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4 - Out with the Old, In with the New?
from Part II - National Approaches within Asia to the Regulation and Protection of Foreign Investment
- By Ei Ei Aung, Mahdev Mohan, Aziah Hussin
Edited by Mahdev Mohan, Singapore Management University, Chester Brown, University of Sydney
Book:

The Asian Turn in Foreign Investment

Published online:

13 August 2021

Print publication:

26 August 2021, pp 48-62
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Summary

The Myanmar Investment Law (“MIL”) and related statutory and institutional reforms (such as the Myanmar Investment Commission) seek to provide a level playing field for local and foreign investors; ensure adequate investor protections to promote investor confidence; and provide a nascent grievance mechanism for the settlement of an investor-State dispute.This chapter examines the framework and structure that the MIL advances to protect investors; and at the same time, to preserve Myanmar’s regulatory authority to pursue legitimate objectives that are consistent with international investment law, such as to prohibit investments that are contrary to the public interest, and to adopt reasonable measures to protect it.