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ARTICLE · 05 JANUARY 2013

Ensuring Contractual Legitimacy In Burma to Avoid Investment Risks

Companies investing in Burma should research their partners' financial promises as well as their political connections.

AustraliaInternational Law

While the use of financial and commercial sanctions has intensified significantly over the last couple of years, with restrictions on trade with a number of countries becoming increasingly strict as tensions mount, the International Community has also shown itself ready to react rapidly where regimes take positive steps towards reform. In Burma, the recent suspension of sanctions has allowed EU and US companies to return in earnest. However, awareness is needed that both the EU and US may take a tougher line than the rest of the World if they do not see the progress they expect in the country. If the recent sectarian violence between Buddhists and Muslim Rohingyas in western Burma have not yet altered Brussels and Washington's views on sanctions, they defiantly took the international community by surprise.

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