Cambodia Office]

As you may be aware, according to the applicable regulations, employers of foreign employees are required to ensure that they obtain a work permit... 

RECENT VDB LOI WORK

VDB Loi was chosen by a leading travel and tour company to assist with its legal and tax compliance in preparation for an incoming offshore investment.

The Banking and Finance Team worked on a project related to the preparation of a template loan document for the issuance of subordinated debt. This follows a very recent issuance of a new CBM Subordinated Debt Directive No. (3/2019) dated 24 January 2019, which provides for detailed requirements for subordinated debt that can be included into supplementary capital or Tier 2 capital of a Myanmar bank.

Our firm’s expert tax consultants were chosen by one of Myanmar’s largest public companies this month. The team provided a review of the company’s accounting systems, compliance and tax obligations, as well as advice on restructuring.

Our Banking and Finance team continued to support the local microfinance industry in February, assisting with loans from two of Myanmar’s largest banks and several other offshore loans from development banks.

NEW MYANMAR LAWS AND REGULATIONS THIS MONTH

Newly enacted for the protection of Patents rights

Upgrading the old law of Protection and preservation of Cultural Heritage regions law and repealed the old law enacted in 1998

Newly enacted and replaced the old one of 2014

Newly enacted for the safety and the good health condition on different employment sectors

VDB LOI NEWS

VDB Loi’s support for Chin State investment

VDB Loi co-organized the Chin State Investment Forum this month at the Myanmar Convention Center in Yangon.   Myanmar’s Vice President U Myint Swe opened the event, and was joined...

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