DFDL

Overview On 22 February 2023, the Ministry of Commerce (“MOC”) issued a new regulation on the Forms and Procedures for Issuance of Temporary Suspension Measures and/or Decisions by the Cambodia Competition Commission (“CCC”) to strengthen the enforcement of the Law on Competition (“Competition Law”) in Cambodia. Thereafter, on 24 February 2023, the MOC issued an additional decision on the Formalities and Procedures for the Calculation of Pecuniary Penalties under the Law on Competition to ensure that the calculation of pecuniary penalties is transparent and effective...

Less than a month to go! Our Tax Team wishes to remind you of the fast-approaching deadline for the submission of your annual corporate tax returns for the financial year ended 31 March 2023 (“FY 2022-2023”). All Myanmar taxpayers (corporate entities, non-profit organizations, and individuals) should file their annual tax returns on or before 30 June 2023.   This annual return submission applies to Corporate Income Tax (“CIT”), Personal Income Tax (“PIT”) Salary Statement, Consolidated Capital Gains Tax (“CGT”), and Commercial Tax (“CT”) for the FY 2022-2023...

DFDL advised PSS Group on its strategic partnership and joint venture with I Squared Capital, a leading global infrastructure investment manager, and Berde Renewables, Inc. This collaboration brings together PSS Power’s deep local expertise and proven track record with I Squared Capital’s global experience and financial resources.The joint venture aims to develop 300 megawatts (MW) of renewable energy projects in Thailand over the next three years, focusing on solar photovoltaic, battery storage, and hybrid energy solutions. These projects will cater to the growing demand for sustainable power across industrial, commercial, and grid-scale applications in Thailand...

DFDL is pleased to announce its role as local legal counsel, supporting international counsel Mayer Brown, in advising Clifford Capital and Pentagreen Capital on their joint financing of BECIS Bioenergy Pte. Ltd. (BECIS). The financing package, structured as a green loan of USD 30 million, will support the development and construction of bioenergy projects across Southeast Asia and India. The loan includes an accordion feature, potentially increasing the total financing by an additional USD 20 million, which could bring the overall project value to USD 50 million...