24 results found

On May 30, 2024, the Department of Trade (DOT) under Myanmar's Ministry of Commerce (MOC) issued two measures tightening restrictions on the arrival and storage of imported goods...

The Directorate of Investment and Company Administration of Myanmar has announced that the governments of Singapore and Myanmar have commenced negotiations in August 2017...

On July 11, 2012, President Obama issued an Executive Order, and the Department of the Treasury, Office of Foreign Asset Control (OFAC) issued two General Licenses (GL-16 and GL-17), authorizing both the export of financial services to Burma and "new investment" in Burma, both of which were previously prohibited by the Burmese Sanctions Regulations.

On July 27, 2022, Myanmar's Ministry of Commerce (MOC) issued Newsletter No. 8/2022 to effectively ban foreign companies and foreign joint ventures from exporting value-added beans, corn, and sesame.

Myanmar's decision to accede to the New York Convention is a positive sign for foreign investors and resources companies contemplating doing business in the State.

On October 31, 2022, the Department of Trade in Myanmar's Ministry of Commerce announced that payments for importation at the border are to be made via bank transaction.

On April 2, one day after its Parliamentary by-elections, Burma (Myanmar) floated its currency, the kyat.

In this update, Myawaddy, Tachileik, Myeik, Kawthoung, Mawtaung, and other approved border trading zones are identified as open to the THB-MMK mechanism.

The Department of Trade under Myanmar's Ministry of Commerce (MOC) issued a schedule of revised service fees for trade-related services, effective October 15, 2025.

On 17 December 2013, Myanmar officially became a member of MIGA, the 180th country to do so.

On January 30, 2019, Myanmar's Parliament, known as the Assembly of the Union, passed the long-anticipated Myanmar Industrial Design Law ("IDL"). The rules governing its implementation were made...

Myanmar's Customs Department issued an internal order reducing customs duty on imports of semi-knocked-down (SKD) and completely knocked-down (CKD) vehicle systems effective for the period...

Up until very recently, the legislation that governed arbitrations in Myanmar was the antiquated Arbitration Act 1944.

The recent adoption by Myanmar’s Parliament of the long anticipated Foreign Investment Law (FIL) is expected to result in more favorable ground rules for foreign companies planning to invest in Myanmar.

Myanmar's Ministry of Finance and Revenue has introduced revised procedures governing the importation and exportation of goods and vehicles, replacing the 2017 framework with updated compliance requirements and penalties. The new notification establishes stricter regulations for both importers and exporters, covering licensing, declarations, product specifications, and introduces separate penalty schedules for violations.

Further to our Legal Update dated 9 November 2012 ("Myanmar's Foreign Investment Law: Summary of Amendments"), we have now had sight of an unofficial translation of the long-awaited new Foreign Investment Law, signed into law by President Thein Sein on 2 November 2012.

We have now seen an unofficial translation of the long-awaited new Foreign Investment Law, signed into law by President Thein Sein on 2 November 2012.