The government’s effort to update and streamline its foreign and domestic investment laws has finally been achieved with the enactment of the Myanmar Investment Law (MIL) in October 2016. Apart from extending automatic investment protections to citizen and foreign investments, which cover a range of asset classes including shares and property, the MIL also introduces a new regulatory mechanism allowing investors to enjoy additional investment benefits, such as the capacity to enter into long-term…
From The Report: Myanmar 2017
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This chapter examines Myanmar’s legal system, focusing on the new investment law that is set to enhance the business climate, the extension of investment protections and benefits, a mobile financial services bill, and updates to several key labour laws.
It also contains a viewpoint from Cheah Swee Gim, Director, Kelvin Chia Yangon.