Colin Ng & Partners LLP (“CNP”) has entered into an agreement to form a strategic association with leading Myanmar law firm, Fame Myanmar Co Ltd (“FM”). The association will leverage on the relevant capabilities and resources of both law firms.
CNP recognizes the economic potential of Myanmar, and the steady increase in foreign investment into the country ever since the new foreign investment law was enacted by the Myanmar government on 2 November 2012. With a population of over 60 million people, significant natural resources and a strategic location in the heart of Asia between India and China, Myanmar is widely regarded as the last sizeable economy in Asia that remains markedly underdeveloped and untapped.
In 2013, CNP acted for Alliance Brewery Company Limited in its joint venture with Asia Pacific Breweries Limited – a subsidiary of Heineken N.V., to build and operate a brewery in Myanmar. CNP has also acted for several Singapore companies in joint ventures and other commercial transactions with Myanmar entities in recent years.
The strategic association would provide both CNP and FM with greater opportunities to work on a whole range of cross border transactions, and to better cater to the needs of their respective client bases. “CNP welcomes the opportunity to share and tap on the expertise and experience of FM in relation to transactions in Myanmar, as part of the firm’s regionalization drive”, said Lisa Theng, Joint Managing Partner of CNP. “With reforms in Myanmar gathering pace, some of our clients are increasingly interested in looking to Myanmar to increase their investment portfolios. The alliance with FM makes us well-positioned to cater to the interests and needs of our clients”. Soe Thein, Managing Director of FM, added: “With the opening up of the Myanmar market, it will be a matter of time before our clients will look beyond national borders for new business opportunities. As Singapore is a stable and well poised business hub, our clients will benefit from CNP’s established practice in Singapore and also leverage on CNP’s strong network in the region”.
FOR MORE INFORMATION, PLEASE CONTACT:
(Myanmar Focus Group)
DID: 6349 8661
Fax: 6323 8282
ABOUT COLIN NG & PARTNERS LLP
Established in 1988, Colin Ng & Partners LLP (“CNP”) is a full-service law firm with a talent for cross-border business. With more than 100 staff, including more than 50 lawyers, and a strong network of international contacts, the firm has the capability to deliver legal solutions in Singapore and beyond.
CNP is consistently recognised as being amongst the top law firms in Singapore by leading legal publications such as Asia Pacific Legal 500, International Financial Law Review 1000 and AsiaLaw Profiles and Merger markets.
Our services include banking & finance, capital markets, corporate & M&A, commercial, employment, funds, insolvency and restructuring, intellectual property and technology, telecommunications, litigation and arbitration, private clients, real estate, shipping and regulatory and compliance.
ABOUT FAME MYANMAR CO LTD
Based in Yangon, Fame Myanmar Co Ltd (“FM”) has an extensive practice providing a full range of business legal services and expertise in all key industry sectors. FM has positioned itself to be the market leader by partnering with experts and professionals who had served in various government agencies. All the founding members of FM have served and retired as high ranking government officials in the ministries of their respective areas of expertise. With their collective knowledge, years of experience and wide range of network, FM is well equipped to advise clients with the highest professionalism, integrity and transparency.