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The Evolution of Companies Legislation and Corporate Legal Landscape in Myanmar

Couverture Asian Comparative LawNous avons le plaisir de vous faire part de la publication d'un article de Rémi NGUYEN, chercheur associé à l'Irasec, portant sur le droit des sociétés en Birmanie. L'ouvrage publié par le Centre de Droit de l'Université des Philippines.

For over 100 years, the Myanmar Companies law did not change significantly even though there were important political events. For decades, Myanmar was marginalized from globalization; foreign investors were not prone to invest due to the political and economic situation in the country. Since 2012, the adoption of several important laws in the economic sphere, such as the New Investment Law of 2016 and the New Companies Law of 2017, radically modified the landscape of foreign investment in Myanmar.

The first part of this article examines how the Companies Act in Myanmar was influenced and may have been created during the British colonisation. It will then detail how the Companies Law had a different purpose after the independence of the country in 1948. Finally, it will focus on the 2017 reform of the Companies Law, which has changed the vision of the country in the international context.

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