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omar faruk
Aug 01, 2022
In Welcome to the Tech Forum
Nishant Choudhary, a partner of DFDL law firm, told Myanmar media that it is very difficult for developers to obtain evidence of land acquisition in various provinces and cities in Myanmar before the deadline, that is, within a month. In addition, the power station must start operation within 180 days of the government issuing the letter of acceptance, otherwise it will be fined K150,000 (about NT$3,198) per MW for one day of delay. The document also states that although bidders can propose transactions in US dollars, the government will pay for electricity in kyat, which will be converted based on the whatsapp database central bank exchange rate on the date of payment. Experts worry that because there is not enough time to bid, companies will rush to obtain evidence of land acquisition, increasing the risk of land grabbing. Under decades of warlord rule in Myanmar, there have been frequent incidents of people being forced to relocate their land due to forcible expropriation by the military. Sorting out the issues of land acquisition and land rights left over from history is a major focus of Myanmar's democratic transformation, and it is also a major challenge for investors who care about human rights. These land grab risks have been exacerbated since the government amended the Vacant, Fallow and Virgin, aka VFV Land Law last year, as local farmers often do not have official documentation, leaving foreign consortia with Take advantage of the opportunity. Vicky Bowman, director of the Myanmar Centre for Responsible Business, a former British ambassador to Myanmar, emphasized to the author that after the revision of the VFV law, there have been reports that some wealthy businessmen have not communicated with local residents. The government applied for land use certificates, and many residents lost their right to use the land despite living on the land for many years. "Such a rush to bid would exacerbate the problem of land grabs," Bowman said. The U.S., U.K. and
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