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INSIGHTS THIS MONTH

May 2022

HIGHLIGHT OF THIS MONTH

Implementing Green Finance in Southeast Asia: International Practice, Local Legal Framework and Institutions

As noted in the IPCC Report “Climate Change 2022. Impacts, Adaptation and Vulnerability”, “overall adverse economic impacts attributable to climate change, including slow-onset and extreme weather events, have been...

IN THIS ISSUE

Domain Name Changes Required for All Cambodian-Registered Companies

[From our Cambodia Office]

Scope of registration  On 1 April 2022, the Ministry of Commerce (“MOC”) and the Ministry of Posts and Telecommunications (“MPTC”) issued joint Notification No.... 

Over a Decade Ago, Bangladesh Painfully Lost its One and Only ICSID Arbitration. What Can be Done to Avoid Similar Losses in the Future?

[From our Bangladesh Office]

In 2009, Bangladesh lost its first and so far only international investment arbitration against an Italian specialized construction company for the energy sector. It... 

Healthcare PPP Invitation for Bids Issued

[From our Bangladesh Office]

Tenders for a PPP project issued on 16 May 2022, named “Invitation for Bid (IFB) Notice for Establishment of 50-seat medical college and nursing... 

New Licensing Requirements for Mining Service Activities

[From our Laos Office]

On 6 April 2022, the Ministry of Energy and Mines issued Decision No. 674/MOEM on new licensing requirements for mining service activities in the... 

Amended Telecommunication Law – Lao PDR

[From our Laos Office]

The Law on Telecommunications (Amended) No. 05/NA dated 16 November 2021 (the “Telecom Law 2021”) has replaced the previous Law on Telecommunications (Amended) No.... 

FY2021 Annual Submission and Dividend Income Tax

[From our Laos Office]

Following postponement by the Ministry of Finance of the date for submission of the FY2021 annual financial statements (the “FS”), the deadline of 31... 

OUR UPCOMING EVENTS

RECENT VDB LOI WORK

Financial services in Myanmar: The Banking and Finance team assisted a large regional bank with the amendment and security confirmations in connection with a change in the loan utilization currency on a loan to a major cement manufacturer.

Acquisition of solar projects in Cambodia: The Legal team is assisting a major renewable power company with the acquisition of a number of solar power projects, a deal with very little precedent in Cambodia.

Gas-to-power project in Myanmar: The Myanmar team is providing full support to the project owner as well as contractors of a major domestic gas-to-power project, from legal and tax advisory and assistance, to tax compliance services.

Banking sector services in the Lao PDR: A Chinese commercial bank engaged the Lao team to advise on and draft a corporate guarantee agreement to meet the requirements to be effective under Lao law.

Successful transfer pricing audit defense in Cambodia: The Transfer Pricing team provided analysis and statistics to defend against a reassessment on an interest-free loan.

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