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Myanmar legal developments

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...

Christian Schaefer, Anthony Raven, Michael Aldrich, Crispin Rapinet, Henry Wheare.

Investment in Indonesia’s mineral refining and processing sector: value-added regulations and industrial policy

Indonesia - July 31 2012 On 6 February 2012, Indonesia’s Minister of Energy and Mineral Resources promulgated Regulation No. 7 of 2012 on increasing the value of minerals through the activities of mineral purification and processing....

James Harris, Justin Patrick.

Foreign exchange reform

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....

Lourdes Catrain, Mark S. McConnell, Anthony Raven, Michael Aldrich.

Opening the market for foreign banks

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....

Lourdes Catrain, Mark S. McConnell, Anthony Raven, Michael Aldrich.

Revision to the Myanmar Foreign Investment Law of 1988

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....

Mark S. McConnell, Anthony Raven, Michael Aldrich, Lordes Catrain.