On September 1, 2020, Thailand’s Securities and Exchange Commission (SEC) announced the consolidation of the annual registration statement (Form 56-1) and annual report (Form 56-2) into the new “Form 56-1 One Report” with the objective of reducing listed companies’ filing and reporting burden. The consolidated form will supersede the previous two forms starting January 1, 2022, beginning with listed companies whose fiscal year ends on December 31, 2021.

The COVID-19 pandemic has ushered in widespread economic turmoil, with quarantines, business closures, and precipitous declines in consumer and business spending causing momentous shifts in previously sound business models. This has already resulted in various business emergencies, from layoffs and broken supply chains to outright insolvency. This challenging environment seems to signal a bleak outlook for the foreseeable future, but distressed businesses—and their creditors—can take some comfort in knowing that bankruptcy laws around the world are designed for just such circumstances.

On June 17, 2020, the National Assembly of Vietnam passed the Law on Investment 2020 (LOI) and Law on Enterprises 2020 (LOE). The new laws will take effect on January 1, 2021, replacing their predecessors from 2014. These are two of the main sources of corporate law in Vietnam, applicable to both domestic and foreign companies. Some key changes for foreign investors are listed below.Law on Investment 2020

Myanmar’s new Insolvency Law (IL) came into effect on February 14, 2020, replacing the Yangon Insolvency Act 1909 and the Myanmar Insolvency Act 1920. The long-awaited replacement law was soon followed by the Insolvency Rules, issued by the Supreme Court of the Union on April 28, 2020.