Myanmar's New Foreign Investment Law Overview

Conclusion for Business ODFDL LEGAL & TAX Many old laws on the books: not always relevant to current age and int'l practices; implementation, application and enforcement inconsistent; not always well known. Too many new laws, requiring deep and broad expertise from too few people. Too many priorities: Many changes to system required to upgrade system; Law making institutions and person overwhelmed; Source of drafts the government (greatest resources): circulated? Potential Result: - Framework laws, with substantive details in the decrees; Slowing rate of progress? Lack of implementation: Laws effective but not applied (CBM law example) (still apply old regulations) 40

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