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Lao Law 360: News Letter (July 2022)

Lao Law 360: News Letter (July 2022)

Laos is still developing in terms of legislation, and all laws and regulations are promulgated in Lao, but there is no official English translation and the original text may not be translated correctly. It is an important jurisdiction to be able to catch up with laws and regulations quickly and understand them while referring to the original text.

Laos Law 360 publishes as comprehensively as possible the information on laws and regulations published on the following websites and selects the information necessary for international companies, including Japanese companies doing business in Laos, to distribute monthly as a newsletter. Laos Law 360 publishes as exhaustively as possible the information on laws and regulations published on the following websites, carefully selects the information necessary for international companies, including Japanese companies doing business in Laos, and distributes it monthly as a newsletter.

 Lao Officeial Gasette (Lao Officeial Gasette ( Lao Government Official Gazette publication website (Lao and English)). 

http://laoofficialgazette.gov.la/index.php?r=site/index

Lao PDR Trade Potal (database of trade laws and regulations (Lao and English)).

http://laotradeportal.gov.la/

∙ Websites of ministries and agencies.

If further detailed reporting is required on the news delivered, a detailed report will be prepared (additional charges may apply).

If the news requires legal action, such as changes to internal regulations or amendments to contracts, we can introduce you to a local Lao law lawyer with expertise in the field.

1. List of promulgated laws 

05/07/2022

Law on partial amendments to the State Budget law (No 13).

06/07/2022

Prime Minister’s Order on Road Protection Areas (No 185).

12/07/2022

Prime Ministerial Decree (No 184) on microfinance operations.

 

2. Important Laws Pick Up 

12/07/2022

Prime Ministerial Decree (No 184) on microfinance operations.

Restrictions on foreign investment have been relaxed, particularly in the case of non-deposit type companies, allowing even 100% foreign investment to enter the business. In the case of deposit-type companies, foreign investment is allowed up to 51%.

For more information, please check our newsletter (only Japanese vesion)(https://oneasia.legal/8707

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