Myanmar Rolls out a Tax Amnesty, but How Helpful Will It Be?

BY Asian Legal Business |

With a view to firming up its informal economy, enhancing its business legitimacy and courting investment, Myanmar unveiled a new tax amnesty scheme through its Union Tax Law 2019, which was passed in September.

Myanmar’s KBZ Bank hires U.S. lit firm following damning UN report

BY Aparna Sai, Reuters |

Kanbawza Bank Group (KBZ), one of Myanmar’s most lucrative private banks, has tapped U.S. litigation firm Williams & Connolly to represent it after a recent UN report suggested it was involved in the funding of a “genocidal” campaign against the Rohingya minority.

Korea’s Yulchon in collaboration arrangement with ZICO Law Myanmar

BY Aparna Sai |

ZICO Law Myanmar, the Yangon-based member of the ZICO Law network, has entered into a collaboration with Korea’s Yulchon in order to serve Korean clients in Myanmar and vice-versa.

Asia Appointments: Week of September 10

BY Rowena Muñiz |

Walkers adds another senior lawyer in Hongkong from Maples and Calder, former Myanmar attorney general joins Duane Morris, and much more in this week’s Asia Appointments table.

Duane Morris hires ex-Myanmar atty general as senior mentor emeritus

BY Aparna Sai |

Duane Morris & Selvam has hired Tun Shin, a former attorney general of the Republic of the Union of Myanmar, as senior mentor emeritus in the Yangon office. He is expected to guide the firm’s lawyers in a consultant role.

ASEAN Legal alliance sets up representative office in Myanmar

BY Aparna Sai |

ASEAN Legal Alliance (ALA), a network of ten law firms in Southeast Asia, has opened a representative office called Lex Alliance Advisory Limited (LAA) in Yangon, Myanmar.

BLP to close Myanmar office citing lack of work

BY Ranajit Dam |

Berwin Leighton Paisner is closing its office in Yangon, Myanmar, due the lack of an adequate flow of local work.

Allen & Gledhill advises on first ‘true’ IPO in Myanmar

BY Ranajit Dam |

Singapore Big Four law firm Allen & Gledhill has represented Myanmar’s TMH Telecom on its initial public offering on the Yangon Stock Exchange (YSX).

New Law, New Era

BY John Kang |

Myanmar’s long-awaited new companies law might have hit an unexpected delay, but when it is finally enacted, it will be a watershed piece of legislation benefiting local companies and foreign investors alike.

[ALB Insights] Bootstrapping tales; or how to launch a foreign law practice in Myanmar

BY Raj Gunashekar |

Even as economic conditions improve in Myanmar, the Southeast Asian country remains a difficult place to open an office, given the poor infrastructure and paucity of qualified talent. Raj Gunashekar speaks to international law firms about the challenges they faced in launching a Myanmar branch.

Dentons gets Myanmar foothold via Livingstons Legal takeover

BY Raj Gunashekar |

As part of its expansion into Southeast Asia, Dentons has taken over Yangon-based boutique corporate firm Livingstons Legal, creating Dentons Myanmar.

[ALB Insights] Even as Myanmar’s investment star wanes, law firms remain optimistic

BY Raj Gunashekar |

Myanmar has seen its foreign direct investment drop sharply in the past year as investors adopt a wait-and-see approach following the last election. However, law firms remain undeterred about the country’s prospects after democratisation.