DIGITAL ASSETS, DIGITAL TOKENS AND CRYPTOCURRENCIES

1.   Major Legislations (1)  The Digital Asset Business Operation Emergency Decree B.E. 2561 (A.D. 2018) (“DABO”). (2)  The Revenue Code Amendment (No. 19) Emergency Degree B.E. 2561 (A.D. 2018) (“ARCA”). (3)  Implementation rules and regulations for implementing the laws under (1) and (2) issued by the Ministry of Finance (“MOF”) and the Securities and Exchange… Read More

Publication, Legal Brief / 24 Aug 2018

Myanmar Companies Regulations 2018

On 23rd July 2018, the Ministry of Planning and Finance issued its Notification No. 66/2018 called the Myanmar Companies Regulations 2018 (“MCR”) under Section 462(1)(a) of the Myanmar Companies Law 2017 (“MCL”) to regulate company registration and compliance procedures.  Some of the major provisions of the MCR include:- 1.  An electronic registry system called “MyCo”… Read More

News / 24 Aug 2018

Goods Permitted for Wholesale and Retail Sale

On 26th July 2018, the Ministry of Commerce of Myanmar (“MOC”) issued its Newsletter No. 3/2018 to list goods permitted for wholesale and retail sale businesses of foreigners or Myanmar-foreigner joint ventures (“List”) pursuant to the MOC Notification No. 25/2018 dated 9th May 2018. The permitted goods consist of 24 groups including: 1.  consumer goods… Read More

News / 24 Aug 2018

Updates on Draft Amendment to the Copyright Act of Thailand

On 14 August 2018, the Thailand’s Department of Intellectual Property (“DIP”) published a summary of the results from the public hearing and public consultation on the draft bill to amend the Copyright Act B.E. 2537 (the “Bill”) before the DIP revises the Bill and proposes it to the Cabinet. The Bill aims to address the… Read More

News / 23 Aug 2018

Defence Industry Is Now Eligible to BOI Promotion

On 8th June 2018, the BOI (Board of Investment Promotion) of Thailand issued its Notification No. Sor. 2/2018 to include the defence industry in the list of promotion eligible businesses, consisting of manufacturing and repairing of (1) military vehicles and weaponry systems for national defence, (2) unnamed systems and parts for national defence, (3) weapons… Read More

News / 23 Aug 2018

ICO: A Digital Corporate Financial Tool

News, Seminar / 08 Aug 2018