On February 1, 2021, the Myanmar military declared a state of emergency in the country and took control of the government, arresting State Counsellor Aung San Suu Kyi, President Win Myint, and other senior government officials from the National League for Democracy. The seizure of power, and the government’s subsequent actions to suppress public protest and dissent, have received widespread international condemnation.  The USA, Canada, and the UK have reacted by imposing economic sanctions on certain companies and individuals, and more sanctions are expected as the situation in Myanmar evolves. These sanctions pose a major concern for foreign investors with interests in Myanmar—concern which is exacerbated by the lack of clarity about the current situation on the ground. To address these issues, Lex Mundi is bringing together leading legal authorities on the topic from Myanmar, Canada, the United States, and the United Kingdom for a special webinar on March 23, 2021. The speakers, which include Tilleke & Gibbins counsel Ross Taylor, will discuss the situation on the ground in Myanmar; how the sanctions imposed this time differ from previous restrictions on Myanmar under earlier regimes; the impact of the sanctions imposed by each country; and the practical impact of sanctions on companies with operations in or relating to Myanmar. The session will be followed by a Q&A with all speakers, where attendees will be able to address any specific queries they might have. For more details and to register for this free webinar, please visit the event information page.

On February 26, 2021, Yuwadee Thean-ngarm was the moderator for a finance- and technology-focused online discussion on the current situation in Myanmar, organized by the Thai Business Association (TBAM). She was joined by three distinguished panelists: Chana Sindhvananda, minister counsellor from the Royal Thai Embassy in Yangon; Nuttaphong Visitkitchakarn, chief representative from Kasikornbank PCL’s Yangon office; and Passakorn Hongsyok, general manager of Myanmar Information Highway Ltd. Together, they discussed how banking and finance operations, technology and social media usage, and Thai citizens’ daily lives are faring during the current political turmoil in the country. The Thai-language event, which was streamed live on Facebook, provided valuable practical business insights that have been difficult to find amid the intense interest and speculation on political developments since the military took power in February 2021. The speakers’ insights included detailed information on how banking activities are functioning during this time, the various government orders causing fluctuations in the availability of internet and social media services, and how the Thai government is caring for its citizens in Myanmar and keeping abreast of the situation. The recording of the discussion is available on the TBAM website.

On March 3, Varapa Aurat, head of Tilleke & Gibbins’ tax team in Bangkok, will deliver a webinar entitled “Tax 101: What E-commerce Startups Need to Know.” The webinar, cohosted by Tilleke & Gibbins and True Digital Park—one of Southeast Asia’s largest tech and startup hubs, will give Thai small business owners an opportunity understand local tax regulations to help them ensure their operations are compliant. During the hour-long session, Varapa will provide an analysis of key tax laws in Thailand that Thai companies should be aware of, including an overview of common pitfalls for small business owners. She will also lead a discussion on whether recent amendments to the Revenue Code to impose VAT on e-services will have an impact on local operators. The webinar will be broadcast via Facebook Live on Wednesday, March 3, from 6:30 to 7:30 p.m. In order to register for this session, which will be presented in Thai, please visit the event page on Tilleke & Gibbins’ Facebook page. Should you have any questions or require any further information, please send an email to [email protected].

As the implementation of Thailand’s Personal Data Protection Act looms, Tilleke & Gibbins joins forces with Bird & Bird Data Privacy Solutions to look at the data protection officer requirement, and what lessons can be learned from the European experience with the GDPR.