Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 3 - Jul/Aug/Sep 2023
 

Sub-Decree on the Implementation of Law on Investment

On 26 June 2023, the Royal Government of Cambodia adopted Sub-Decree No. 139 ANKr.BK on the Implementation of Law on Investment ("Sub-Decree"), which aims to implement the provisions of the Law on Investment promulgated on 15 October 2021 ("Law on Investment").


The Sub-Decree applies to all qualified investment projects ("QIPs"), expanded QIPs (EQIPs), and guaranteed investment projects (GIPs) (collectively referred to as "Investment Projects") registered with the Council for the Development of Cambodia or the Provincial-Municipal Investment Sub-Committees. The key features of the Sub-Decree include the following:


  1. Investment Projects Registration;
  2. Reporting Obligations and Certificate of Compliance;
  3. Investment Incentives;
  4. After-care services for Investment Projects;
  5. Acquisition, Sale, or Merger of Investment Projects; and
  6. Nullification of Investment Projects.

For more information, click here to read our Legal Update.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

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