Myanmar – Dissolution of a Company under Insolvency Law

This newsletter provides an overview of the legal framework for dissolving companies under Myanmar's Insolvency Law 2020. It outlines key procedures applicable to voluntary and court-ordered winding-up, including the roles of directors, creditors, and insolvency practitioners.
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Describe

Key Takeaways:

  1. Winding up a company
  2. Types of Winding up a company
  •  Voluntarily Winding Up
  • Winding up by Court Order

3. Roles and Responsibilities of a Liquidator or Insolvency Practitioner under the Insolvency Law (2020)

  • Appointment of a Liquidator
  • Authority and Duties of the Liquidator
  • Reporting Obligations

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