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Burma: New Foreign Direct Investment Law Adopted

(Sept. 12, 2012) On September 7, 2012, the Pyidaungsu Hluttaw (Assembly of the Union, the parliament of Burma) approved a new Foreign Investment Law, after several months of parliamentary debate and adjustments to the draft legislation “as proposed changes have gone back and forth between the assembly and the president’s office.” (Aung Hla Tun, Myanmar […]

China: Revision of Catalog of Industries for Foreign Investment

(Feb. 23, 2012) On December 24, 2011, China's National Development and Reform Commission (NDRC) and the Ministry of Commerce of China jointly issued the revised Catalog of Industries for Guiding Foreign Investment (Waishang Touzi Chanye Zhidao Mulu (2011 revision) [in Chinese], Central People's Government (CPG) website (Dec. 29, 2011)), to be implemented from January 30, […]

North Korea: Foreign-Funded Business and Banking Laws Amended

(Feb. 17, 2012) The Democratic People's Republic of Korea (North Korea) amended its law on registration of businesses that have foreign funding. The change came via a decree issued on December 21, 2011, by the Presidium of the Supreme People's Assembly. The 34-article law covers registration of the founding, residence, taxation, and customs payments of […]

China: New Rules on Foreign Direct Investment with Renminbi

(Dec. 22, 2011) Foreign investors, including those from Hong Kong, Taiwan, and Macao, are now officially allowed to make direct investments in mainland China with offshore renminbi (RMB, Chinese yuan) funds. Although a pilot program of RMB settlement for cross-border trade had been launched in 2009, Chinese regulators recently issued the following two rules to […]

Thailand: Notification Restricting Foreign Takeovers of Telecom Businesses

(Oct. 5, 2011) Thailand's acting National Broadcasting and Telecommunications Commission (NBTC) published a notification on August 30, 2011, in the ROYAL THAI GOVERNMENT GAZETTE, that restricts “foreign domination” of the country's telecommunications businesses. According to a Baker & McKenzie note on the measure, “[i]t is one of the most controversial notifications to come from the […]

China: Security Review Rules on Foreign Mergers and Acquisitions Published

(Feb. 25, 2011) On February 12, 2011, the General Office of China's State Council published a circular on the security review system in mergers and acquisitions of domestic enterprises by foreign investors. (Circular Issued by the General Office of the State Council on Establishing a Security Review Mechanism in the Merger and Acquisition of Domestic […]

India: New Foreign Direct Investment Rules

(Apr. 7, 2010) On February 11, 2010, the Government of India approved new rules on foreign direct investment. They were issued on March 26 by the Department of Industrial Policy and Promotion (DIPP) and entered into force on April 1. Under the liberalized measures, the Finance Minister can endorse proposals involving foreign equity of up […]

China: Rules on Foreign-Invested Partnerships Issued

(Dec. 7, 2009) On December 2, 2009, the Administrative Measures for Foreign Enterprises and Individuals Establishing Partnership Enterprises in China were published on Xinhuanet, the online news service of the Chinese government's Xinhua News Agency, after having been issued earlier by the State Council. Effective from March 1, 2010, the Measures allow foreign investors to […]

China: New Rules to Encourage Overseas Investment

(Apr. 13, 2009) The Ministry of Commerce (MOFCOM), China's main commercial regulator, issued the Measures for the Administration of Overseas Investment on March 16, 2009. Entering into effect on May 1, 2009, the new rules encourage Chinese enterprises to invest overseas by delegating approval authority to lower-level government agencies and simplifying approval procedures. The Measures […]

Fiji: New Foreign Investment Regulations

(Sept. 29, 2008) Fiji has introduced new regulations regarding foreign investment that place restrictions on foreign investors participating in “restricted activities” (that is, investment activities subject to conditions, should non-Fijan investors wish to pursue them). While previously foreigners wishing to invest in restricted activities were regulated by a percentage of equity, they are now required […]