A&O opens office in Myanmar
Two years after Allen & Overy began working in Myanmar when sanctions were lifted, the firm has opened an office in the capital Yangon.
Simon Makinson, from the Thailand office, will be running the office on the ground, assisted by two other senior lawyers and three support staff. He said: ‘On the client side we are advising across all active sectors with the ‘big ticket’ deal to date being our work for Telenor on its successful bid for one of the two recently awarded telecommunications licences in the country’s first internationally recognised public procurement process. Our work for this client continues with network deployment. Besides telecoms, we have also been active in banking and finance, energy (including oil and gas), infrastructure, manufacturing and consumer goods. U.S. OFAC and EU sanctions advice also feature prominently across all sectors in our portfolio of experience. While risk is still a key factor for corporations looking to invest in Myanmar, the business and legal framework for opportunity is improving day-by-day.’ Source: A&O
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