Myanmar Directorate of Investment and Company Administration (DICA) says nominee directors and nominee shareholders will not be allowed

In Brief
According to the Section 462, Sub-section (a) (ii) of the Myanmar Companies Law, DICA announced a directive no.7/2023 on 17 January 2023, stating that nominee directors and nominee shareholders will not be allowed.

Key Takeaways
According to the Chapter 18 of the Myanmar Companies Law, in relation to the rights and responsibilities of directors, those who direct control the affairs are considered as directors according to Law, even it is not appointed as director. The appointment of nominee director will not be allowed in Myanmar.
Myanmar Companies Law specified that the director who owns the share needs to register to the Registrar.
Currently, some countries are allowed registration with the nominee shareholders and they are using a system that disclose the beneficial owner separately.
In Myanmar, it is not allowing such registration with the nominee and announce that the person/legal entity who are registered at the Registrar will be as the beneficial owner.
According to the section 421 of the Myanmar Companies Law, the information of beneficial owner can be checked with the prescribed fee at DICA.

Conclusion
We will certainly keep you apprised of any future developments in its regard. Should you need further information on Myanmar Companies Law, please drop us a line at corporate@ilawasia.com


Myanmar Intellectual Department Expected New Trademark Law to Come into Force in March 2023

In Brief

On January 12, 2023, the Myanmar Intellectual Property Department issued an announcement stating that the Trademark Law 2019, is planned to come into force in March 2023.

Key Takeaways

The Myanmar Intellectual Property Department will formally accept the trademark registration system once the Trademark Law is put into     effect. Before the Myanmar Intellectual Property Department issues the   official announcement that will come into force, mark owners must gather the necessary information to obtain trademark protection in Myanmar.

However, the registered marks/used marks are still accepting during the soft opening period according to Notification No. 63/2020.

The procedure for accepting payment will be announced from the Department with the specific notification.

The person who received the WIPO FILE User Account will be allowed to act as a representative for trademark registration after completion of the Trademark Registration training course conducted by the Myanmar         Intellectual Property Department.

Therefore, the person who received the WIPO File User Account holders and who wish to register as the trademark registration representative are required to attend the Trademark Registration Representative Training Course held in Intellectual Property Department.

Conclusion

As further updates on Myanmar’s Trademark Law becomes available, we will certainly keep you apprised of any future developments in its regard. Should you need further information on protecting trademarks in Myanmar both under the current practice and the new Law, please drop us a line at IP@ilawasia.com


How creators are learning about and navigating IP laws in Cambodia

In this interview conducted at the World Intellectual Property Forum 2022, Vicheka Lay, Partner at ILAWASIA, talks to PitchMark founder Mark Laudi about the current and future landscape of IP protection in Cambodia, his experience in handling IP claims, and his role in educating and raising awareness about IP among young innovators and start-ups. 🔗 https://bit.ly/3eTKV3q


Firms With The Best Property Lawyers In Bangkok

CleverThai website picked ILAWASIA as firm with the best property lawyers in Bangkok, Thailand.
Survey based on credentials of each notary public office, including affiliations and certifications, and third-party sources such as Google Reviews.


Top 6 picks for Notary Public Services In Bangkok

Our Notarial Services recognized as one of best options for Notary Public Services in Bangkok, Thailand, featured in CleverThai Website.
Survey based on credentials of each notary public office, including affiliations and certifications, and third-party sources such as Google Reviews.


Somphob Rodboon featured in the CIO Views Magazine and recognized as Inspiring People in Legal Services for 2022.

The CIO Views magazine listed Somphob Rodboon as one of the Top 10 Most Inspiring People in Legal Services for 2022. This special issue highlights the firm's growth under Somphob's leadership and guidance and the path to motivate ILAWASIA, with advice on aspiring to a new generation of lawyers.

Read his full interview at https://bit.ly/3yrRsZG

CIO Views magazine applauds the inspiring story of influential leaders who have redefined the industry with their passion and celebrate the success journey of business leaders who are transforming the future of every business.

Source: CIO Views, October 2022, page 52-55.


Our Cambodian Partner, Vicheka Lay, officially certified as Trademark Attorney

ILAWASIA is very pleased to announce that attorney Vicheka Lay, our partner of I.L. Asia Co., Ltd., ILAWASIA’s branch office in Cambodia, is now officially certified by Cambodia Ministry of Commerce; and this recognition leads him to become licensed trademark attorney in Cambodia.

This is according to the Notification, dated 27th September 2022, of the Cambodia Ministry of Commerce.

ILAWASIA is looking forward to serve our clients and partners on all aspects of their intellectual property matters on the ground in Cambodia.


ILAWASIA is recognized firm in tier 2 of Asia IP Patent Survey 2022 (Patent Contentious)

We are honored to announce that ILAWASIA has received Tier 2 recognition on the Patent Contentious, conducted by Asia IP Patent Survey of 2022, based on feedback and research received from corporate counsel, IP owners, brand portfolio managers in the global and regional IP community.

ILAWASIA has previously been awarded by AsiaIP in the Copyright Survey Rankings in 2022.


Asia-Pacific Trademark Rankings 2022 announced

ILAWASIA is ranked on the comprehensive list of the 10 most well-respected law firms from the Asia Pacific Region as "Top 10 Trademark Firms in Thailand" by the Trademark Lawyer, researched by CTC Legal Media, published in Trademark Lawyer Magazine, issue 3 (2022), page 30.

For more details at : https://bit.ly/3vo3F07


ILAW LAOS CO., LTD. recently received a certificate in order to honor the firm’s sponsorship of World IP Day 2022.

ILAW LAOS CO., LTD. recently received a certificate in order to honor the firm’s sponsorship of World IP Day 2022.

On 26 April 2022, Miss Viphavanh Syharath, our associate attended on behalf of the firm for World IP Day 2022 event held by The Intellectual Property Department of Laos at National University of Laos.

ILAW LAOS CO., LTD provides quality legal advice and full service of intellectual property area, we assist our client to identify their trademark and working keenly in order to ensure that our client receive the legal protection.

We are proficient in legal advice and transactional assistance, commercial and legal issues, as well as timely coordination, suitable for any business transactions.

Moreover, our practiced lawyers are well acquainted with technical and stylistic features of legal terms and vocabulary, suitable for the translation service for legal documents.