Myanmar

Switzerland: Swiss Sanctions Update: Sanctions Against Myanmar/Burma

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On March 31, 2021, the Swiss government amended the list of individuals in Annex 1 to the Ordinance on Measures against Myanmar/Burma. Eleven individuals responsible...

United Kingdom: UK announces further Myanmar restrictions

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On 25 March 2021, the UK Government announced further measures targeting the Myanmar regime, adding Myanmar Economic Holdings Public Company Ltd (MEHL) to the Global Human Rights...

UK targets second Myanmar military conglomerate

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On 1 April 2021, the UK government announced additional measures targeting the Myanmar regime’s economic interests. Further to the 25 March 2021 announcement targeting Myanmar Economic Holdings Ltd...

EU Sanctions on Myanmar Expected to be Announced on March 22 2021

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The EU is reportedly set to approve its first round of sanctions against officials responsible for the military coup in Myanmar on 22 March...

European Union: EU imposes sanctions on 11 individuals related to Myanmar military coup and...

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Further to our previous blog post, the EU has responded to the recent military coup in Myanmar with restrictive measures on eleven individuals.This adds to pre-existing restrictive...

Webinar Invitation | Doing Business in Myanmar in the Midst of New Sanctions –...

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Recent political developments in Myanmar have led to the imposition of targeted sanctions by the US, UK and EU in the past month. As...

Malaysia: Refines its Service Tax on Imported Digital Services

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In briefMalaysia caught up with the global trend of taxing cross-border supplies of digital services by introducing a 6% service tax on imported digital...

Myanmar COVID-19 Updates: Temporary Relief for Companies from the Residency Requirements of Directors

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Following the various entry restrictions put in place by the Myanmar authorities since March 2020 to address the COVID-19 situation, many residents who left the country prior to the imposition of the travelling restrictions have yet to return to the country. As some of these individuals fulfil the role of resident directors of Myanmar-incorporated companies, their prolonged absence from the country could result in the company being in breach of the minimum residency requirement imposed on the directors of Myanmar companies under the Myanmar Companies Law ("MCL").On 20 October 2020, the Directorate of Investment and Company Administration ("DICA"), announced, via Notification 92/2020 ("Notification 92"), a temporary relief for companies from the resident director requirements. It does so by excluding the period from 29 March 2020 until the official lifting of entry restrictions from the computation to determine a director's residency status.

Myanmar: COVID-19 Updates – New Stay-at-Home Orders and Mandatory Quarantine for Nay Pyi Taw

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Following a significant increase in COVID-19 transmissions in recent weeks, the relevant Myanmar authorities have promptly issued additional notifications on top of existing directives to address the developing COVID-19 situation in Myanmar, notably on:  Stay-at-home Orders affecting 7 Townships in Yangon; and Mandatory Quarantine and Testing for visitors/residents travelling to Nay Pyi Taw.

Myanmar: The COVID-19 Economic Relief Plan

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In brief In an effort to meet the current exigencies faced by Myanmar as a result of the COVID-19 pandemic, the Myanmar Government had, on...
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