In 2017 the Myanmar government continued its efforts to update and streamline the country’s legal framework. The long-awaited Companies Law has been enacted and is expected to greatly modernise the corporate regulatory regime, bringing it in line with international best practices. The Myanmar Investment Rules (MIR) of 2017 have also been issued, implementing the Myanmar Investment Law (MIL) of 2016. In addition, there have been several further updates to a number of laws and regulations,…
From The Report: Myanmar 2018
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This chapter gives an overview of Myanmar’s legal system, examining recent developments such as the New Companies Law. This section also outlines investment rules and incentives for foreign input, as well as a new banking regulation enabling the formation of a credit bureau. It also contains a legal framework viewpoint from Cheah Swee Gim, Director, Kelvin Chia Yangon.