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Articles by Khemphet Phonphakdy
Multilaw Real Estate Guide 2025 - Laos
Can anyone (including foreigners) own and occupy real estate in your jurisdiction (including shares in property owning companies)? Are there any restrictions? Under Lao law, land is collectively owned by the national community, with the State acting as its administrator. Foreign nationals, whether individuals or legal entities, are prohibited from owning land.
Laos updates Law on Intellectual Property with eye on foreign investment
Since the enactment of Laos’ first Law on Intellectual Property in 2007, the country has issued periodic amendments and updates to bring the law into line with current practices and needs. The latest of these, issued in November 2023 (the 2023 Law on IP), was published in the Lao official gazette on March 1 2024. Some of the most notable changes and updates under the 2023 Law on IP are highlighted below.
Laos Issues Updated Law On Intellectual Property
On March 1, 2024, the Lao official gazette published the newly amended Law on Intellectual Property No. 50/NA, dated November 20, 2023 (the "2023 Law on IP"). The timing of this update is consistent with Laos' history of providing regular revisions to the country's IP legislation since the enactment of the first Law on Intellectual Property by the National Assembly in 2007 (the "2007 Law on IP"). These revisions include amendments in 2011, 2017, and now 2023.
Laos Issues Updated Law on Intellectual Property
On March 1, 2024, the Lao official gazette published the newly amended Law on Intellectual Property No. 50/NA, dated November 20, 2023 (the “2023 Law on IP”). The timing of this update is consistent with Laos’ history of providing regular revisions to the country’s IP legislation since the enactment of the first Law on Intellectual Property by the National Assembly in 2007 (the “2007 Law on IP”). These revisions include amendments in 2011, 2017, and now 2023.
Laos Updates the Law on Commercial Banks
On October 13, 2023, Laos’ official gazette published the amended Law on Commercial Banks No. 39/NA dated July 17, 2023. The amended law came into effect on September 15, 2023, following its promulgation by the president of Laos. Below are some of the significant changes. Registered Capital Under the amended law, the minimum registered capital for establishing a commercial bank has been increased from LAK 500 billion (approx. USD 24.2 million) to LAK 1 trillion (approx.
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