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Doing Business In Burma: Beware Compliance Risks

Law360, New York (November 20, 2012, 1:26 PM EST) -- President Obama's historic visit to Burma/Myanmar on Nov. 19, 2012 marks an important milepost in that country's path toward a more open society, and recognizes economic and other reforms in that country. In advance of the president's visit, on Nov. 16, 2012, Secretary of the Treasury Timothy Geithner and Secretary of State Hillary Clinton eased the ban on imports of Burmese-origin goods. This action is part of a gradual unwinding of once-expansive U.S. sanctions targeting the government of Burma, and follows on the July 2012 authorizations for new investment in, and exports of financial services to, Burma....

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