What are the stand-out issues particular to the practice of corporate law in Cambodia?
Cambodia’s legal and regulatory framework is dynamic and rapidly evolving in almost all substantive areas, including corporate law. As such, the biggest challenge at present for us as practitioners is to remain cognisant of changes to the law and on-the-ground realties and practices.
In almost all areas of corporate law and practice, from company formation, to legal and tax corporate structuring, to transactional structuring, implementation and monitoring, 2012 has been a watershed year of development and change heralding new products and structures, greater sophistication, internationalisation and transparency than we have ever previously seen. Given the remarkable changes to the legal and regulatory framework, some of which are touched on in my answer below), this has heralded and is expected to continue with a new era for Cambodia to help move it out forever from the shadows of its difficult past.
Are there any key recent or imminent regulatory changes in Cambodia in-house counsel should be aware of?
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