Chirachai Okanurak


The Pyidaungsu Hluttaw (Union Assembly) of Myanmar enacted a number of important laws in 2012 including needed reforms of labor laws, foreign exchange, and environmental conservation. The law that garnered the most attention, by far, was Myanmar’s long awaited new Foreign Investment Law (FIL) which came into effect on November 2, 2012, with a number of amendments suggested by President Thein Sein being incorporated in the version passed into law. The FIL clarifies some issues…