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January 10, 2020

Getting the Deal Through – Public M&A in Myanmar

Getting the Deal Through

With its low labor costs, growing economy, and increasingly modernized legal environment, Myanmar is an attractive destination for foreign investors. While historically M&A activities have been limited, they are expected to become more significant as the country continues to modernize its commercial legal framework.

To assist investors in this swiftly developing jurisdiction, lawyers from Tilleke & Gibbins’ Yangon office have prepared a guide to M&A regulations and formalities in Myanmar as a part of Getting the Deal Through – Public M&A, a multi-jurisdictional overview of matters related to mergers and acquisitions. The guide covers the following principal topics:

  • Country snapshot discussing the current state of M&A activity in Myanmar
  • Legal framework regulating M&A transactions
  • Necessary preparatory measures, including due diligence requirements, information disclosure, and stakebuilding
  • Required documentation, including preliminary agreements, and principal and closing documents
  • Rules on foreign law and ownership
  • Valuation and consideration
  • Crafting an effective M&A strategy
  • Scope and limitations of warranties and indemnities
  • Required taxes and fees, including available reliefs and exemptions
  • Management and directors
  • Employment implications and employee transfer procedures
  • Other relevant considerations, such as competition law, anti-corruption measures, and receivership/bankruptcy

Getting the Deal Through is currently being merged with the Lexology Navigator series, a comprehensive source for free-to-access international legal updates, analysis, and insights covering a wide range of legal topics, from anti-corruption to virtual currencies. The series—which includes the Public M&A guides—allows users to quickly compare laws and regulations across multiple jurisdictions with an easy-to-use online tool.

The full Myanmar chapter is available below as a PDF below.

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