DFDL Lawyers
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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.

Myanmar Legal Alert: RFP and EOIs for Foreign Insurance issued by FRD
Business,Myanmar,Regional Law

Reading Time: 3 minutesIn early January the Ministry of Planning and Finance (“MOPF”) issued Announcement 1/2019 through which foreign companies were permitted “to operate the business of insurance, underwriting agency or insurance broking with foreign investment” in Myanmar. Further to this announcement, the Financial Regulatory Department (“FRD”) has now published an Request for Proposal (“RFP”) for 100% foreign […]

Myanmar Legal Alert : Amendment of Central Bank of Myanmar Lending Rates
Business,Funding,Myanmar,Regional Law

Reading Time: 2 minutesIn the most recent update on the Myanmar banking sector, the Central Bank of Myanmar (“CBM”) announced amended and increased lending rates through the issuing of Directive 1/2019 (“Directive”) on 15 January 2019. The changes in this Directive will take effect from 1 February 2019. Under this Directive, 13% will be the highest lending rate […]

Thailand Legal Alert: Essential Differences Under Thailand’s New Competition Law
Business,Competition Law,Legal Updates,Regional Law,Thailand

Reading Time: 6 minutesThailand was one of the first ASEAN Member States to enact a competition law with the Price Fixing and Anti-Monopoly Act of 1979. However, that legislation was generally accepted to have been ineffective in relation to competition law enforcement and was replaced by the Trade Competition Act B.E. 2542 (1999) (“Old TCA”). The Old TCA came into […]

Myanmar Legal Alert: Foreign Insurance Providers Now Allowed to Operate in Myanmar
Business,Business Advice,Myanmar,Regional Law

Reading Time: 3 minutesA recent development in the insurance sector has allowed foreign insurance providers to finally operate in the Myanmar insurance sector. Through Announcement No. 1/2019, the Ministry of Planning and Finance (“MOPF”) now permits foreign companies “to operate the business of insurance, underwriting agency or insurance broking with foreign investment” in Myanmar. This announcement follows Notification […]

Lao PDR Tax Alert: New Amended Law on VAT
Business,Business Advice,Laos,Legal Updates,Regional Law

Reading Time: 5 minutesThe Amended Law on Value Added Tax Law (No. 48/NA, dated 20 June 2018) (“Amended Law on VAT”) was posted on the Lao Official Gazette on 4 December 2018 and is effective from 18 December 2018. We summarize in this client alert the key important points to note from the Amended Law on VAT. 1.       […]

Thailand Tax Alert: Thai Government Announces New International Business Center (“IBC”) Tax Incentive
Legal Updates,Regional Law,Thailand

Reading Time: 3 minutesOn 28 December 2018, the Thai Revenue Department (“TRD”) announced a new program of tax incentives through the issuing of Royal Decree No.674 (“RD 674”). Key points of RD 674 Section 3: Definition of IBCs Section 4, 5 and 6: PIT at 15% for foreign nationals working for IBCs and their required qualifications Section 7: […]

Cambodia Tax Alert: Double Tax Agreement Update
Cambodia,Regional Law

Reading Time: 4 minutesThe Cambodia General Department of Taxation (GDT) has formally announced that the Double Tax Agreements (DTAs) which the Kingdom of Cambodia signed with Brunei Darussalam, The People’s Republic of China and the Socialist Republic of Vietnam officially come into effect on 1 January 2019for Cambodian tax residents. These developments represent major milestones in Cambodia’s ongoing tax […]

Lao PDR Legal Alert: Business Competition Authority Established
Laos,Regional Law

Reading Time: 2 minutesThe Law on Business Competition (№ 60/NA, 14 July 2015) (“Competition Law”) was passed on 14 July 2015 and came into effect on 9 December 2015. In October 2018 an additional regulation was passed formalizing the establishment of the regulatory authority (the “Competition Authority”). With the establishment of the Competition Authority we expect to see […]

Regional Update: Thailand’s 2019 Power Development Plan: What to Expect
Business,Business Advice,Legal Updates,Regional Law,Thailand

Reading Time: 3 minutesDFDL Thailand, Bangkok | Expected in early January, Thailand’s forthcoming amended Power Development Plan (PDP) will set the course for nationwide power system development and operation over the coming years. The amended document will represent the first major update to Thailand’s PDP since 2015’s version, which in turn came three years after its predecessor. Each version […]

Cambodia Legal Alert: Cambodia’s Latest Draft Competition Law
Cambodia,Legal Updates,Regional Law

Reading Time: 4 minutesEarlier this year, Cambodia issued an English version of its Competition Law entitled Version 5.7 stated to be “based on the Draft Khmer Version as of 13 FEB 2018” (“Law”).  Below we describe some of the key features of the Law.  We have been informed that this is a final version and that it is […]

Thailand Legal Alert: Summary of Changes to LPA
Legal Updates,Regional Law,Thailand

Reading Time: 3 minutesThe National Legislative Assembly approved a resolution for the new draft Labor Protection Act (Amendment) on 14 December 2018. The amendment to the LPA is expected to be published soon and will come into effect within 30 days from the publication date in the Royal Gazette. The law is expected to take effect in March […]

Cambodia Tax Update: Important – Taxation of Individuals
Cambodia,Regional Law

Reading Time: 4 minutesWhilst a lot of discussion has been in made in recent times regarding the impact of the proposed seniority payments a much more significant and far-reaching area of tax reform is expected to be ushered into effect with the anticipated  promulgation into law this month of the 2019 Law on Financial Management (2019LFM). Compared to […]