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Myanmar

Founded in 1995, DFDL is one of the longest established foreign legal and tax firms in Myanmar and is the go-to choice to advise Asian and international companies on their investments. Myanmar continues to generate intense investor interest in what remains one of the world’s largest underdeveloped markets. DFDL Myanmar is here is to help.
Myanmar is making valiant strides in leveraging its geopolitically strategic position: rich natural resources, young labor force, over 50 million population, and proximity to some of the most dynamic economies in the world. To these ends, Myanmar is actively encouraging foreign investment. DFDL Myanmar has helped many international companies establish a presence in the country, and many more are eager to follow suit. Our experienced local and international team is well-equipped to help you navigate the risks and complexities of this ever-evolving legal and tax environment. DFDL provides a full range of legal and tax services to domestic, Asian and international investors operating in Myanmar. Our team of professional lawyers and advisers in Yangon and Naypyidaw provides tailored, efficient and practical legal services at an international standard. At the same time, we our equipped with longstanding knowledge and comprehensive expertise of the local business environment – as well as the future growth opportunities in a wide range of exciting and emerging industries. An established Myanmar practice, frequently acting as local counsel on notable inbound mandates for prominent international clients. “DFDL provide timely and responsive advice to our queries and have been particularly helpful with a difficult matter involving multiple jurisdictions.” – Chambers Asia Pacific 2023 – DFDL Myanmar

Key Credentials:

  • A consortium of banks and financial institutions on its financing of USD 300 million, 225MW gas-fired combined power plant project, the largest of its kind in Myanmar, the Myingyan Power Plant.
  • Thaibev on its USD 750 million acquisition of 75% stake of two Myanmar spirits distillers.
  • A foreign export-import bank on its USD 800 million acquisition financing of a large teak plantation in Myanmar.
  • Osotspa’s greenfield investment in Myanmar for its energy drink manufacturing business with multiple set-ups for backward and forward integrations.
  • Telenor on its disinvestment from Myanmar by selling its shares to the M1 Group from Lebanon including strategizing on how to approach the exit, and comprehensive due diligence on risks, liabilities and mitigation strategies.
  • Grab, as lenders counsel for Cambodia and Myanmar, in relation to advising a consortium of lenders on its first senior secured term loan facility, the biggest term loan facility in the Asian tech sector, with a principal amount of USD 2 billion.
  • Credit Bureau Asia, a company having a market capitalisation of about SGD 215 million, as Myanmar counsels for its Listing on the Mainboard of the Singapore Exchange.
  • AIA, as Myanmar counsel, on one of Myanmar’s largest and one of the first bancassurance transactions with AYA Bank.
  • Credit Guarantee and Investment Facility, as Myanmar counsel, for the first-ever bond issue by a Myanmar-focused company on any international bond market.
  • As Myanmar counsel to Shandong Electric Power Construction Corporation, as EPC provider and equity investor for a 145 MW gas-to-power project located in Kyaukse township in the Mandalay region of Myanmar.

Awards

2024 chambers and partners asia pacific

  • General Business Law MyanmarBand 1

2024 legal 500 asia pacific

  • Corporate and M&A/Projects  MyanmarTier 1

Address

№ 134/A, Than Lwin Road, Golden Valley Ward (1),
Bahan Township (GPO Box 729), Yangon, Myanmar


No. 7465, Nay Kyar (6) Street,
Between Ka Thar (1) Street and Ka Thar Street,
Zawana Thiekdi Quarter, Ottarathiri Township,
Nay Pyi Taw, Myanmar

Contact

+95 1 526 180
f8 bet:myanmar@jogoaovivo77.vip

+95 9 450 615 053

Opening Hours

9 AM – 6 PM
Monday – Friday

Key Contact

Partner, Managing Director, Myanmar | Regional Head of Dispute Resolution Practice
Cambodia, Myanmar
+95 997 612 1022 / +855 783 335 66
Thida Aye
Partner

Position

  • Partner

Expertise

  • Aviation and Logistics
  • Corporate and M&A
  • Energy, Natural Resources and Infrastructure

Country of Expertise

  • Myanmar
Diberjohn Balinas
Tax Director

Position

  • Tax Director

Expertise

  • Tax & Transfer Pricing

Countries of Expertise

  • Cambodia
  • Myanmar
  • Philippines
Nay Nay Eaint
Senior Tax Manager

Position

  • Senior Tax Manager

Expertise

  • Tax & Transfer Pricing

Country of Expertise

  • Myanmar
Mar Mar Aung
Senior Adviser

Position

  • Senior Adviser

Expertise

  • Compliance and Investigations
  • Energy, Natural Resources and Infrastructure
  • Real Estate and Hospitality

Country of Expertise

  • Myanmar
Surath Bhattacharjee
Senior Adviser

Position

  • Senior Adviser

Expertise

  • Banking and Finance
  • Corporate and M&A
  • Energy, Natural Resources and Infrastructure

Country of Expertise

  • Myanmar
Chan Myae Khine
Senior Manager

Position

  • Senior Manager

Expertise

  • Corporate Advisory
  • Corporate and M&A

Country of Expertise

  • Myanmar
Nick Towle
Senior Adviser

Position

  • Senior Adviser

Expertise

  • Banking and Finance
  • Corporate and M&A
  • Technology, Media and Telecoms

Countries of Expertise

  • Cambodia
  • Myanmar
Rohan Bishayee
Legal Adviser

Position

  • Legal Adviser

Expertise

  • Corporate and M&A
  • Energy, Natural Resources and Infrastructure
  • Restructuring

Countries of Expertise

  • Myanmar
  • Thailand
Kyaw Kyaw Han
Legal Adviser

Position

  • Legal Adviser

Expertise

  • Aviation and Logistics
  • Compliance and Investigations
  • Corporate and M&A

Country of Expertise

  • Myanmar
Htain Lin
Tax Adviser

Position

  • Tax Adviser

Expertise

  • Tax & Transfer Pricing

Country of Expertise

  • Myanmar
Mya Myintzu
Legal Adviser

Position

  • Legal Adviser

Expertise

  • Compliance and Investigations
  • Employment
  • Real Estate and Hospitality

Country of Expertise

  • Myanmar

Insights

Intelligence from the DFDL legal team

Corporate Advisory
Jul 1 2024

Myanmar: Supreme Court Clarifies IP Court's Patent Jurisdiction

On 1 June 2024, the State Administration Council (“SAC”) enforced the Patent Law 2019 (“PL”). Subsequently, on 3 June 2024,…
Banking and Finance
Jun 21 2024

Myanmar: The Central Bank of Myanmar Updates Digital Payment Limits

On 12 June 2024, the Central Bank of Myanmar (“CBM“) issued a letter “Amending the Allowed Amounts for Carrying Out…
Tax & Transfer Pricing
Jun 12 2024

Myanmar – Tax Pocket Guide 2024 Edition

DFDL is delighted to announce the release of the 2024 edition of the Myanmar Tax Guide. This guide is a…
Corporate and M&A
Jun 4 2024

Myanmar: FDA's New Requirements for Food Product Code Registration

On 9 May 2024, the Department of Food and Drug Administration (“FDA“) under the Ministry of Health announced a “Food…
Corporate and M&A
May 21 2024

Myanmar: Barter Transaction Arrangement (BTA) Procedure

On 2 May 2024, the Department of Trade (“DOT“) under the Ministry of Commerce (“MOC“) of the State Administration Council…
Tax & Transfer Pricing
May 7 2024

Myanmar Tax Alert: Annual Tax Compliance Reminder for FY 2023-2024

Our Tax Team would like to remind you that the deadline for filing your corporate tax returns for the fiscal…
Banking and Finance
May 7 2024

Myanmar: The New Minimum Reserve Ratio and Interest Rate on Average Excess Reserves Set by the CBM

On 30 April 2024, the Central Bank of Myanmar (“CBM”) issued a new directive which primarily focuses on two aspects:…
Dispute Resolution
Apr 19 2024

Asian Dispute Review Features DFDL's Analysis on Arbitration and Litigation

DFDL has made a significant contribution to the 25th anniversary issue of the Asian Dispute Review. This edition features insightful…