Legal Matters
L'Oreal Owes Olaplex $91 Million for Stealing Trade Secrets
Tuesday, August 13, 2019
L’Oreal SA must pay a California-based startup $91.4 million for stealing its trade secrets, breaching a contract and infringing two patents related to a popular system that protects hair during bleaching treatments, a federal jury decided Monday. The jury, in Wilmington, Delaware, also found that...
Versace Loses Chinese Brand Ambassador Amid T-Shirt Controversy
Saturday, August 10, 2019 to Sunday, August 11, 2019
Versace has just lost its brand ambassador in China. Chinese actress Yang Mi said she’ll end her cooperation with the luxury fashion label after a controversy erupted online over claims that its T-shirt design defied the “One China” policy. Yang, Versace’s first Chinese brand ambassador, issued a...
Software Group teams up with ThitsaWorks to support Myanmar’s financial inclusion roadmap
Tuesday, July 23, 2019
Software Group, a global technology company with offices in the APAC region, and ThitsaWorks Solutions, a technology solutions provider in Myanmar, are teaming up to accelerate financial inclusion in the region. The partnership will support the financial inclusion roadmap that will be launched by...
Bank of Korea Unleashes Surprise Rate Cut as Trade Risks Grow
Thursday, July 18, 2019
The Bank of Korea unexpectedly cut its benchmark interest rate as it slashed economic growth and inflation forecasts, joining a growing number of central banks acting to shore up their economies. The BOK cut the seven-day repurchase rate to 1.5% from 1.75%. It now expects the economy to grow 2.2%...
J&J Promises Defense of Baby Powder, Opioid Claims Against It
Tuesday, July 16, 2019
Johnson & Johnson said that the health-care conglomerate will come out on the winning side of thousands of legal claims over its baby powder and opioid products. Last week, Bloomberg reported that the U.S. Justice Department was pursuing a criminal investigation into whether J&J lied about...
Legal Matters:
Sunday, February 15, 2015
On November 18th, 2014, the Myanmar Ministry of Immigration and Population announced the Permanent Residence of a Foreigner Rules as per the rights included in Act 16 of Myanmar Immigration Laws, 1947. Many other countries have similar systems including Myanmar’s fellow ASEAN members: Brunei;...
Legal Procedures for Foreign Workers in Myanmar
Wednesday, October 15, 2014
After Myanmar has opened its doors to the world, investors around the world are rushing into the country to examine the business opportunities. As the country is trying to speed up the economic growth but lacks a skilled workforce, many businesses in Myanmar—both local and foreign—are trying to bring in experts from outside of the country. In this article, we will explain about the procedures and requirements for foreigners to work in Myanmar.
Legal Matters
In the previous issue of Crossroads, Legal Matters dealt with the process of obtaining an Investment Permit, known as Form 2, from the Myanmar Investment Commission (MIC). To continue, the following paragraphs will provide concise explanations for the rest of the Forms -3 to 12- pertaining to...
Doing Business in Myanmar
Under the new Foreign Investment Law enacted in November 2012, foreign investors are now allowed full equity ownership in various sectors of business in Myanmar. Additionally, they may enter into partnerships with both local and foreign partners, enter into joint ventures in private or public...
Foreign Investment Law 2012
As Myanmar opens for business, global firms are joining the gold-rush to tap what is possibly the last frontier market in Asia. But the country has been relatively closed off for decades and as such, doing business in Myanmar can be very complex for foreigners. The most difficult, perhaps, is...
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