[:en]After promulgation, the upcoming Civil Code currently being drafted by the Government of Lao PDR (the “GOL”) will replace the Property Law; Contract and Tort Law; Family Law; Heritage and Basis of Inheritance; Secured Transaction Law; Nationality Law; Enterprise Law; and others. It aims to homogenise and clarify the legal concepts expressed in different, and sometimes contrary, ways across the scope of numerous laws.[:]
[:en]Enacted on 20 December 2011, the Law on Intellectual Property No. 01/NA (the “Law”) is the principle legislation governing intellectual property (“IP”) protection in Lao PDR. The Law defers ultimate authority at the top of the hierarchy of IP regulations to international conventions and agreements to which Lao PDR is a party. As such, where inconsistencies exist between the Law and international conventions and agreements, the provisions of the international convention or agreement shall prevail.[:]
[:en]The Lao People’s Democratic Republic’s (“Lao PDR”) amended Law on Investment Promotion (the “Law”) recently came into force on 19 April 2017. The Law sets out some new and amended articles regarding promoted business sectors and investment incentives, forms and types of investment, and investment management mechanisms that aim to better facilitate company incorporation and improve investment throughout the country. [:]
[:en]One of the most common agreements made in Lao PDR are lease agreements, whether they are for residential accommodation, office or shop space, factory or farm land or any other personal or commercial purposes. However, from time to time, disputes or disagreements may arise from the lease agreement, many of which could have been avoidable through clearly stated terms in a lease contract or a legal review for compliance under Lao PDR law.[:]
[:en]The Ministry of Industry and Commerce (“MOIC”) recently released a Notification (No. 2633/MOIC dated 7 November 2017) (the “Notification”) regarding the abolishment of the minimum registered capital requirement for foreign investors in general business companies.[:]
[:en]ປັດຈຸບັນ, ຂໍ້ຂັດແຍ່ງທີ່ດິນແມ່ນບັນຫາທີ່ເກີດຂຶ້ນຫຼາຍ ໃນ ສປປ ລາວ, ຊຶ່ງສັງເກດຈາກການເພີ່ມຂຶ້ນຂອງຄະດີກ່ຽວກັບທີ່ດິນ ຢູ່ ສານປະຊາຊົນໃນຂອບເຂດທົ່ວປະເທດ ຢ່າງຫຼວງຫຼາຍໃນໄລຍະຫຼາຍປີທີ່ຜ່ານມາ. ໃນນີ້, ການທີ່ຂໍ້ຂັດແຍ່ງທີ່ດິນຖືກຮ້ອງຟ້ອງໄປທີ່ສານປະຊາຊົນນັ້ນ ອາດຈະເຮັດໃຫ້ຄູ່ກໍລະນີທັງສອງຝ່າຍຕ້ອງລໍຖ້າ ແລະ ໃຊ້ເວລາໃນການແກ້ໄຂຂໍ້ຂັດແຍ່ງເປັນເວລາຍາວນານ ເນື່ອງຈາກວ່າ ບັນຫາທີ່ດິນຕ້ອງປະກອບມີເຈົ້າໜ້າທີ່ຈາກຫຼາຍພາກສ່ວນເຂົ້າຮ່ວມນຳ. ສະນັ້ນ, ຈະເປັນການດີ ຫຼື ບໍ່ ຖ້າທ່ານສາມາດແກ້ໄຂບັນຫາທີ່ດິນຂອງທ່ານໄດ້ໂດຍຜ່ານຂະບວນການຍຸຕິທຳນອກສານ ໂດຍການນຳໃຊ້ທີ່ປຶກສາກົດໝາຍທີ່ມີຄວາມຮູ້ ແລະ ຊ່ຽວຊານທາງດ້ານກົດໝາຍທີ່ດິນ ເພື່ອຊ່ວຍໃຫ້ຂໍ້ຂັດແຍ່ງທີ່ດິນດັ່ງກ່າວເປັນໄປຕາມຂັ້ນຕອນນອກສານທີ່ຖືກຕ້ອງຕາມລະບຽບກົດໝາຍ.[:]
[:en]On 11 May 2017 the Draft Amended Law on Water Resources was adopted by the National Assembly and is currently under committee review.[:]
[:en]In accordance with the 5 Year Work Plan for the Creation and Revision of Laws of the VIII National Assembly (2016-2020) the Law on Minerals is currently under revision to be submitted to the Prime Minister’s Office for submission next month.[:]
[:en]All business relating to financial institutions (including deposit/non-deposit-taking micro financial institutions, credit unions and savings, leasing companies, pawn shops, money transfer companies, etc) is subject to temporary suspension from 1 March 2017 until 28 February 2019.[:]
[:en]In line with the policy to adjust the maximum ceiling of the insurable earnings under the National Social Security Fund framework at five times the minimum wage set by the Government of Lao PDR and adjusted from time to time, as of 1 January 2017 the maximum ceiling of insurable earning has been raised from 2 million Kip to 4.5 million Kip.[:]
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