On March 27, 2020, the National Bank of Cambodia (NBC) issued a directive to all banks and financial institutions to restructure loans in order to maintain financial stability, support economic activity, and ease the burden of debtors facing major revenue declines who may find it difficult to repay loans during the ongoing COVID-19 outbreak.  

Jay Cohen, partner and director of Tilleke & Gibbins’ office in Phnom Penh, has authored the Cambodia chapter of the Asian Business Law Institute  (ABLI ) Corporate Restructuring and Insolvency in Asia 2020 guide. This comprehensive guide aims to help companies easily navigate the diverse legal regimes in Asia surrounding restructuring and insolvency while facing times of adversity—such as those presented by the COVID-19 pandemic.

The Bank of Lao PDR (BOL) has issued guidelines to provide relief to debtors affected by the current crisis. The Decision on Policy in respect of Loans to Provide Remedial Measures Due to the Impact of the COVID-19 Pandemic no.238/BOL, dated March 26, 2020, aims to assist individuals and legal entities that have contracted with Lao commercial banks and financial institutions on loan agreements, and for whom the originally agreed upon repayment terms can no longer be met due to the COVID-19 crisis.

On March 18, 2020, Vietnam’s Ministry of Education and Training issued Circular No. 04/2020/TT-BGDDT detailing a number of articles of the Government’s Decree No. 86/2018/ND-CP dated 6 June 2018 on Foreign Cooperation and Investment in Education (“Circular 4”). Circular 4 will take effect on May 5, 2020, and sets out, among other things, new requirements for international schools to provide compulsory Vietnamese language and culture studies to Vietnamese students.

On March 31, 2020, the Prime Minister of Vietnam issued Directive No. 16/CT-TTg, which sets out Vietnam’s strongest measures yet for preventing and controlling the COVID-19 virus.Notably, Directive 16 mandates strict social distancing throughout the country for 15 days, from April 1 through April 15. In the wording of the directive, “families should be distanced from families, villages should be distanced from villages … provinces should be distanced from provinces.”Practical Implications

All offices of the Intellectual Property Office of Vietnam, including the head office in Hanoi and the representative offices in Da Nang and Ho Chi Minh City (the “IP Office”), are currently closed until further notice due to the COVID-19 situation. The IP Office issued a notice on March 31, 2020, to address issues related to the closure, with the following main contents:

Delay in Social Security ContributionsOn March 20, 2020, Myanmar’s Social Security Board announced that it will allow employers to make social security payments quarterly, instead of monthly, due to the hardship businesses are facing due to the COVID-19 pandemic. This will provide a degree of relief for employers, although the measures do not yet go as far as reducing the required social security contributions.Workplace Requirements

On March 30, 2020, the Lao Department of Intellectual Property (DIP) issued Notification No. 0446/DIP Pursuant to Prime Minister’s Order No.06/PM—the latter being a general order imposing a lockdown in Laos to limit the spread of COVID-19 in the country.