Myanmar

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...

Asia Pacific: Webinar: COVID-19 and Supply Chains: Navigating the Immediate, Changing, Mid- and Longer-Term...

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In continuation of Baker McKenzie's Asia Pacific webinar series on the business impact of COVID-19, we bring you another panel of legal practitioners to...

Asia Pacific Regional Employment Update: COVID-19

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Following the release of the Asia Pacific regional update on COVID-19 in February, the Asia Pacific Employment & Compensation team has prepared a special...

Vietnam: New Investment Agreement Between Hong Kong and ASEAN Provides Investment Protection and Guarantees...

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The Agreement on Investment among the Governments of the Hong Kong Special Administrative Region of the People’s Republic of China and the Member States...

Global Legal Guide for Luxury & Fashion Companies

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Despite geopolitical shifts, uncertainty and various factors that seem to affect numerous sectors, the global luxury and fashion industry has tripled in the last...

Foreign Companies Allowed to Operate Insurance Business in Myanmar

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On 2 January 2019, the Ministry of Planning and Finance issued an announcement (Announcement No. 1/2019) inviting local and foreign companies to submit expressions...

Myanmar: The President Office Issues Project Bank Notification Aiming to Stimulate Public Private Partnerships...

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Development of the Project Bank Under the Notification issued on 30 November 2018, a project bank (Project Bank) will be established by the Ministry of...

Next Step for Myanmar Competition Law: The Competition Commission

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Appointment of the Competition Commission The long-awaited Myanmar Competition Commission (Commission) has been appointed. Notification 106/2018 of the Union Government released on 31 October 2018...
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