The National League for Democracy government has brought remarkable reforms to Myanmar’s legal, social, and economic commitments over the past year. The government has specifically focused on the liberalization of the market and the promotion of foreign direct investment—highlighted by the Myanmar Investment Law (2016) in October 2016, and the new Myanmar Companies Law (2017) in December 2017.
These reforms, as indicated by a steady growth in investment and foreign operators in the jurisdiction, give investors a unique economic opportunity in one of the last true remaining frontier economies. However, in entering such a jurisdiction, it is vital for potential investors to be cognizant 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 The Asia-Pacific Investigations Review 2019 , 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 is available to download in full below.