Supreme Court Decision Casts Doubt on Certain Nominee Structures in Myanmar

17
Jan
2017

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A recently published Supreme Court case (Supreme Court decision dated 16 February 2015) is casting additional uncertainty on structures in Myanmar where persons hold property on behalf of someone else, a widespread practice in various segments of the economy.

Highlights of this note

  • Facts of the case
  • On what basis did the beneficial owner claim his property back?
  • Supreme Court reverses the lower court decisions
  • Some nominee structures under fire?
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