King & Spalding (JD Supra Myanmar/Burma)

In May, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the Burmese Sanction Regulations, and the U.S. Department of State (State) proposed revisions to the Burma Responsible Investment Reporting Requirements, both of which would open up opportunities for trade, investment, and residence in Burma (also known as Myanmar) by U.S. persons.