Myanmar Law Updates

EU Lifts Economic Sanctions Against Myanmar

Posted by on Apr 25, 2013 in Myanmar Law Updates | Comments Off on EU Lifts Economic Sanctions Against Myanmar

EU Lifts Economic Sanctions Against Myanmar

On 23 April 2012 the Council of the European Union (Council) issued its conclusions on Burma/Myanmar from its 3159th Foreign Affairs Council Meeting which took place in Luxembourg.

read more

Letpadaung Investigation Commission Issues Final Report

Posted by on Apr 19, 2013 in Myanmar Law Updates | Comments Off on Letpadaung Investigation Commission Issues Final Report

Letpadaung Investigation Commission Issues Final Report

The Letpadaung Taung Investigation Commission (Commission) has issued its complete and final report (Report) into the Letpadaung Taung copper mining project (Project). The Letpadaung deposit is one of four significant mineralized deposits located in west central Myanmar; approximately 5 kilometres west of the town of Monywa situated 110 kilometres west of Mandalay and 832 kilometres north of Yangon.

read more

Myanmar Government Issues Offshore Bidding Invitation

Posted by on Apr 19, 2013 in Myanmar Law Updates | Comments Off on Myanmar Government Issues Offshore Bidding Invitation

Myanmar Government Issues Offshore Bidding Invitation

On 11 April the Ministry of Energy (MOE) of the Government of the Republic of the Union of Myanmar (Government) issued an Invitation for bids to conduct petroleum operations in the Myanmar offshore areas (2013) (Offshore Bidding Invitation) in relation to both shallow and deep water blocks. The issuance of the Offshore Bidding Invitation follows on from the recently closed onshore bidding process (Onshore Bidding Invitation) following which 59 companies were shortlisted for a second round evaluation and data disclosure. The closing date for submissions is 14 June 2013. Of the 11 shallow water blocks, 3 are located in the Rakhine offshore area, 2 in the Moattama offshore area and 5 in the Tanintharyi offshore area. Of the 19 deep water blocks, 12 are located in the Rakhine offshore area, 3 in the Moattama offshore area and 4 in the Tanintharyi offshore area.

read more

Myanmar Foreign Investment Law Implementing Rules

Posted by on Mar 9, 2013 in Myanmar Law Updates | Comments Off on Myanmar Foreign Investment Law Implementing Rules

Myanmar Foreign Investment Law Implementing Rules

On 31 January, 2013 the Ministry of National Planning and Economic Development of Myanmar released new detailed regulations to augment the 2012 Myanmar Foreign Investment Law (FIL). The regulations are comprised of two separate notifications, Notification 1/2013 and Notification 11/2013 (together the Investment Rules).

read more

New Myanmar Foreign Investment Law Enacted on 2 November 2012

Posted by on Nov 22, 2012 in Myanmar Law Updates | Comments Off on New Myanmar Foreign Investment Law Enacted on 2 November 2012

New Myanmar Foreign Investment Law Enacted on 2 November 2012

On 2 November 2012 Myanmar’s President Thein Sein endorsed the country’s new Foreign Investment Law (FIL). The introduction of the FIL is good news for potential investors and came in the same week in which the World Bank pledged $80 million in aid. The law was introduced just a few weeks prior to the visit of U.S. President Barack Obama who stated that Myanmar was taking “its first steps on what will be a long journey” and that the process of democratic and economic reform could “lead to incredible development opportunities.”

read more
Terms of Use     Privacy     Hyperlink Policy