[:en]In case you missed it, Singapore’s reputation as an attractive holding company location for investments into Lao PDR recently went up a notch: after being signed way back in February 2014, the long-awaited tax treaty/double taxation agreement between Lao PDR and Singapore (the “DTA”) became effective on 1 January 2017.[:]
[:en]Arion Legal recently contributed to the exclusive chapter on arbitration in Lao PDR in Respondek & Fan’s biennial Asia Arbitration Guide (AAG). The AAG is a free publication which covers a review of 21 jurisdictions across Asia on arbitration law, practice and institutions and is a quintessential guide for all cross-border investors seeking to understand alternative dispute resolution in the region.
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[:en]The Labour Law (2013) came into effect on 28 October 2014, repealing and replacing the previous Labour Law (2006) and introducing a number of significant changes relating to the basic rules of employment in Lao PDR. As the Labour Law is now well into its third year in force, we consider one of its more significant yet often overlooked legal requirements for employers in Lao PDR – internal regulations or “work rules” of the workplace for employees. [:]
[:en]Arion Legal is pleased to congratulate our Legal Advisor, Chintala (Mam), on her milestone graduation! Mam completed her studies late last year in the Certificate of Judge, Prosecutor and Lawyer program. Mam will be admitted to the Lao Bar Association in due course. We are very proud of Mam, who undertook a substantial 32 courses as […]
[:en]PM Thongloun Sisoulith told the NA that the government will employ a number of measures to spur economic growth amid the current economic and financial constraints. The government pledged to ensure a stable and steady macro economy through the harmonised implementation of financial and currency policies and measures to ensure annual economic growth of at least 7 percent. The PM committed to closely follow up the implementation of tax and customs policies and regulations as well as amending them appropriately in order to promote investment and business operations.[:]
[:en]The government has announced its intention to increase deposits in commercial banks to 84 percent of Gross Domestic Product (GDP) by 2020, up from the 57 percent expected in 2016, in a bid to meet growing development needs. Additionally, every effort will be exerted to increase the total credit in commercial banks to 74 percent of GDP by the end of 2020, an increase on the 50 percent expected by the end of 2016.[:]
[:en]Business leaders in Thailand and the CLMV countries are urging their governments to use local currencies for trading along borders instead of the US dollar to facilitate business and cut costs. Businesses from Thailand, Cambodia, Laos, Vietnam and Myanmar will propose the plan to their governments today at the seventh Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (Acmecs) summit in Vietnam.[:]
[:en]Prime Minister Thongloun Sisoulith said yesterday the government will maintain the moratorium on new mining concessions because it needs more time to inspect a number of operations. The prime minister was speaking at a three-day conference taking place at the National Convention Centre for mining sector officials from around the country and private investors in the industry.[:]
[:en]Arion Legal is pleased to announce the appointment of Steve Goddard as new Country Manager effective from 17 October 2016. Steve replaces Kate Baillie who is relocating to Myanmar next year but will be consulting to the firm until the end of November.[:]
[:en]The Customs Department of the Ministry of Finance will begin collecting Valued Added Tax (VAT) payments next month with the department readying equipment and human resources. “At the beginning we will be collecting VAT at the first Thai-Lao Friendship Bridge between Nong Khai Province and Vientiane followed by the other international border crossings,” Acting Director-General of the Customs Department, Mr. Bounpaseuth Sikounlabout told local media during a press conference on Friday.[:]
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