JD Supra Myanmar/Burma

Publisher:
JD Supra
Publication date:
2019-04-29

Publisher

Latest documents

  • Burma Sanctions and Export Licensing Prohibitions Implemented in Response to Military Coup

    Recently, on April 9, 2021, the US Commerce Department’s Bureau of Industry and Security (BIS) adopted new restrictions targeting Burma by applying Export Administration Regulations’(EAR’s) military-intelligence end-use and end-user controls.

  • U.S. Commerce Department announces additional export controls on Burma

    On 4 March 2021, the Department of Commerce's Bureau of Industry and Security (BIS) announced that it would impose additional export controls measures on Burma, adding to measures already taken by the Biden administration in response to the Burmese military’s 1 Feb 2021 coup.

  • 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 and participants in the financial sector in Myanmar more generally. This bulletin summarises the new legislation and sets out the specific impacts on business. Please see full Publication below for more information.

  • 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 legislative, administrative and judicial power to Senior General Min Aung Hlaing, the Commander-in-Chief of Myanmar’s armed forces. Please see full Publication below for more information.

  • U.S. imposes new sanctions and export controls on Burma

    On 11 February 2021, President Biden issued Executive Order 14014 "Blocking Property with Respect to Burma" (EO), which authorizes the imposition of sanctions on specific persons or entities in Burma, including Burmese military and Government of Burma entities.

  • Myanmar Postcard

    Further relief for Myanmar hotels - exemption on licence fees and deferment of land lease payments - The hotel and tourism sector in Myanmar and across the globe has been severely affected by the COVID-19 pandemic. Since 19 March 2020, Myanmar has closed all land borders with its neighbouring countries and from 31 March 2020 to 15 May 2020, all international commercial passenger flights are banned from landing in Myanmar.

  • Myanmar Government introduces its COVID-19 Economic Relief Plan

    Myanmar Government introduced its economic relief plan which sets out the proposed actions to be undertaken and actions already effected by the Myanmar Government and the ministries. The economic relief plan is intended to be a living document and further details and revisions are expected over the coming weeks.

  • Burmese denim supplier violated several basic safety requirements

    Report on Supply Chain Compliance 3, no. 5 (March 5, 2020) - ??????A major supplier of denim to global brands had extremely poor safety measures in place, which were exposed after a deadly fire raged through the factory Feb. 8, 2020. International brands immediately distanced themselves from the company, Nandan Denim, claiming they sourced little or no denim from the burned-out factory.

  • Be Prepared: New Trademark Law in Myanmar Will Eliminate Cautionary Notices

    Under Myanmar’s new law, any existing Cautionary Notices must be refiled as trademark applications within the first few months of 2020 or risk losing their priority.

  • Ensuring your contracts are enforceable in Myanmar (Japanese)

    Contracts form the backbone of all commercial transactions, and can be a useful instrument to safeguard your commercial and legal interests.

Featured documents

  • OFAC Authorizes the Exportation of Financial Services to and New Investment in Myanmar

    On July 11, 2012, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) issued two general licenses lifting long-standing sanctions against Myanmar. The licenses were issued in response to historic reforms that have taken place in the country over the past year, the details...

  • 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. It was signed by the President on 18 October 2016. The aim of the...

  • A Guide to Myanmar Labour Policies

    Requirement for written employment contracts - Under section 5(a) of the Employment and Skills Development Law 2013, companies must enter into written employment contracts with all its employees within 30 days of employment. However, we strongly recommend entering into employment contracts...

  • The New Foreign Direct Investment Law in Burma (Myanmar): The Tiger Sniffs

    Burma’s Hluttaw, or Parliament, passed a new Foreign Direct Investment Law on September 7. Few details on the legislation are yet available, and we have seen only partial translations, although the final version reportedly is preferable to its draft predecessor. President Thein Sein has not yet...

  • Myanmar’s Yangon Stock Exchange to Establish Blockchain-based Stock Exchange

    Daiwa Securities Group, a Tokyo-based securities brokerage, will be working with Myanmar’s Yangon Stock Exchange (YSX) to establish a Blockchain-based stock exchange by integrating Daiwa’s equity trading into the Yangon exchange platform. Daiwa and YSX are currently testing the Blockchain platform ...

  • 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 election, which will be its third since the country’s reintroduction of free...

  • Update on U.S.-Myanmar Relations: The Thaw Continues

    As we have reported in recent months, the United States consistently has been taking steps to expand diplomatic and commercial relations with Myanmar. And in recent weeks, that effort has continued. ...

  • 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 Myanmar Investment Law, which came into force on 18 October 2016 (the...

  • Ensuring your contracts are enforceable in Myanmar (Japanese)

    Contracts form the backbone of all commercial transactions, and can be a useful instrument to safeguard your commercial and legal interests....

  • Protect Your Intellectual Property Rights in Myanmar/Burma – Key Steps to Take Now

    With the relaxation of sanctions regimes around the world in 2012, Myanmar (also known as Burma) offers opportunities for both small businesses and the largest and most recognized companies around the world. Large or small, companies are finding that Myanmar’s intellectual property (IP) laws...

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