Looking back, it is evident that 2018 has seen a lot of changes in the Myanmar legal framework. There is also a number of developments that can be expected in the near future. Banking regulations Until early November, foreign bank branches could only provide banking services to foreign companies, i.e., companies incorporated in Myanmar with […]

For the first time, the Myanmar government is to open new registration offices and assign registrars for condominiums.  This is an important sign that the government is serious about reforming the property market, with both Myanmar people and foreigners now able to obtain an ownership title of units registered as condominiums. The Condominium Law and […]

Despite their high profile presence in Myanmar, there are relatively few Japanese invested energy projects slated as a priority project in Myanmar. For example, the four recently announced LNG/Gas to Power projects which received approval from the Government have no Japanese investors at this stage. This was one of the issues discussed at a recent […]

The Ministry of Construction released the long anticipated Condominium Rules in December (the “Rules”) which clarifies much of the ambiguity left by the Condominium Law 2016 (the “Law”). Since December, various stakeholders have provided feedback on the rules to the Department of Urban Housing and Development (“DUHD”), and the DUHD has proposed several amendments to […]