Legal Framework
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.

Articles from this Chapter

Overview

In the details: An overview of recent reforms to the regulatory regime and updated rules for investors
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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,…

Viewpoint

Great strides: Cheah Swee Gim, Director, Kelvin Chia Yangon, on laws and regulations introduced since 2011
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Viewpoint:Cheah Swee Gim Following almost six decades of isolation, Myanmar reopened its doors in 2011. The country has since significantly modernised its legal system. The government has made concerted efforts to replace antiquated legislation that dates back to the British colonial era, plug legal loopholes, and build public awareness of the importance of laws and corporate social responsibility. Notably, the newly elected democratic government’s approach to legislation has been less…