On 27th September 2016, the Foreign Bank Licensing Committee (“FBLC”) under the Central Bank of Myanmar (“CBM”) granted approval for two foreign banks, the State Bank of India and E Sun Commercial Bank Ltd. of Taiwan for commencing operations from 3rd October 2016. Foreign Banks with Current Licenses As of October 2016, 13 foreign banks… Read More
The Ministry of Natural Resources and Environmental Conservation (the “Ministry”) is in charge of issuing gemstone production permits and determining the areas within the gemstone tract where gemstone can be extracted as gemstone blocks. The Ministry has announced in late August 2016 that it will not renew the existing permits for gemstone production following their… Read More
The Securities and Exchange Commission of Myanmar (“SEC”) has reminded the YSX companies of their obligations to submit their annual financial reports within three months of the end of their financial year. In Myanmar, the financial year starts from the 1st of April and ends on the 31st of March. According to Section 71 (b) of the Securities… Read More
On August 28th 2015, the President U Thein Sein signed the first-ever broadcasting law in Myanmar, opening the television market to the private sector. The Broadcasting Law 2015 (the “BL”) sets up the legal framework for the development of the Myanmar broadcasting industry. Commercial licenses for TV or radio will be available for bidding and an independent supervisory authority… Read More
Naddaporn holds an LL.M. in international commercial and business law from the University of East Anglia and an LL.B. in business law (2nd Class Honours) from Chulalongkorn University. She is a member of the Lawyers Council of Thailand and the Thai Bar Association. Naddaporn is a notarial services attorney. She specializes in laws on corporate,… Read More
Usa holds an M.A. in economics law from Chulalongkorn University and an LL.B. (2nd Class Honours) in business law from Chulalongkorn University. She is a member of the Lawyers Council of Thailand and the Thai Bar Association. Usa is a notarial services attorney. She started working at LawPlus in May 2007. She has extensive experience… Read More