On February 1, 2021, the Myanmar military overthrew the country’s democratically elected government and installed an army general as head of state, with a cadre of military officials and their allies running the government.
Continue Reading U.S. Imposes Sanctions Measures Targeting Myanmar Military Government
By: Reid Whitten
Although the traditional Burmese New Year actually falls in April, many U.S. companies are turning a new page on their calendars with thoughts of the new opportunities that await in the rapidly-opening southeast Asian nation. This past year, this blog tracked the reduction of restrictions imposed on Burma by the United States. To round out 2012 and kick off 2013, we present a few New Year’s resolutions that U.S. companies may consider as they approach a country offering great potential growth but pitted with potential legal challenges.
Continue Reading Foreign Investment in Burma: Resolutions for Business in a Very New Year
By: Reid Whitten and Cheryl Palmeri
On July 11, 2012, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) issued two general licenses lifting long-standing sanctions against Myanmar. The licenses were issued in response to historic reforms that have taken place in the country over the past year, the details of which we reported in this blog in February and May of this year.
Continue Reading OFAC Authorizes the Exportation of Financial Services to and New Investment in Myanmar