10 September, 2013
Selvam & Partners is pleased to announce that it has launched in Yangon, Myanmar. The firm will serve domestic and international clients on investment and business matters, including all aspects of tax, licensing, regulatory, market entry, reporting requirements and U.S. Foreign Corrupt Practices Act and UK Bribery Act issues.
Krishna Ramachandra, managing director of Selvam LLC in Singapore, will serve as the managing partner of Selvam & Partners. He will be joined by Benjamin Kheng, an associate director of Selvam LLC in Singapore.
“Our launch in Yangon, the country’s commercial center, is driven primarily by client interest, which has intensified significantly in recent years, as well as by the country’s projected long-term economic outlook,” Ramachandra said. “In addition, our team has built a strong relationship with Myanmar and its government, as a result of working closely with the Attorney General’s Office for many years. This is a natural next step for us. We intend to build a strong local contingent of experienced attorneys and consultants, supported by the infrastructure of an international law firm, to make our clients’ Myanmar plans a reality.”
Ramachandra focuses his practice on mergers and acquisitions, capital markets, investments funds/private equity and Islamic finance law. He has many years of experience in advising issuers, funds, investment banks, listed and private companies and high net worth individuals in Asia, Europe and the U.S. on a wide range of equity and debt securities issuances, compliance and regulatory matters.
Kheng practices in the area of corporate law. He has experience advising on all aspects of corporate transactions and deal-making in Singapore and across the Asia Pacific region.
A resource-rich country strategically located on the Bay of Bengal and nestled between India and China, the Republic of the Union of Myanmar, also known as Burma, historically served as a major Southeast Asia trading center. The country has received intense attention from the international business community since the 2010 election of the country’s first quasi-civilian government. In less than three years, President U Thein Sein’s government has initiated a series of sweeping political and economic reforms leading to a substantial opening of the long-isolated country. These changes include new anti-corruption laws, exchange rate reforms, and modifications to the tax system, as well as relaxed import restrictions and the abolition of export taxes.
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