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Myanmar Law Updates

Myanmar’s New Industrial Zone Law

Myanmar’s New Industrial Zone Law

A summary of the newly enacted Industrial Zone Law in Myanmar and the key sections of the legislation and an overview of the development of the industrial sector in Myanmar.

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New Myanmar Companies Law sent to parliament for final approval

New Myanmar Companies Law sent to parliament for final approval

On 5 January 2017, the new Myanmar Companies Law (MCL) was approved by the Myanmar Government. The MCL was drafted by the Department of Investment and Company Administration (DICA) of the Ministry of National Planning and Economic Development with the assistance of the Asian Development Bank. The draft legislation has now been forwarded to Myanmar’s parliament (the Pyithu Hluttaw) for final approval. The Government has stated its intention to pass the draft legislation into law by the end of March 2017

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2015 Mines Law – a step in the right direction for Myanmar’s mining industry

2015 Mines Law – a step in the right direction for Myanmar’s mining industry

On 24 December 2015 Myanmar’s parliament (the Pyidaungsu Hluttaw) passed Law No. 72 ‘An Act Amending the Myanmar Mining Law’ (2015 Mines Law). The 2015 Mines Law amends Myanmar’s outdated 1994 Mines Law. The Government first announced its intention to amend the 1994 Mines Law in 2012. The protracted delay in introducing amending legislation has contributed to a stall in foreign direct investment (FDI) in mining in Myanmar. Mining FDI was just US$6.26 million in the year ended 31 March 2015. By comparison US$3.22 billion was invested in Myanmar’s oil and gas industry over the same period.

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