In recent years, remarkable reforms have been made to Myanmar’s legal, social, and economic commitments. The government has specifically focused on the liberalization of the market and the promotion of foreign direct investment—highlighted, for instance, by the Myanmar Investment Law (2016), and the Myanmar Companies Law (2017). The World Bank is projecting 6.5 percent growth in GDP in 2018–19, reflecting broad-based economic growth in the country.
Investors exploring the unique economic opportunity in Myanmar are also facing singular challenges. It is vital for potential investors to be aware of the potential risks of exposure to corrupt or fraudulent practices, and of their compliance obligations.
Nwe Oo, a senior attorney-at-law in Tilleke & Gibbins’ Myanmar office, and Sher Hann Chua, a consultant in Tilleke & Gibbins’ Thailand and Myanmar offices, address these issues and more in the Myanmar chapter of Asia-Pacific Investigations Review 2020, a guide to the important issues in internal and government investigations across the Asia-Pacific, published by Global Investigations Review.
In particular, the Myanmar chapter covers anti-corruption compliance, as well as private corruption, enforcement mechanisms, anti-corruption laws, and the impact of international anti-corruption laws in Myanmar.
The chapter, extracted from the 2020 edition of Asia-Pacific Investigations Review, is available as a PDF below. The whole publication is available at the Global Investigations Review website.