It can be seen that many of the principles of the Myanmar Legal System and in particular the Com-mercial and Corporate Laws are based upon the principles of the Common Law Legal System and thus belonging to the Common Law Legal Family.
(Business Laws of Myanmar)Whenever a foreign investor comes into a country to invest, one of the queries that he might possibly make is that: Is the legal framework of the host country transparent? The answer lies in a couple of points that commercial lawyers might ask to remove any doubt.
(The Transparency of the Economic
Legal Framework of Myanmar)The concept of the rule of law emphasizes the necessity of establishing a rule based society in the interest of legal certainty and predictability. The principle of the rule of law also contains independence, impartiality, integrity, propriety, equality, competence and diligence. The rule of law will provide stability and propriety for the community. To have these two pillars of stability and propriety the rule of law is the cornerstone.
(The concept of the rule of law)Whenever a foreign investor goes to a new country, he is justly concerned with his rights and liabilities under the Law. These concerns are about what remedies will he have whenever there is a breach by the other party, or his liabilities if he breaches the terms of his business transactions?
(The Legal Framework of the Practical
Settlement of Disputes in the
Union of Myanmar)Most economists envisage that the next century will be the century of Asia. It is envisioned that Asia would undergo a dynamic economic growth. Myanmar’s economic and political situation is stable and this will enhance the opportunities of economic growth.
(A Perspective of The Legal Framework
of Economic and Investment Law in
the Union of Myanmar)History has proved that new ideas are required to keep in line with a changing structure of the human society. In the same way, new concepts must be born to suit the changing structure of International Law and International Relations. The Liberal School has created a new concept. This creation is indeed an invention for the advancement of International Law, International Relations and the international community as a whole.
(The Modern Concept of Custom in
International Law)
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