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Skyscraper city scape with river in background

Myanmar

Myanmar presents one of the world’s most interesting commercial opportunities.

With a population of 50 million people at the heart of ASEAN, it is a country currently undergoing significant political and economic change.

There is room for foreign interests to participate in this growth as the country opens up – especially in areas such as infrastructure, banking, telecommunications, tourism, manufacturing, energy and natural resources, and the provision of essential services. Another impetus is the government’s active pursuit of foreign investment alongside foreign expertise as it opens its economy to multinationals.

Supporting our clients in Myanmar

Since the re-emergence of Myanmar into the international community, we have focused on establishing a presence and understanding of the legal and practical framework of executing investment strategies in Myanmar. This has resulted in us working on a number of on-going high profile matters for clients who are looking to enter, or have successfully entered, the market.

We established our Yangon office in late 2013, headed by Simon Makinson and support by our on the ground lawyers and administrative team.

Engaging with the government

We regularly engage with the government and universities of Myanmar, providing training in areas relevant to foreign investment. This, alongside our work with clients, means we spend a lot of time in the capital Nya Pyi Taw meeting with, and delivering seminars to, government officials and ministries.

 

Our offices

Yangon
  • Yangon

    539-540 Inya Lake Hotel

    Suite 539/540 Inya Lake Hotel, 37 Kaba Aye Pagoda Road, Mayangone Township

    Yangon

    11061

  • +95 1 966 2866
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News & insights

Myanmar

Publications: 25 JULY 2019

Myanmar’s economic liberalisation: Three years on

State Counsellor Daw Aung San Suu Kyi’s National League for Democracy (the NLD) celebrates its third anniversary of government this year. Fourteen months from now, campaigning will commence for Myanmar’s 2020 general election, which will be its third since the country’s reintroduction of free elections in 2010. This offers an opportune moment to consider the performance of the NLD government in the past three years since their assumption of control.

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Publications: 19 MARCH 2019

Myanmar IPP: An important milestone in the development of Myanmar’s power sector

​In March 2016, the Myanmar Government signed a power purchase agreement for the country’s first ever competitively awarded independent power project (the Myingyan IPP). This ‘market first’ will provide a benchmark for the development of, and looks to set a bankable precedent for, future IPPs in Myanmar. This article takes a closer look at the structure and risk allocation of the project documents forming the core of the Myingyan IPP, providing an insight into how Myanmar specific issues have been addressed in the context of the Myingyan IPP.

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Publications: 19 MARCH 2019

Myanmar ministries announce "100-day" plans

​After a landslide victory in Myanmar’s general election held on 8 November 2015, Daw Aung San Suu Kyi’s National League for Democracy (NLD) government took office on 30 March 2016, with U Htin Kyaw named as President.

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Publications: 19 MARCH 2019

Myanmar foreign investment - updated list of restricted activities

​The evolution of Myanmar's investment environment continues apace with recent changes to its foreign investment framework. The Myanmar Investment Commission (MIC) has issued a notification which changes the list of activities in which foreign investment is prohibited or restricted, repealing the previous notification that dealt with this. In this bulletin, we highlight the main features of the new MIC notification and provide an overview of the regulatory framework for foreign investment in Myanmar.

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Media contact

Madhu Mirpuri
Madhu Mirpuri

Marketing and Communications Manager

APAC

Hong Kong

Hong Kong
  • Allen & Overy

    9th Floor, Three Exchange Square, Central

    Hong Kong

  • View office