Myanmar: The Last Tiger?
Overview:From 1970 to 2012, Myanmar’s GDP rose USD 56.7 billion, resulting in a 2012 estimated GDP of USD 59.4 billion. Having been a former military state, Myanmar had minimal infrastructure for international investors when the new quasi-civilian government came to power in 2011. Substantial economic and political reforms have been implemented since then, which laid the ground for foreign companies to again conduct business in the country. The government of President U Thein Sein has developed during the past 18 months a new legal infrastructure, which has paved the way for foreign and domestic investors to respond in droves (Myanmar foreign investment has been doubling since 2011 at a rate of 50%, year over year, with current GDP growth rate exceeding 8%). Due to its ample and diverse supply of natural resources, literate and available work force, and strategic geographical location, analysts have forecasted that Myanmar might become Asia’s next economic Tiger, more than quadrupling its GDP in the next twenty years. In this Knowledge Group LIVE webcast, a panel of U.S. companies’ and law firms’ representatives which already have operations in Myanmar, senior officials from the U.S. Departments of State and the Treasury, and representatives of the U.S. Chamber of Commerce and AMCHAM Myanmar Chapter will teach viewers how small, medium and large businesses across the United States can take advantage of Myanmar’s economic potential, current opportunities, and the rules for doing business there.
Attending this course will provide the tools you need to understand how to grow and expand your business in order to successfully participate in the rapidly growing Myanmar market, joining Chevron, Coca Cola, Pepsi, Ford, GM, Colgate, APR Energy, and many others. Advanced registration is recommended as space is limited.
Herzfeld Rubin Meyer & Rose Law Firm Limited
- Why Myanmar?
- Why the time is NOW?
- Legislative and Regulatory Update
- The Opportunities
- The U.S. Burma Sanctions update
Southeast Asia, U.S. Chamber of Commerce
- US Chamber’s role in pressing for normalized relations
- Current policy priorities and issues
- Investor perceptions based on 2015 ASEAN Business Outlook Survey
- Looking ahead
- Myanmar law – a legal regime in flux
- Establishing a presence in Myanmar
- 2012 Foreign Investment Law
- Project Finance in Myanmar
APR Energy LLC
Doing business in Myanmar: 100 MW fast track power plant
- What is fast track power and why Myanmar
- Identifying the opportunity
- Winning and closing the deal
- Project Implementation and follow through
The Inle Advisory Group, former Senior Sanctions Policy advisor, U.S. Treasury Dept., Office of Foreign Assets Control (OFAC)
- The Revised and Reissued Burmese Sanctions Regulations (31 CFR Part 537)
- Navigating the Current Myanmar Sanctions Landscape
- Other Myanmar Risk Mitigation Issues
- Unique Aspects of the U.S. Regulatory and Sanctions Environment with Respect to Myanmar
Office of East Asian and Public Affairs
- Brief update on human rights issues in Burma
- Why are there Reporting Requirements for U.S. investors in Burma?
- What are the basic elements of the report?
- Resources (formal and informal) available to businesses filing reports.
General Electric Company
- Decision to enter Myanmar market; logistical challenges.
- Opportunity, but under a cloud; US government support remains conditional.
- Ongoing challenges – SDNs.
- Ongoing challenges - banking.
Who Should Attend:
- Current representatives or company owners of small, medium, or large businesses
- Anyone interested in participating in or taking advantage of the emerging Myanmar market
For more than 25 years, Eric Rose has concentrated his practice in the global aspects of business development, specifically including mergers, acquisitions, privatizations, technology transfers, antitrust counseling, and domestic and international commercial transactions. Mr. Rose has served in several senior in-house counsel positions at leading companies such as American Standard, Tyco Toys, and John Deere. Since 2003, he has been in private practice, representing mid-tier domestic and international equipment manufacturers in the defense, natural resources, and service industries. Mr. Rose has led M&A and other complex transactions in the U.S. and more than two dozen countries on five continents. He advised the entry of American Standard in Myanmar in the 1990s, and has led the first American law office in that country since 2013.
Mr. Rose, together with an exceptional group of HRMR attorneys, regularly advises U.S. and other international clients on the intricacies of investment in Myanmar, facilitates unique government access, advises local clients on transactions with international partners, as well as supervises complex litigation matters in Myanmar and elsewhere. For example, he has advised clients in diverse legal and investment matters in Myanmar, including a U.S. investor in a potential $150 million Myanmar real-estate investment, the leading Thai pharmaceutical company in forming its new JV in Myanmar, a major consumer company in trademark registrations and litigation, a mid-tier, privately held, U.S. engineering and oil/gas equipment manufacturer's Myanmar investment strategy, as well as successfully defending the rights of vessel owners whose ships were damaged and of injured American passengers in a Myanmar airline crash.
For more than 25 years, Eric Rose has concentrated his practice in the global aspects of business development, specifically including …
John Goyer joined the U.S. Chamber of Commerce in January 2012 as senior director of Southeast Asia. Goyer concentrates on developing and implementing the Chamber’s ASEAN regional projects, as well as its bilateral programs with individual countries in the region. In addition, he is responsible for developing the Chamber’s Australia Working Group, its Myanmar outreach, and other initiatives.
Before joining the Chamber, Goyer served as vice president of the Coalition of Service Industries (CSI), a U.S.-based membership association that promotes the liberalization of international trade and investment in services. He worked with the coalition’s member companies and with U.S. trade negotiators to ensure that U.S. service industry international trade objectives were reflected in bilateral, regional, and multilateral trade agreements. He coordinated the Global Services Network, managed CSI’s annual Global Services summits, and was a member of the U.S. Government Industry Trade Advisory Committee (ITAC), advising the U.S. government on information technology, electronic commerce, and telecommunications issues in U.S. trade agreements.
Earlier in his career, Goyer was senior director of the US-ASEAN Business Council, where he monitored and reported on major trade policy and political developments and trends impacting commercial interests in Southeast Asia, with a particular focus on ASEAN economic integration. He has organized numerous trade and investment promotion missions to Southeast Asia and other events highlighting opportunities in the region.
Goyer holds a B.A. in international affairs from The George Washington University and a master’s degree in international public policy from the Johns Hopkins University School of Advanced International Studies.
John Goyer joined the U.S. Chamber of Commerce in January 2012 as senior director of Southeast Asia. Goyer concentrates on …
Cyril Chin is an American attorney-at-law based in Yangon with nearly 20 years’ experience in international project finance in both private practice and working in-house for US companies. He focuses his practice on the energy sector, including renewable energy. Mr. Chin, who speaks the Myanmar language fluently, guides his clients through the government public licensing process and assists them in complying with statutory requirements in both the U.S. and Myanmar. He represents major oil and gas exploration companies, independent power producers, financial institutions, government agencies, private entities and individual investors.
Based on his extensive international experience in energy and finance, specifically including developing and frontier markets in ASEAN, India and Africa, Mr. Chin is able to represent major companies already present in Myanmar or seeking to enter this burgeoning market. His experience globally as well as locally, and his unique knowledge of the Myanmar market, gives him the knowledge and skills to assist investors navigating the U.S. Burma Sanctions and local restrictions and work with government officials and ministries.
Mr. Chin’s practice includes assisting companies with compliance and enforcement issues. He helps clients develop internal training programs adapted to the unique circumstances of the Myanmar market, conducts internal investigations and works with government agencies.
Prior to Yangon, Mr. Chin held positions in major U.S. and U.K. Law firms in London, Hong Kong, Bangkok and Singapore.
Cyril Chin is an American attorney-at-law based in Yangon with nearly 20 years’ experience in international project finance in both …
Eric Toumayan has supported APR Energy's international business development and government relations initiatives since 2004, with focus on West Africa and the multilateral financial institutions. In 2012 Mr. Toumayan was appointed Director of Business Development and since 2013 has served as Director of Government Relations in Washington DC.
Prior to joining APR Energy Mr. Toumayan spent 25 years with World Business Inc. an international business consultancy specializing in international procurement and energy projects financed by the International Financial Institutions including the World Bank.
Mr. Toumayan has advised clients on many aspects of business development and project cycle in the energy sector including multilateral financing and implementation challenges of projects in power and oil & gas projects in developing countries.
In addition to World Business Inc. his previous employers include Skidmore Owings and Merrill in Chicago and Algeria.
Mr. Toumayan holds an undergraduate and graduate degree from the University of Pennsylvania and a Master of International Public Policy from The John Hopkins University.
Eric Toumayan has supported APR Energy's international business development and government relations initiatives since 2004, with focus on West Africa …
Peter Kucik is a regulatory and sanctions expert with nearly seven years of focus on Myanmar issues. His extensive experience ranges from assisting humanitarian and NGO activities in Myanmar, to detailed knowledge of the recent easings of financial, import, and investment restrictions. Before leaving the Treasury Department’s Office of Foreign Assets Control (OFAC) to join Inle Advisory Group in March 2014, he comprehensively rewrote OFAC's Burmese Sanctions Regulations, which recently were published. As a Senior Sanctions Policy Advisor at OFAC, he worked with senior officials from the Treasury Department and across the U.S. Government to analyze and effectuate policy options for using economic and trade sanctions to address threats to the national security, foreign policy, or economy of the United States. He assisted in the development of new sanctions programs, and coordinated new regulatory schemes to respond to and implement U.S. policy changes. Beyond his continued focus on Myanmar since 2007, he also worked extensively to administer Cuba, Counter Narcotics, Iran, Libya, and Non-Proliferation sanctions, as well as on projects impacting all OFAC programs. He received his law degree from William & Mary’s Marshall-Wythe School of Law, and his bachelor’s degree in American Government from the University of Virginia.
Peter Kucik is a regulatory and sanctions expert with nearly seven years of focus on Myanmar issues. His extensive experience ranges …
Stacey has worked as the U.S. State Department’s Human Rights Officer for Burma since late 2010. In this role she has helped shape and implement the Department’s human rights strategy with respect to Burma particularly in the areas of political prisoners, military reform, sanctions, and responsible investment. While at the Department she has also worked as the Economic Affairs Officer at Embassy London, International Labor Officer for China and Bangladesh, and as Legislative Fellow for Congressman Joseph Crowley. Prior to joining the Department, Stacey worked in the fields of international development and humanitarian assistance throughout Asia, including in China, Indonesia, and Thailand. She holds degrees with distinction from the University of California, Berkeley and the London School of Economics and Political Science.
Stacey has worked as the U.S. State Department’s Human Rights Officer for Burma since late 2010. In this role she …
Carol Fuchs joined GE’s Global Government Affairs & Policy group in 2009. She has global responsibility for managing GE’s trade controls/sanctions program. Before GE, Carol served in a similar role at Tyco International. Previously, Carol was a VP at Motorola, responsible for export controls and customs worldwide. At Motorola, she received the General Counsel Award for Professional Excellence. Carol started her legal career at the Defense Fuel Supply Center, where she received the Meritorious Civilian Service Award.
Carol serves on the Commerce Department’s Regulations and Procedures Technical Advisory Committee (RPTAC), and the State Department’s Advisory Committee for International Economic Policy (ACIEP) Sanctions Subcommittee. She previously served on the DHS Committee on Homeland Security and Export Controls and the U.S. Commercial Operations Advisory Committee (COAC) advising on customs and trade programs. Carol serves on the Board of the National Council for International Trade Development (NCITD) and previously served on the Board of the American Association of Exporters and Importers (AAEI). She leads a voluntary trade group developing “best practice” standards and she facilitates industry benchmarking sessions.
Carol Fuchs joined GE’s Global Government Affairs & Policy group in 2009. She has global responsibility for managing GE’s trade …
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Method of Presentation:
NASBA Field of Study:
Specialized Knowledge and Applications
NY Category of CLE Credit:
Areas of Professional Practice
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About Herzfeld Rubin Meyer & Rose Law Firm Limited
Herzfeld Rubin Meyer & Rose Law Firm Limited (HRMR - https://www.hrmr.us) is the Myanmar affiliated office of Herzfeld & Rubin PC (H&R), a New York-based international law firm. H&R is the first American law firm to have an affiliated law office in Myanmar, as well as the first U.S. investor in the professional services industry to hold a 100% ownership interest under the new 2012 Myanmar Investment Law. HRMR's presence in Myanmar assures foreign investors, and specifically American companies, that their interests will be represented with the same skill, expertise and ethical standards they are accustomed to in the United States. HRMR is staffed with both American and Myanmar attorneys with over thirty years of experience in Myanmar, who are fully integrated with H&R’s other 200 attorneys in affiliated offices in the United States, Romania and Israel. HRMR, thus, leverages for the benefit of its clients the firm’s deep bench of expertise in emerging and frontier markets. The firm offers a full-range of legal and business development services in international transactions, banking, corporate law, commercial litigation and international arbitration, employment law and immigration, energy, government affairs, insurance coverage analysis, intellectual property, real estate, trade (import/export) law, and personal wealth administration.
AMCHAM Myanmar Chapter
Since October, 2013, the AMCHAM Myanmar Chapter fosters commerce and trade between Myanmar and the U.S. and provides a forum to help U.S. companies do business in Myanmar. The Chapter promotes U.S. business values, which include: compliance with national laws; respect for the individual and dignity of workers; providing training and education for employees; operate according to environmentally responsible business practices; and encourage companies to be good corporate citizens and promote high standards of professionalism and business ethics.
About Southeast Asia, U.S. Chamber of Commerce
The U.S. Chamber of Commerce is the world’s largest business organization representing the interests of more than 3 million businesses of all sizes, sectors, and regions. Our members range from mom-and-pop shops and local chambers to leading industry associations and large corporations. They all share one thing in common—they count on the Chamber to be their voice in Washington, D.C.
About Weerawong C&P
About APR Energy LLC
APR Energy is the world’s leading fast-track mobile turbine power business. We provide large-scale, fast-track power, providing customers with rapid access to reliable electricity when and where they need it. APR combines state-of-the-art, fuel-efficient technology with industry-leading expertise to provide turnkey power plants that are rapidly deployed, customizable, and scalable. Serving both utility and industrial segments, APR Energy provides power generation solutions to customers and communities around the world, with an emphasis on Africa, the Americas, Asia-Pacific, and the Middle East.
About The Inle Advisory Group, former Senior Sanctions Policy advisor, U.S. Treasury Dept., Office of Foreign Assets Control (OFAC)
Inle Advisory Group (https://inleadvisorygroup.com) is a boutique firm focused on development and investment opportunities in Myanmar, Southeast Asia's newest economic tiger. Inle Advisory Group was founded in January 2013 to address a critical gap in expertise and market entry strategies tailored to Myanmar and guide international investors' navigation of the remaining U.S. restrictions and myriad other challenges there. Drawing on deep knowledge of the country and strong local connections, Inle Advisory Group ensures that clients are fully informed and able to successfully invest in this challenging environment, and promotes “gold standard” business practices that benefit both clients and the people of Myanmar. Inle Advisory Group's principals have close to 15 years of professional experience with Myanmar through their work at the Central Intelligence Agency, U.S. Department of State, and U.S. Department of the Treasury, as well as extensive time spent in-country interacting with Myanmar's government, business, civil society, and local communities. Inle Advisory Group's services include sanctions and regulatory compliance advice, political and economic risk analysis, and the development of communication, risk mitigation, and corporate social responsibility strategies.
About Office of East Asian and Public Affairs
The U.S. Department of State’s mission is to “Shape and sustain a peaceful, prosperous, just, and democratic world and foster conditions for stability and progress for the benefit of the American people and people everywhere.” The Bureau of Democracy, Human Rights and Labor, led by Assistant Secretary Tom Malinowski, advances U.S. efforts to promote democracy, protect human rights and international religious freedom, and advance labor rights globally.
About General Electric Company
General Electric Company (GE) is a diversified technology and financial services company. The products and services of the company range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. It serves customers in more than 100 countries. In 1896, GE was one of the original twelve companies listed on the Dow Jones index, and it is the only one of the original companies still listed on the Dow.