Member Articles
Evolving M&A Trends: Private Equity Transactions Amid the COVID-19 Crisis This article first appeared on the website of the Corporate and M&A Law Committee of the Legal Practice Division of the International Bar Association (here), and is reproduced by kind permission of the International Bar Association, London, UK. © International Bar Association. The Covid-19 pandemic has pushed countries across the world into an unprecedented humanitarian and economic crisis... |
COVID-19 Government Initiatives & Support in Asia As the COVID-19 pandemic continues to spread throughout the world, governments and leading financial institutions across the South and Southeast region continue to issue various initiatives, stimulus measures and relief efforts within their respective countries in an attempt to shore up the hardest hit sectors and vulnerable groups directly affected by the COVID-19 pandemic... |
Myanmar Tax Update: Additional COVID-19 Tax Relief for Businesses in Myanmar The Ministry of Planning, Finance, and Industry (“MOPFI”) issued Notification No 65/2020 (“Notification 65”) which outlines additional forms of tax relief that can be availed by businesses affected by the COVID-19 pandemic in Myanmar... |
Aviation in Southeast Asia Beyond the Horizon - Cambodia 10 Key Q&As For the aviation sector, the first half of 2020 has sadly been defined by the many challenges brought on by the coronavirus pandemic, resulting in operational and economic disruption across the globe. Now six months in, the industry is taking stock, adapting strategies and mapping out future plans for business post Covid-19... |
Myanmar Investment Guide Synopsis Myanmar continues to generate intense investor interest in what remains one of the world’s largest frontier markets. Ever since 2011 when the country first opened its doors to foreign investment and participation, its economy has continued to surge with greater diversification of its markets and deepening sophistication of its consumer base... |
Top Ten Questions and Answers: Workforce Restructuring in Cambodia, Lao, Myanmar, Thailand, and Vietnam Earlier this month, the DFDL Employment & Labour Team organized a well-attended webinar on Workforce Restructuring in Cambodia, Lao PDR, Myanmar, Thailand & Vietnam. Our experts shared their insights with the audience on ways to minimize COVID-19 related labour challenges in compliance with local law as well as practical steps and considerations when implementing options available to employers to cut down labor costs in each jurisdiction... |
Cambodia Legal Update: Postponement of Seniority Payment Ministry of Labour and Vocational Training Notification on the Delay of Payment of Back Pay of Seniority Payment Prior to 2019 and New Seniority Payment for 2020... |
Cambodia Update: Additional Measures to Further Support Private Sector & Workers Affected by COVID-19 Outbreak & to Revive the Post-COVID-19 Economy On 26 May 2020, the Royal Government of Cambodia (“RGC”) issued a press release and rolled out round 4 of measures aimed at mitigating the impact of COVID-19 on the businesses and workers in Cambodia. These latest measures consist of a combination of new measures and extension of those measures already in place... |
European GDPR 2 Years On – What Lessons can be Drawn from the European Experience for the Southeast Asian Region? Two years ago, the most visible and tangible impact of the entry into force of the General Data Protection Regulation (“GDPR” or “Regulation”) for individuals all around the globe was an unprecedented wave of emails from businesses changing their privacy policies and seeking consent to store and process data... |
Myanmar Legal Update: Myanmar Lifts Restriction on Importation of Foreign Alcohol In order to curb illegal importation, facilitate the sale and consumption of quality products in fulfilment of market demand and accurately assess and collect tax by the State, the Ministry of Commerce (“MOC”) issued Notification no. 38/2020 (“Notification-38”) on 25 May 2020 to remove foreign alcoholic spirits from the import restriction list. Although Notification-38 removes foreign alcoholic spirits from the list beer remains restricted... |
The COVID-19 and Its Impacts on Leases in Cambodia The COVID-19 global pandemic continues to rage and tenants in Cambodia are now looking carefully at whether this situation can be considered a force majeure event in order to seek a cessation or reduction of their rental payments. On 11 March 2020, the World Health Organization (“WHO”) officially declared the outbreak of the coronavirus disease 2019 (“COVID-19”) a global pandemic... |
Philippines Legal Update: DOLE Guidelines on Resumption of Business Operations The Department of Labor and Employment (“DOLE”) issued Labor Advisory Nos. 17 and 18 dated 16 May 2020 containing guidelines on employment preservation upon the resumption of business operations as well as guidelines on the cost of COVID-19 prevention and control measures, respectively. Read the analysis of DFDL’s collaborating firm in the Philippines, Ocampo & Suralvo Law Offices, now: Contact Managing Your Tax Affairs in Myanmar During the COVID-19 Crisis - Top 10 Questions Answers Earlier this month, the DFDL Myanmar Tax Team organized a well-attended webinar ‘How to Manage Your Tax affairs in Myanmar During the COVID-19 Crisis’. Jack Sheehan (Partner & Head of the Regional Tax Practice), Diberjohn Balinas (Senior Tax Manager) and Nay Nay Eaint (Tax Manager) shared their insights on how to deal with important tax-related matters during the COVID-19 pandemic and the kinds of tax relief that affected businesses may claim... |
Vietnam Legal Update: Notification Guidelines Released The Vietnam Competition and Consumer Authority has released several documents related to the merger notification regime that was effectively implemented on 15 May 2020, the effective date of Decree 35. As the National Competition Committee has not yet been appointed, the documents clarify that, in accordance with its responsibility under Article 7... |
Supporting Your Business During the COVID-19 Outbreak As the Novel Coronavirus (COVID-19) continues to spread across the world, we would like to reassure you that DFDL takes the needs and well-being of our clients, our people and local communities seriously. We have enacted plans across our offices to deliver uninterrupted service to our clients and we are monitoring the situation on a daily basis. All members of DFDL remain ready to serve client needs and DFDL offices remain open, when allowed by local authorities... |
Cambodia Update: Relief Provided for Businesses Affected by COVID-19 and EBA In response to the impact of COVID-19 and the partial withdrawal of EBA benefits – see our update here – the Cambodian government have issued a number of regulations which are intended to provide some relief to affected businesses in Cambodia. We outline these updates below: Letter 1313 MEF – dated 25 February 2020 Notification no... |
Cambodia Tax & Real Estate Alert: 2019 Property Tax Deadline - 30 September On the 21st of August 2019 Notification dated 21 August 2019 the General Department of Taxation (“GDT“) issued Notification 17517 GDT on the Second Reminder of the Payment of the Property Tax reminding owners of immovable property to file their annual Property Tax declaration before the deadline of 30 September 2019... |
Vietnam Tax Update: New Law on Tax Administration – Key Takeaways The new Law on Tax Administration No. 38/2019/QH14 (“LTA” or “new Law”) was passed by the National Assembly in June 2019 will become effective from 1 July 2020. New provisions relating to electronic invoices and electronic documents take effect from 1 July 2022. We summarize below some of the salient features of the new Law... |
Cambodia Legal Update: New National Fire Safety Systems Code Launched in Cambodia The Association of Fire Prevention Enterprises of Cambodia (“AFPE”) in conjunction with the National Quality Inspection Centre for fire Safety Systems (“NICS”) hosted a seminar on 9 September 2019 on the introduction of the National Standard Book on Fire Safety Systems – Building Design Code... |
Cambodia Tax Update: Tax Treaty with Malaysia Signed Cambodia has signed a Double Taxation Agreement (“DTA“) with Malaysia on the 3rd of September 2019 during the visit of Malaysian Prime Minister Tun Dr Mahathir Mohamad to Phnom Penh. Under the DTA, double taxation will be avoided in that any tax paid in Cambodia by Malaysian companies in accordance with the DTA will be allowed as a credit against the tax payable in Malaysia on the same income, subject to the provisions of the tax laws of Malaysia... |
Cambodia Legal Update: 2020 Foreign Employee Quota Application Window to Open Shortly By way of advance notice, please note that the window to apply for the 2020 foreign employee quota will open in September 2019. Organizations employing or intending to employ foreign employees in 2020 are required to apply for a foreign employee quota from the Ministry of Labour and Vocational Training (“MLVT”)... |
Cambodia Tax Update : VAT Update – Refund Process Updated It is fair to say that one of most consistent complaints we hear from taxpayers regards the issues associated with applying and obtaining a Value Added Tax (VAT) refund in Cambodia. Until now the VAT refund process was a very lengthy process – sometimes taking years – and often subject to uncertainty and delays... |
Land Development from the Ministry of Land Management, Urban Planning and Construction- Cambodia The Prakas No 087 essentially defines the terms of land development, conditions and procedures to obtain and issue approvals on land development, the competent authority, rights and obligations of land development, conditions on state land development, land development complaints and penalties for conducting land development without required approvals... |
ASEAN Employment Legal Update 2018 Q.2 Regional Legal Update on Labor and Employment Law Issues DFDL’s Employment Practice Group is dedicated to advising clients on employment and labor issues and preparing human resources documentation that is compliant with local laws. Our employment team’s in-depth knowledge of the law and practices in the countries where we operate allows us to provide specialized, tailored, and practical advice on issues that arise in employment relationships... |
Myanmar Legal Update: Companies’ Re – registration, Formation, and Corporate Compliance filing under the Myanmar Companies (Electronic Registry System and Miscellaneous Matters) Regulations 2018 A new electronic registry system called Myanmar Companies Online (“MyCo”) is to be launched with the coming into force of the new Myanmar Companies Law 2017 (“MCL”) on the 1st of August. The Directorate of Investment and Company Administration (“DICA”) is introducing MyCo with the purpose of streamlining company filings and making the process more transparent... |
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