Myanmar keyword: Share transfer

M&A in Myanmar’s Fast-Growing Media Sector: Not a Done Deal Yet
November 28, 2017

Foreign investments in the media sector have not been active in Myanmar this year. One of the probable reason could be the lack of clarify over foreign ownership in this sector. In this brief we analyze the restriction over foreign ownership according to the laws and requirements from the particular authorities in Myanmar. Highlights Broadcasting […]

Rights of a Minority Shareholder under the New Myanmar Company Act
August 30, 2017

1. INTRODUCTION After more than 100 years, Myanmar will soon enact a new Companies Act. The current one, Companies Act, 1914 (“1914 Act”), is a product of British colonization. In many regards it falls short of the requirements of companies, shares, stakeholders, and authorities in the economy of the 21st century. A draft for a new […]

Foreign and Single Shareholders, Resident Directors and Companies Exempt from Auditors
August 30, 2017

The New Companies Act in Practice (1): Foreign and Single Shareholders, Resident Directors andCompanies Exempt from Auditors The Myanmar government has finally proposed to change the Companies Act after more than 100 years. The Draft Myanmar Companies Bill 2017 (“Draft”) was tabled at the Union Parliament, Amyothar Hluttaw for discussions on 21 July, 2017 by […]

First Ever Transfer of Shares From a Myanmar Company to a Foreigner: Key Observations From VDB Loi Briefing
April 3, 2017

Myanmar’s Directorate of Investment and Company Administration (“DICA”) has for the first time implemented a transfer of shares in a company wholly owned by Myanmar citizens and registered as a Myanmar company to a foreigner. This is a promising news for a wide-range of business owners and foreign investors in Myanmar, given that attracting a […]

Brief Guide to M&A in Southeast Asia (Myanmar)
March 29, 2017

1. The legal system As the legal system of Myanmar has its roots in the English common law system, laws in Myanmar are similar to English law. 2. Are there restrictions on foreign investment ownership? The Myanmar Investment Commission (MIC) from time to time issues notifications and regulation covering investment by foreign investors in various […]

Client Alert: For the First Time, DICA Implements Transfer of Shares in a Myanmar Company to a Foreigner
February 14, 2017

In a game-changing move, the Directorate of Investment and Company Administration (“DICA”) has for the first time implemented a transfer of shares in a company wholly owned by Myanmar citizens and registered as a Myanmar Company (“MC”) to a foreigner, without incorporating a new legal entity. To date, it was administratively impossible for foreigners to […]