HRMR PRESS RELEASE

YANGON, MYANMAR (February 1st, 2018)

HERZFELD RUBIN MEYER & ROSE LAW FIRM LIMITED (HRMR), the Myanmar office affiliate of the New York-based international law firm Herzfeld & Rubin PC (H&R), today announced the closing of its Yangon office effective at the end of February 2018, some five years after it first entered the Myanmar market. The firm’s decision to exit Myanmar follows a strategic review of the market. HRMR’s managing director, U Kyaw Hoe, will establish a new independent law firm in Yangon together with Advocate U Naing Lin Zaw. H&R will form a co-operation relationship with the new firm in a bid to continue serving its clients in the country.

H&R Managing Member Mark A. Meyer said: “The firm has continuously monitored the market in light of its investment priorities. Consequently, it recently has concluded that continuing its presence in this market in its current affiliated office format is no longer a viable alternative, and it has decided to close its Yangon office. Our firm focusses on assisting SMEs and individual investors enter and flourish in frontier and developing markets. As a full service law firm, we have been able to bring to Myanmar a new level of legal services previously unavailable. Together with our Myanmar colleagues, we have helped draft new legislation and rules, have introduced the defense of minority shareholder rights in public companies, have established new levels of tort responsibility and compensation, as well as helped educate numerous interns and Myanmar attorneys. Yet, circumstances have changed which has resulted in a necessary change of strategy in line with our priorities.”

Eric Rose, HRMR’s Lead Director, said: “H&R was the first U.S. law firm to establish an affiliated office in Myanmar. The firm has since undertaken numerous high-profile transactions on behalf of international and local clients. Still, local and global markets have evolved since 2013, and H&R’s strategic priorities have changed as well. We are very grateful to our Myanmar colleagues, past and present, for their hard work over the years on behalf of numerous American and foreign clients."

Together with his colleague, Advocate U Naing Lin Zaw, U Kyaw Hoe, who is the Chief Counsel of the NLD, will continue to bring his problem-solving expertise from his many years in opposition to assisting clients with a variety of government concerns and issues before the first democratically-elected government of Myanmar in more than half a century. He has been HRMR’s Managing Director since its inception and, for almost forty years, has guided clients through the complexities of operating in this frontier market. Said U Kyaw Hoe, "With our new platform, HRMR’s clients can continue to rely on our expertise for assistance in dealing with the NLD-led government at the Union level, as well as at the local, regional and state levels.”

U Naing Lin Zaw has been HRMR Counsel since the firm’s inception in 2013. His practice is concentrated in intellectual property work (trademark, copyright, industrial design and patent), both regulatory and contentious, as well as corporate matters (company organization and investment registration, commercial contracts negotiation, drafting and implementation, joint ventures, etc.). Furthermore, since 2009, he has assisted Myanmar and foreign clients in real estate matters (land & tenure, partnership, housing, land confiscation, agricultural development, etc.), labor and employment law (employment contracts, union matters, structured compensation, etc.), wealth management (trusts & estates, wills, division of property, etc.), contracts, and tort issues and litigation. His clients have included domestic and international corporations, individual businessmen, NGOs and INGOs, as well as members of State parliament. A graduate of the East Yangon University Faculty of Law (LL.M. 2008), U Naing Lin Zaw received his Advocate license in 2015. He has been a law lecturer to local students, as well as to candidates for judicial and law officer exams, for which he has published a training handbook. A noted litigation specialist in both civil and criminal matters, he has represented the All-Burmese Students Democratic Front, the All Arakenese Student and Youth Congress and other political dissidents. U Naing Lin Zaw is frequently quoted in the domestic and international media as an expert on the Myanmar legal system.

For further information on the Kyaw Hoe & Naing Lin Zaw Law Firm, please contact:

U Naing Lin Zaw
Partner
Kyaw Hoe & Naing Lin Zaw Law Firm
56, 1st Floor(A), Zalon Street
Sanchaung Tsp., Yangon
Tel. +95.9.765.065.170
Mob. +95.9.506.5170
e-mail. mr.nainglinzaw@gmail.com

For further information on HRMR, please contact:

Eric C. Rose
Herzfeld & Rubin PC
125 Broad Street, Suite 1200
New York, NY 10004-2423
Tel. +1.212.471.8455
Fax. +1.212.344.3333
Mob. +1.973.981.2110
e-mail. erose@hrmr.us
Twitter: @ericcrose
SKYPE: ericrose

Founded in 1948 and headquartered in New York City, Herzfeld & Rubin P.C., an AV-rated firm listed in the Martindale-Hubbell® Bar Register of Pre-Eminent Lawyers™, is a full service, internationally known law firm with over 200 attorneys in New York and four affiliated offices in the United States, Europe and Israel.

99B Myay Nu Street, LAMAI Condo, Suite 6D, Sanchaung Twp., Yangon 11111, Myanmar - Phone: +95 1 230-5935
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