Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 3 - Jul/Aug/Sep 2022
 

Insolvency Law Update

The Directorate of Investment and Company Administration (DICA) issued an announcement regarding the liquidation of companies with effect from 1 September 2022 in accordance with the Myanmar Insolvency Law 2020 (MIL). Based on the announcement, Form W-01 (Notice of appointment of liquidator for company/body corporate) and Form W-09 (Liquidator’s final account of winding up of a company/body corporate) are now to be used to register and submit winding up applications through Myanmar Companies Online (MyCO).


Ongoing company liquidation cases can still use J Forms (Forms relating to winding up), but going forward W Forms will be used for the winding up of a company.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

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