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Editorial

Overview

The slow political transition in Myanmar has arguably disappointed many foreign investors, who would have liked to see their projects come to a smoother conclusion in the wake of a successful election. With the country still in dire need of power and telecoms infrastructure, the big players in the market are involved in the Myingyang or Shwe Tuang independent gas-fired power projects as well as telecoms network expansion or rollout programmes.

The government authorities remain a reliable client and provide a steady flow of work especially in the context of joint venture agreements with international entities looking to invest in projects in Myanmar. Offshore gas resources and LNG assets related matters generate a steady flow of work for firms including Herbert Smith Freehills LLP.

With the economy and political landscape looking increasingly stable, the traditional Japanese, Chinese and Korean investors – as well some new Western investors – are finding opportunities in the hospitality and tourism spaces where certain firms, such as DLA Piper, are leading advice on the construction and development of hotels and leisure facilities.

While most Myanmar practice groups continue to be led from Singapore, Tokyo or Hong Kong, Stephenson Harwood LLP is the latest example of a large international firm expanding into Myanmar by opening a local office and hiring Burmese talent.

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