As the exclusive Vietnam member firm of Multilaw, a leading global network of independent law firms, Tilleke & Gibbins contributed the Vietnam section to the network’s Enforcement of Foreign Judgments Guide, which details regimes for enforcing foreign judgments in 74 jurisdictions worldwide.

As the exclusive Thailand member firm of Multilaw, a leading global network of independent law firms, Tilleke & Gibbins contributed the Thailand section to the organization’s Multilaw Enforcement of Foreign Judgments Guide, which details regimes for enforcing foreign judgments in 74 jurisdictions worldwide.

The latest update to the Myanmar chapter of Thomson Reuters’ Practical Law guide to insurance and reinsurance has been published, written by legal practitioners from Tilleke & Gibbins’ Yangon office. The guide presents a Q&A-style overview of insurance and reinsurance laws and practices in major jurisdictions around the world. The Myanmar chapter of the guide was written by Ross Taylor, counsel; Yuwadee Thean-ngarm, director of the firm’s office in Myanmar; and Nwe Oo, attorney-at-law. The chapter provides information on the following subjects:

On November 2, 2020, it was widely reported by Thai media that Thailand’s Department of Business Development (DBD) has drafted ministerial regulations that would remove telecommunications, treasury center activities, and software development businesses from List 3 of the  Foreign Business Act (FBA). If enacted, these regulations would effectively mean that foreign entities (such as a foreign-majority-owned company) would no longer need to obtain permission from the DBD’s director-general and the Foreign Business Commission before engaging in these activities.

Many Thai and international companies have expanded rapidly into Myanmar in recent years, in what had seemed to be an unstoppable expansion of cross-border trade resulting from the country’s emergence back onto the global stage. For those companies, the COVID-19 situation in Myanmar has been a cause for much concern and uncertainty—doubly so for those who had hired staff in the jurisdiction, as a lack of clarity regarding their obligations as employers was compounded by a lack of information on the situation on the ground.

Thailand’s Official Receiver recently issued an important announcement relevant to all existing or potential creditors of Thai Airways International Public Company Limited (“Thai Airways International”). The announcement details the Central Bankruptcy Court’s Order for rehabilitation of Thai Airways International and was published in the Royal Gazette on October 2, 2020.

On 27 June 2020, Cambodia issued the new Law on Anti-Money Laundering and Combating the Financing of Terrorism (‘the 2020 AML/CFT Law’), that abrogates both the 2007 law of the same name and the 2013 sub-decree that accompanied the former law. All other laws relevant to AML will remain in effect. Jay Cohen, Sochanmalisphoung Vannavuth, and Robin Spiess, of Tilleke & Gibbins International Ltd., provide an overview of the 2020 AML/CFT Law, and how it differs from the 2007 in areas such as definitions and penalities.

On August 12, 2020, the amended Law on Land No. 70/NA, dated June 21, 2019 was published in the Official Gazette  of the Lao Ministry of Justice, replacing the previous amendment of the law from 2003. The new law introduces significant changes to the country’s current real estate regulatory framework, and provides legal means to boost investment in and development of the country’s real estate sector.