5 December 2018
Pan Pacific Hotel, Yangon, Myanmar
The stars are aligning for another shake-up in Myanmar’s dynamic financial landscape: Myanmar Banks with foreign shareholders
As both local banks and interested foreign investors have looked carefully at possible business combinations, regulators ponder how to evaluate the likely future requests for approval. All of this against the backdrop of a fairly new banking law and a new companies law, meaning many of the rules are not yet well tested. How can the new deals be structured before and after official approval?
VDB Loi hosts an extraordinary workshop to exercise precisely that. How can you structure purchasing or selling a stake in a Myanmar bank?
Which joint ventures will the government allow in the banking sector?
Can a foreign investor buy shares in the holding company of a Myanmar bank?
What are the steps to approve a share transfer?
How do Myanmar financial regulations impact the joint venture/shareholders agreement?
“Due Diligence deal killers” – case studies on what we might find and how to fix it.
What are the structuring options for buying and holding a stake in a Myanmar financial institution?
Call options, convertible loans, classes of shares, trust ownership: what works in practice?
Tax implications of various structuring options
8.30am – 9.00am
9.00am – 9.30am
Structuring Options for Buying or Selling a Stake in a Myanmar Bank
How to apply the 35% rule to banks?
Convertible loans and call options
Can foreigners own shares of banks through a trust or nominees?
Buying shares in the holding company of a Myanmar bank
What if the bank owns real estate?
9.50am – 10.10am
Approval Process and Financial Regulations Impacting the Deal?
What would be the approval process for a foreign investment in a bank?
Can foreigners sit on the BOD of a Myanmar bank?
Can a foreign investor have a veto right on certain decisions?
10.10am – 10.20am
10.20am – 10.40am
Due Diligence Deal Killers
What kind of due diligence issues might come up?
Which ones cannot be fixed?
10.40am – 11.30am
Panel Discussion: What is the M&A Outlook for Myanmar banks?
MODERATORS AND PANELISTS
Mr. Edwin Vanderbruggen, Senior Partner, VDB Loi
Mr. Patrick Hanna, Partner, EY Singapore Advisory
Ms. Kyawt Kay Khaing, Deputy – CEO, United Amara Bank
Mr. Chee Seng Liew, Advisor to the CEO, CB Bank
Dr. Thaung Han, CEO, Myanmar Citizen Bank
Mr. Hal Bosher , CEO, YOMA Bank
Mr. Dominic Notario, CEO, Myanmar Oriental Bank
Mr. Muniandy R. Krishnan, CFO, KBZ Bank
Attendance at this workshop is free for VDB Loi clients. 30,000 kyats will be charged at the event to non-clients/members. Seats are limited and confirmation will be given on a first-come, first-served basis. To reserve your place, please click “Register” button under Event Details or contact Thiha Zaw at email@example.com or +951 925 3752~756, +95 9 773 788 813.
VDB Loi is a network of leading law and tax advisory firms with offices in Cambodia, Indonesia, Laos, Myanmar and Vietnam.
Our general areas of practice are corporate, finance, licensing and disputes. Our principal specialized areas of practice are energy, infrastructure, real estate and construction , telecom and taxation.