Law & Regulation
Highlight Law and Regulation
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Myanmar Enacts Copyright Law
Myanmar’s Copyright Law was finally enacted into law on May 24, 2019, effectively repealing the old Copyright Act of 1914. The law lays out the new legislative framework for the protection of literary and artistic works and other related rights, to be implemented through administrative bodies and subsidiary regulations that will be issued in due course.
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24/05/2019 -
Timeline Set for Changes to Import/Export Licensing and Registration Requirements in Myanmar
The Myanmar Ministry of Commerce has set the timeline for foreign-owned and joint venture companies importing or exporting specific categories of goods to apply for retail and wholesale services registration. These changes are outlined in Notification 23/2019 from Myanmar’s Ministry of Commerce (MoC) supporting last year’s opening-up of retail and wholesale to foreign companies.
Read More21/05/2019 -
New Consumer Protection Law Enacted in Myanmar
Pyihtaungsu Hluttaw Law No. 9/2019—Myanmar’s new Consumer Protection Law—was enacted on March 15, 2019, repealing the previous law and providing a clearer legal framework for the protection of consumers in Myanmar. The date of implementation is March 15, 2019, with the exception of the product label requirement, which will enter into force one year after the date of enactment.
Read More15/03/2019 -
Myanmar Passes Patent law
Pyidaungsu Hluttaw Law No. 7/2019—Myanmar’s Patent Law—was enacted on March 11, 2019, providing a framework for the protection of inventions related to products and processes. This is the first legislation specifically addressing the protection of patents in the history of Myanmar.
Read More11/03/2019 -
Myanmar Passes Industrial Design Law
On January 30, 2019, Myanmar’s long-awaited Industrial Design Law—the first legislation specifically addressing the protection of industrial designs in the jurisdiction’s history—was passed into law. The law lays out a comprehensive framework for the protection of rights over the external visual design of objects (i.e. the aesthetic design, rather than the practical). It will be implemented through administrative bodies (particularly the Intellectual Property Office) and enabling legislation that will be established and implemented in due course.
Read More30/01/2019
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Recent Law and Regulation
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New Consumer Protection Law Enacted in Myanmar
Pyihtaungsu Hluttaw Law No. 9/2019—Myanmar’s new Consumer Protection Law—was enacted on March 15, 2019, repealing the previous law and providing a clearer legal framework for the protection of consumers in Myanmar. The date of implementation is March 15, 2019, with the exception of the product label requirement, which will enter into force one year after the date of enactment.
Read More15/03/2019 -
Myanmar: Local Banks Can Now Accept Foreign Equity Investments of up to 35%
The Central Bank of Myanmar (CBM) issued Circular Letter 1/2019 on January 29, 2019, stating that domestic private banks will now be able to accept up to 35% equity investments from foreign banks and financial institutions. The Circular Letter comes into effect immediately. Domestic private banks that wish to accept foreign investments under the circular are required to submit a set of documents to the CBM, including a copy of the mutual agreement describing the equity investment ratio, the terms and conditions of the investment, and others.
Read More29/01/2019 -
Myanmar opens Retail and Wholesale business to 100% Foreign Owned Company
On May 9, 2018, Myanmar’s Ministry of Commerce (MoC) issued Directive 25/2018 (the Directive) permitting 100% foreign owned companies, and joint venture companies established between Myanmar citizens and non-Myanmar citizens, to conduct retail or wholesale business in Myanmar, provided that they meet minimum initial investment requirements, register with the MoC, and comply with certain operational restrictions.
Read More09/05/2018
