Myanmar's New Companies Law and Investment Framework: Training Series by BLP with the Australian and British Chambers
The New Myanmar Companies Law opens up new ways of doing business for companies in Myanmar. It also implements a new regulatory approach and corporate governance regime which will raise the standard of corporate behaviour, with Directors and senior officers having much clearer obligations to stakeholders. When combined with recent changes made under then Myanmar Investment Law and other reforms it provides a much more favourable climate for business in Myanmar.
Members of the BLP team were responsible for drafting of the New Companies Law and the new Investment Rules and were involved in the public consultation and revisions of the drafts over the past three years or so. Drawing from their joint involvement in the drafting process and BLP's expertise in corporate laws in other common law jurisdictions, they will provide a series of training workshops on different aspects of these laws and assist companies to obtain full advantage of, and ensure compliance with, the Companies Law and key elements of the Investment Law. Other presenters with experience in the subject area will also share their insghts.
The workshops will be detailed, hands on and practical, with use of case studies and other real life examples, and explorations of new structures and processes available under the law. Numbers will be limited and the workshops are especially aimed at those who will be using the new laws in their day to day work and decision making – in house lawyers, business development teams, finance professionals and investment analysts –but are open to anyone with an interest in the area. Participants will be encouraged to share their experiences and come along with questions to raise for discussion. To maximise the benefit to your company, please ensure you can attend all 4 workshops. Participants will receive a certificate of completion when the 4 sessions finish.
Session 1- Thursday 8 February, 2018 l 8:30am to 10:30am
Session 2- Monday 22 February, 2018 l 8:30am to 10:30am
Session 3- Friday 9 March, 2018 l 8:30am to 10:30am
Session 4- 22 March, 2018 l 8:30am to 10:30am
Where: (To Be Confirmed)
25 USD or 34,000 MMK for AustCham and BritCham members per workshop
50 USD or 67,500 MMK for non-members per workshop
Members of both AustCham and BritCham may register for the 4-course series and receive a discounted rate of 85 USD for all 4 courses
The following topics will be covered:
1. Session 1: Preparing for the new Myanmar Companies Law and company administration requirements – recap of key provisions and changes; types of companies; company incorporation; registration of overseas companies; changes of company status; company constitutions; company registers, books and records; reporting obligations and processes; how companies can act; steps required to comply with the new law; new things your company can do.
2. Session 2: Corporate governance and stakeholder protections - role, duties and responsibilities of Directors and officers; shadow directors; shareholder rights; creditor protections; related party dealings; corporate disclosure and transparency; claims against a company; DICAs powers; powers of the Court.
3. Session 3:Corporate structures and corporate finance – holding companies, subsidiaries and corporate groups; share capital and issuing different classes of shares and securities; dividends; share buybacks and capital reductions; corporate reorganisations; mergers and acquisitions; joint ventures.
4. Session 4: Companies and the Investment Law – scope of the Investment Law; screening applications; permit applications; endorsement, land use authorisation and tax incentive applications; restricted investments and notifications; status of pre-existing permits issued under the FIL or MCIL; changes to investment plans; changes of control; reporting and transparency; investor grievances; other investor rights and obligations; structuring and implementing an investment under the Companies Law and Investment Law – from feasibility study to financial close.
Due to limited space we ask that each company send only one representative to the workshops. Preference will be given to those who sign up for all 4 workshops.