Panel discussion on insolvency law held

The panel discussion on the “Current Update of Myanmar Insolvency Law,” organized by the Myanmar Association of Insolvency Practitioners (MAIP), was held in a hybrid format on 8 November at the Mingalar Hall of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in Yangon.

In his opening remarks, UMFCCI Vice President U Aye Tun stated, “When facing crises due to economic conditions and financial debt challenges, company accounts are typically liquidated and dissolved in accordance with the Insolvency Law. However, this law is not…