Myanmar enforced the Insolvency Law on 25 March 2020 along with its implementing rules on 28 April 2020. The Insolvency Law repeals the Yangon Insolvency Act 1909 and the Myanmar Insolvency Act 1920. This paradigm shift from the age-old insolvency regime provides comprehensive, unified legislation dealing with personal, corporate, and cross-border insolvency.
Unlike the previous regime, the Law presents companies with a new alternative to liquidation which is rescue and rehabilitation. The Law aims to provide efficient corporate rescue and rehabilitation for distressed businesses. Upon the rehabilitation scheme not being successful, an effective liquidation/winding-up process for non-viable businesses is also provided under the Law.
EuroCham Myanmar is pleased to invite you for a webinar on the present topic, where we will hear from leading professionals ranging from lawyers, tax and insurance professionals & bankers.
16:00 - 16:05 Welcome remarks from EuroCham Myanmar
16:05 - 16:30 Presentation on Insolvency Law & Rule 2020 by Mr. Nishant Choudhary, Deputy Managing Director at DFDL & Mr. Rohan Bishayee, Legal Advisor, DFDL
16:30 - 17:15 Panel Discussion gathering :
Mr. Nishant Choudhary, Deputy Managing Director at DFDL
Mr. Ankit Dohare, Director, Head of Coverage, ANZ Myanmar Branch
Mr. Mandar Hastekar, Finance Director, Prudential, for Insurance view
Mr. Diberjohn Balinas, Senior Tax Manager for finance and tax view
17:15 - 17:30 Q&A