By Derrick Khoo, General Counsel, Marga Group Like a phoenix rising out of the fire, Myanmar is soaring and embracing its new role as the go-to investment destination in Asia. To spur the country forward, the Myanmar government has wisely emphasised on the introduction of new modern laws and revision of obsolete ones as a key priority for its administration. Recent encouraging developments in the Myanmar legal landscape are clear signs that the country is headed in the right direction to further cement businesses’ and investors’ confidence. Various progressive laws have been discussed, in consultation with industry stakeholders and the general public, and as advised by leading law firms. Many of these have already or are slated to take effect. For example, the Condominium Law (2016) and its implementing rules (2017) have allowed foreigners to own units in a qualifying “condominium”. The Myanmar Investment Law (2017) combined the previous two separate regimes of Foreign