Legal Framework
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.

Articles from this Chapter

Overview

Fine tuning: Moves to reshape the investment framework continue
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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…

Viewpoint

Crossing the frontier: Cheah Swee Gim, Director, Kelvin Chia Yangon, on changes to the legal landscape aimed at boosting foreign investment
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Viewpoint:Cheah Swee Gim A series of exhilarating changes took place in Myanmar in 2016, from the installation of a new democratic government in April 2016 with Daw Aung San Suu Kyi at the helm to the lifting of two decades of economic and financial sanctions by the US. Changes are not just taking place in the political sphere. The legal landscape is also keeping pace, with game-changing legal reforms promulgated in 2016. The Myanmar Investment Law, which was passed on October 18, 2016, consolidates…