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In 1994, DFDL was built on the foundation of a unique vision: to build an integrated international standard law firm, with in-depth knowledge of the Mekong Region, while providing specialized and personalized advisory services to the international business community. DFDL Expertise Integrated international law firm providing technical excellence across our core areas of expertise; In-depth local and cross-border experience in complex and sophisticated transactions across a wide geographical front; A practical knowledge of local business cultures and practices; and Our areas of expertise: Banking and Finance, Corporate and Commercial, Energy, Mining and Infrastructure, Mergers and Acquisitions, Real Estate and Construction, and Taxation. As the Mekong Region and other emerging markets continue to thrive, DFDL is uniquely positioned to secure your access to promising international growth opportunities.

Thailand Tax Update: New Tax Incentives for Angel Investors
Legal Updates,Regional Law,Thailand

Reading Time: 2 minutesAt the end of January 2018, the Thai government approved a Ministerial Regulation providing a tax incentive (“Tax Incentive”) to any Angel Investor investing in a start-up company that conducts a promoted business activity in an industry approved by the National Science and Technology Development Agency (“NSTDA”). More specifically, the Tax Incentive is granted to […]

Vietnam Legal Update: Changes To Wind and Solar Power Feed-in-Tariff Deadlines
Legal Updates,Regional Law,Vietnam

Reading Time: 2 minutesOn 10 September 2018, the Prime Minister issued Decision No. 39/2018/QD-TTg (“Decision 39”), amending Decision No. 37/2011/QD-TTg of the Prime Minister dated 29 June 2011 on mechanisms to support the development of wind power projects in Vietnam. Under Decision 39, the wind FIT (excluding VAT) will be VND 1,928 per kWh (equivalent to US cents […]

Cambodia Legal Alert: Provision of Seniority Payments & Wage Payments
Cambodia,Regional Law

Reading Time: 5 minutesPROVISION OF SENIORITY PAYMENTS, Prakas 443 of the Ministry of Labour and Vocational Training (“MLVT”) dated 21 September 2018. After the amendments to the Labour Law (including the introduction of seniority payments), which came into effect on 26 June 2018 (as discussed here) the MLVT issued Prakas 443 on Seniority Payments (“Prakas 443”) on 21 September […]

ASEAN Employment Legal Update 2018 Q.3
Legal Updates,Regional Law

Reading Time: 10 minutesThis legal update is to advise you on important legislative developments and employment issues in the region. Cambodia EMPLOYMENT SECTOR Law on Amendments of Article 87(C), Articles 89, 90, 91, 94, 110,120 and 122 of the Cambodian Labor Law dated 13 March 1997, dated 26 June 2018 (“Amendment Law”) The Amendment Law has introduced significant […]

Myanmar Legal Alert: Own a Condo in Myanmar
Myanmar,Regional Law,Uncategorized

Reading Time: 4 minutesOn 14 September 2018, the Ministry of Construction (“MOC”) issued Notification 227/2018 (the “Notification”) “Appointing Registrar and Opening Registration Office relating to Condominiums” as part of the implementation of the Condominium Law 2016 (“Condo Law”) and Condominium Rules Notification 267/2017 (“Condo Rules”). This welcome development establishes the long awaited condominium registration offices allowing developers to […]

Cambodia Tax Update: SME Tax Incentives Announced
Cambodia,Regional Law

Reading Time: 2 minutesSub-Decree No. 124 R.N.Cr.BK (“SD 124”) that came into effect on the 2nd of October 2018 has introduced important tax incentives for qualifying Small and Medium Enterprises (“SME’s”) operating in defined priority sectors in Cambodia. We have summarized the key points addressed by SD 124 below: SD 124 applies to Small and Medium Enterprises which […]

Myanmar Tax Pocket Guide 2018
Legal Updates,Myanmar,Regional Law

Reading Time: 2 minutesDFDL Myanmar is pleased to announce the publication of the 2018 edition of the Myanmar Tax Pocket Guide. Written by DFDL’s tax experts, this comprehensive guide offers a clear and detailed insight on taxation laws and practices in Myanmar. While tax law can be notoriously difficult to decipher in emerging markets, DFDL offers a simplified […]

Thailand Tax Alert: The Thai Government Announces New International Business Center Incentives and the Cancellation of the IHQ Program
Legal Updates,Regional Law,Thailand

Reading Time: 2 minutesOn 10 October 2018, the Thai government announced the cessation of the International Headquarters (“IHQs”) program (which also included Regional Operating Headquarters or “ROHs” and International Trading Centers or “ITCs”) and the creation of a replacement initiative; International Business Centers (“IBCs”). The move is part the OECD Inclusive Framework for Base Erosion and Profit Shifting (“BEPS“). […]

Myanmar Legal Alert: Yangon Expressway, Land and Revenue Rights
Legal Updates,Myanmar,Regional Law

Reading Time: 3 minutesOn 7 September 2018, the Ministry of Construction of the Union Government of Myanmar (“MOC”) officially opened the Request for Qualifications (“RFQ”) phase of the USD 400 Million Yangon Elevated Expressway Project (“the Project”). The Project is set to be one of the largest infrastructure projects ever undertaken in Myanmar and will take the form […]

Vietnam Legal Updates: Bankruptcy Settlement Procedures
Legal Updates,Regional Law,Vietnam

Reading Time: 3 minutesThe Ministry of Justice, the Supreme People’s Procuracy and the Supreme People’s Court issued Joint Circular No. 07/2018/TTLT-BTP-VKSNDTC-TANDTC dated 12 June 2018, on cooperation in enforcement of court’s decisions on bankruptcy settlements (“Joint Circular 07”), which came into effect on 1 August 2018. Joint Circular 07 sets forth new guidelines on cooperation in the procedures […]

Myanmar Tax Alert: Myanmar Passes The 2018-2019 Union Tax Law
Employment,Myanmar

Reading Time: 4 minutesOn 25 September 2018, the Union Parliament (“Pyidaungsu Hluttaw”) enacted the 2018-2019 Union Tax Law (“2018-2019 UTL”) which provides clarity on the transition period regarding the change in the tax year of reporting along with tax rates and exemptions applicable to certain goods and services in Myanmar. For State-owned enterprises (“SOEs”), the 2018-2019 UTL is effective […]

Cambodia Tax Update: Transfer Pricing – Interest Rates for Related Parties
Business,Business Advice,Legal Updates,Regional Law

Reading Time: 4 minutesInstruction 11946 issued by the General Department of Taxation (“GDT”) on the 21st of August 2018 (“Instruction 11946”) provides an important clarification regarding the determination of interest rates between related parties. Since the introduction of Circular 151 in early 2014 Cambodian taxpayers were historically able to receive and extend interest free loans to domestic as […]