The Financial Reporting Council (FRC) and institutional bodies have published the following guidance in relation to corporate governance and directors' remuneration in the last few months.
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Australia, European Union, Indonesia, Myanmar, United Kingdom, Banking, Company & Commercial, Competition & Antitrust, Construction, Corporate Finance/M&A, Employment & Labor, Insolvency & Restructuring, Insurance, Internet & Social Media, IT & Data Protection, Litigation, Tax, Telecoms, Trade & Customs, Herbert Smith Freehills LLP
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The COVID-19 pandemic triggered severe economic shock, particularly in countries like Myanmar that rely heavily on labour-intensive industries. The recent change in the government has added further concerns to the political state of Myanmar. With this recent set of events, we have seen foreign investors and suppliers face difficulty in recovering debts in Myanmar. This Alert sets out actions that may be considered by creditors towards recovering debts from a Myanmar company.
Dispute Resolution
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