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February 1, 2024

Lexology Panoramic: Foreign Investment Review 2024 – Myanmar

Nwe Oo and Aye Thuzar Hlaing, senior associates in Tilleke & Gibbins’ office in Yangon, contributed an updated Myanmar chapter to the recently published Foreign Investment Review 2024, a global guide to the legal and regulatory environment for foreign investment in 27 jurisdictions worldwide. Published and distributed by Lexology Panoramic, the guide discusses law and policy on oversight of foreign investment, regulatory frameworks, procedural requirements, and other important concerns for foreign investors.

The Myanmar chapter covers the following topics:

  • Law and Policy: Government policies and practices, main laws and their scope of application (including details on investment promotional measures), definitions, rules for state-owned enterprises and sovereign wealth funds, relevant authorities and oversight, and national interest provisions.
  • Procedure: Jurisdictional thresholds, national interest clearance, securing approval, the review process for competition clearance and associated penalties, involvement of authorities, facilitation of clearance, and post-closing regulatory powers.
  • Substantive assessment: Substantive tests for clearance, authorities’ consultation with other countries and other relevant parties, transactional prohibitions and objections, mitigating arrangements and challenges to a decision, and protection of confidential information.
  • Recent cases, updates, and trends: Relevant recent case law, key recent and ongoing developments.

A PDF of the Myanmar chapter can be downloaded through the button below.

Tilleke & Gibbins also contributed the Cambodia, Laos, and Vietnam chapters to Foreign Investment Review 2024. Readers can also gain 30 days of complementary access to the full Foreign Investment Review 2024 guide and the rest of Lexology Panoramic’s varied offerings through this link.