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Myanmar - March 1 2013
In our Client Alert dated 5 April 2012, we reported on legal and political developments in Myanmar in light of the national byelections that won Daw…
Myanmar - April 5 2012
The Central Bank of Myanmar announced that, on 1 April 2012, it has adopted a managed floating exchange rate for the national currency, the kyat (pronounced “chat”), that will allow for market forces to determine the value of the kyat while allowing the Central Bank some flexibility in influencing the exchange rate.
Myanmar - April 5 2012
During our partners’ visit, government officials, lawyers and business people mentioned that the government is further considering enacting legislation that will permit the establishment of foreign banks’ joint ventures and branches.
Myanmar - April 5 2012
Despite media reports about Myanmar considering an entirely new draft law for foreign investment, existing practice set out in the Myanmar Foreign Investment Law of 1988, the Procedural Regulation for the Myanmar Foreign Investment Law of 1988, and even older statutory authority will continue to be the main framework for foreign investors seeking to establish a business presence in Myanmar.
European Union, Myanmar, USA - April 5 2012
The U.S. Government has imposed a number of restrictions that affect the ability of “U.S. persons” to conduct business with, or engage in commercial transactions involving, Myanmar through a complex web of executive orders, federal laws and related regulations.
