Companies Should Proceed With Caution In Myanmar

Law360, New York (April 30, 2013, 12:09 PM EDT) -- Following Myanmar’s landmark elections last spring that marked a transition from military to quasi-civilian rule, the United States took a number of steps to ease existing sanctions against Myanmar in an effort to promote democracy and economic reform. The efforts to ease the sanctions culminated with President Obama’s Nov. 19, 2012, visit, which was the first time a sitting U.S. president has visited Myanmar. Although U.S. persons may now engage in certain transactions with Myanmar, caution should still be exercised, as many restrictions against the government...
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