Looking Back: 2023 and Gazing Into: 2024
Looking Back: 2023
In 2023, the State Administrative Council (“SAC“) introduced changes and initiatives that have impacted the business sector.
Gazing into 2024
Although the SAC extended the state of emergency for six months until February 2024, it is likely to maintain the current state for an unforeseeable future due to the ongoing escalation of armed conflicts nationwide. The escalation in fighting since October 2023, including in the main trade corridor between Myanmar and China, is likely to further challenge the turnaround of Myanmar’s economy.
Full Report
Click on the link below for the full report which provides summaries of the key legal developments related to the above areas.
Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice
