asialaw Analysis

General business law

With an office in Yangon and operating on the ground since 1995, DFDL’s Myanmar practice specialises in banking and finance, capital markets, and corporate and projects work, with a particular focus on infrastructure, power and mining. The firm is a true hybrid practice, being international in origin but also with a strong local law operation. Partner Thida Aye and managing director Nishant Choudhary are key contacts.

Work highlights 

Advised 2C2P on its sale and the sale of both its parent company and all related Myanmar companies. 

Advised Telenor on the sale of its assets. 

Advised TotalEnergies on its exit from Myanmar, when it sold its stake in the country’s largest oil and gas field in 2022. 

Key clients 

British-American Tobacco Myanmar, China Harbour Engineering Company, Export-Import Bank of China, JX Nippon Oil & Gas Exploration. 

Myanmar Legal MHM

Myanmar Legal MHM offers a range of law services, with a particular focus on investment, M&A and banking and finance. The firm has a team of senior lawyers with many years of international and domestic experience, covering a range of practice areas and jurisdictions. Myanmar Legal MHM is also capable of undertaking cross-border matters. Takeshi Mukawa, Kana Manabe and Khin Cho Kyi are key contacts.

Work highlights 

Advised Kirin Holdings Company on its exit from Myanmar. 

Advised Myanmar Agro Exchange Public Company on its listing on the Yangon Stock Exchange. 

Assisting CB Bank on domestic financing transactions. 

Rajah & Tann Myanmar

Rajah & Tann Myanmar is a full-service law firm capable of providing high-quality legal services in all sectors, including foreign direct investment projects, corporate and M&A, banking and finance, energy and projects, and competition and antitrust. Unlike many foreign law firms, Rajah & Tann Myanmar acts for many large Myanmar companies, an indication of the firm’s strong local presence and expertise. Key contacts include Chester Toh and Min Thein. 

Work highlights 

Represented Ooredoo South East Asia Holding on the sale of its telecom business to Nine Communications. 

Advised Myanma Apex Bank on its acquisition financing of Yoma Group’s purchase of a stake in the largest e-payment player in Myanmar, Wave Money. 

Tilleke & Gibbins

Tilleke & Gibbins’ full-service outfit in Yangon provides a gateway for regional and international companies to enter Myanmar’s emerging and liberalising commercial markets. The firm focuses its practice on banking and finance, intellectual property, projects and infrastructure, and market-entry advice. As an international law firm, Tilleke & Gibbins has many large international clients who have a significant impact on Myanmar’s economy. Yuwadee Thean-ngarm and Derrick Khoo are key contacts. Partner Khoo joined the firm in 2021. 

Client feedback 

“Positive and helpful.” – Labour and employment 

Yuwadee Thean-ngarm 

“Prompt and attentive.”

Work highlights 

Assisting a client in securing a new piece of land for a significant mixed-use property development project in Yangon. 

Assisting a client with the establishment of a major manufacturing facility in Myanmar. 

Represented local shareholders in the divestment of ownership in an international joint venture in Myanmar that operates a luxury hotel in Yangon. 


VDB Loi is a leading law firm in Myanmar, with more than 90 staff in Yangon as well as a fully operational office in Nay Pyi Taw. The firm is renowned for its award-winning deals in the technology and telecommunications, energy, infrastructure, manufacturing and retail sectors. As an international law firm, VDB Loi’s core expertise includes banking and finance, corporate and M&A, and tax. Jean Loi, Edwin Vanderbruggen and Maxim Kobzev are key contacts. 

Work highlights 

Advised a large Thai beer manufacturing company on their exit from Myanmar. 

Assisting a Chinese stated-owned enterprise in providing due diligence for 380MW solar power projects in Myanmar. 

ZICO Law Myanmar

ZICO Law commenced operations in 2013 and works in a wide range of areas, including corporate and M&A, projects, infrastructure, and real estate. In particular, the firm has been consistently engaged in corporate and commercial matters for both foreign and local investors in Myanmar. The firm’s projects practice continues to maintain a portfolio of flagship clients. Geraldine Oh and Maung Thein are key contacts.

Work highlights

Advised China Triumph International Engineering on the construction and development of the 220MW solar power plant in the Minbu district of Myanmar.

Advised a Myanmar subsidiary of an international tobacco company on legal and regulatory matters.

Advised an internet service provider in Myanmar on the drafting and preparation of its Master Services and Supply of Goods Agreement.