While Myanmar offers great opportunities, investors must be aware of the ever-evolving regulatory framework in which they are operating and should tailor their plans to the realities of the local market. As in other Southeast Asia frontier markets, BNG Legal can help you to effectively do business in this promising, yet challenging market.
Following Cambodia’s adoption of the 1952 Brussels Convention, the Cambodian courts have occasionally dealt with ship arrests. Today, ship arrests in Cambodia are subject to either Book 6 on Compulsory Execution or Book 7 on Preservative Disposition under the Code of Civil Procedure (“CCP”), promulgated on 6th July 2006 and effective from 6th July 2007.
In this newsletter: Resolution 116/NQ-CP on policies to support employees and employers affected by the COVID-19, Circular 78/2021/TT-BTC guiding Decree No. 123/2020/ND-CP on e-invoices, Decision 27/2021/QD-TTg on the reduction of land rent in 2021 for those affected by the Covid-19 epidemic, and more.
This article covers: 1) General legal issues in relation to inheritance under will, 2) Joint will of the husband and the wife, 3) The heirs, 4) Property, and 5) Property administrator and property distributor
Currently, with an open economic market and stable politics, Vietnam has been attracting many foreign investors for investment and doing business, especially Japanese investors. Therefore, before investing in Vietnam, what issues should Japanese investors be paid attention to.
This alert serves as a informational guide on some of the accounting questions that are currently being debated and share our views on how IFRS could be applied regarding cryptocurrency and related transactions.
In this update: New development on the corporate income tax (CIT) incentives offered to social entities; Foreign contractor tax (FCT) treatment of goods stored in a bonded warehouse; The new decree on the establishment and management of the disaster prevention fund, and more.
DFDL has prepared a country-specific Q&A series on key questions that organizations or individuals might have when considering whether to use drones for corporate or personal use. The first guide focuses on Cambodia and details the current regulatory framework.
In this Issue: Guidance on essential services which are allowed to operate during lockdown, “Green stream” transportation card (QR code) mandatory to pass through quarantine checkpoint for intercity freight vehicles, and List of provinces applying distinctive local regulations.
On 9 February 2021, the Ministry of Public Security issued a draft decree on the protection of personal data (Draft Decree). This blog will analyze some key points of the Draft Decree and compare them with the relevant provisions under the General Data Protection Regulation (GDPR).
In this newsletter: Removing the FIT pricing mechanism for rooftop solar power?, financial regulations of a debt trading one member limited liability company; and promulgating economic-technical norms of formulation and adjustment of zoning and plans on land use.
On July 12, 2021, the Ministry of Finance issued Circular No. 58/2021/TT-BTC (hereinafter referred to as "Circular 58") providing guidelines for some articles of Government’s Decree No. 158/2020/ND-CP dated December 31, 2020 on derivatives and derivative market.
On July 12th, 2021, the Ministry of Finance promulgated Circular 57/2021/TT-BTC (“Circular 57/2021”) providing a road map to reorganize the markets for shares, bonds, derivatives and other securities.
In this newsletter: Application for Advanced Pricing Agreement (the “APA”) under new Circular No. 45/2021/TT-BTC on Guiding the Application for the APA in Tax Administration for Enterprises having Related Party Transactions.
This article covers: Circumstances where a securities company is dissolved, documents of application for dissolution of a securities investment company, and procedures for dissolution of a securities investment company under the law on securities and the law on enterprises.
In this edition, DFDL reports on the current state of fintech in Thailand from a legislative and policy perspective with an overview of the current and future fintech landscape.
On July 30,2021, the State Bank of Vietnam issued Circular 11 regarding classification of assets, levels and method of setting up risk provisions, and use of provisions against credit risks in banking activity of credit institutions, foreign banks’ branches.
On July 30,2021, the State Bank of Vietnam issued Circular No. 12 specifying the trading of financial Instruments between credit institutions and foreign bank branches (“FBBs”). This article discusses several new regulations of the State Bank of Vietnam to manage the trading of Financial Instruments.
This article covers conditions and quantiy of houses that foreigners in Vietnam are permitted to own, including the following criteria: subject, form, types and duration of ownership, purpose of use, conditions of use, number of houses, right to sell, and taxes.
Important Vietnamese legal terms can be looked up, with the corresponding term in the other language presented (Vietnamese <-> English). Very helpful resource for those professionals working in both languages
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