Myanmar’s Insurance Business Regulatory Board has recently announced a program of reform for Myanmar’s insurance sector, expected to allow foreign insurers to do businesses in Myanmar in the very near future.
The program of reforms is expected to open the following activities, among others, and within limited conditions, to foreign insurers:
Sale of life and non-life insurance policies to...
Investment by Thai companies in Vietnam is surging over recent years, especially after several major M&A deals in the last few years in the beverage, retail and other sectors. However, Thai companies, as well as all foreign investors in Vietnam, should be aware of some common pitfalls in regard to Vietnamese employment law.
Termination of Employees
One important point that new investors...
In May 2018, Myanmar’s Ministry of Commerce (MoC) issued Directive 25/2018 (the Directive), allowing 100% foreign owned companies, as well as joint venture companies established between Myanmar citizens or companies and non-Myanmar citizens or companies, to conduct retail or wholesale businesses in Myanmar, subject to various minimum capital requirements and operational restrictions. Very...
On June 12, 2018, Vietnam passed a new Law on Competition that will take effect on July 1, 2019, replacing the Law on Competition of 2004. The new law brings about several changes affecting intellectual property. Notably, it eliminates many of the discrepancies between the current 2004 Competition Law and the Intellectual Property Law in dealing with IP-related unfair competition.
Acts of...
Despite wide concern from inside and outside the country, and even after a request for postponement from 13 Vietnamese technology associations, Vietnam’s new Law on Cybersecurity was finally adopted by the National Assembly on June 12, 2018, after more than a dozen drafts and wide debate in the business and government sectors. The Cybersecurity Law will come into effect on January 1, 2019.
The...
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