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Be Pitiless or Be Penniless: Practical Pointers on Enforcing Commercial Debts in Myanmar

Be Pitiless or Be Penniless: Practical Pointers on Enforcing Commercial Debts in Myanmar

February 17, 2017

The legal system of the Union of Myanmar is a unique combination of customary law, codified English common law and recent Myanmar legislation. The principles of English common and statutory law were established in Myanmar through the British law codes as applied in the pre-independence India statutes.These statutory laws, based on and incorporating the English common and statutory law of the time, include the Arbitration Act, Companies Act, Contract Act, Evidence Act, General Clauses Act, Negotiable Instrument Act, Registration Act, Sale of Goods Act, Transfer of Property Act, Trusts Act and the Civil and Criminal Procedure Codes.

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AUTHOR

Edwin is the senior partner of VDB Loi and a leading foreign legal advisor living in Myanmar since 2012. A frequent advisor to the Government on transactions and privatizations in energy, transportation and telecom, he is widely recognized for his “vast knowledge” (Legal 500) and his ability “to get difficult things through the bureaucracy ” (Chambers, 2016). He advises international financial institutions on their largest Myanmar transactions, oil and gas supermajors, a greenfield multi- billion US$ telecom project and the Japanese Government on the Thilawa SEZ. He assisted two newly licensed foreign banks setup in Myanmar, acted for the sponsor of an 800MUS$ urban infrastructure PPP project and worked on 6 out of 7 power deals inked in 2016.
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