Support DURING turbulent times
Supply Chain Due Diligence
We have developed a new fixed fee service to assist companies undertake due diligence of their supply chain to help your business navigate the increased compliance risks that many of us face. The service draws on our proprietary database and other available data to provide you with independent assurance regarding your business counterparties. Enhanced due diligence can also be arranged.
Enhanced Corporate Compliance
Corporate compliance in Myanmar is now more important than ever. SCM Legal can help your business navigate the compliance and operational challenges you are facing, particularly in the areas of Companies and Investment Law compliance, corporate administration, remittances and other payment flows, employment, taxation, land, licensing and other areas. Many of our services are provided on a fixed fee basis and we have in-depth experience across many sectors including financial services, telecommunications, consumer goods, manufacturing, energy and resources, infrastructure and agriculture.
Restructuring and cost reductions
Many businesses are seeking to urgently reduce costs and protect revenue, including by renegotiating contracts and/or activating force majeure and other relief rights and by reducing costs and re-routing revenue. We can assist you with a legal review of your business to identify and implement restructuring strategies to help your business respond to the current difficult conditions, with a focus on legal compliance and minimising the impact on stakeholders.
Investment warehousing and winding-up
Some investors are having to confront difficult decisions about reducing or suspending operations, or even on whether to exit their Myanmar investments. There are many legal considerations involved in such actions and often difficult, time consuming and frustrating processes follow. A range of practical challenges also exist, such as the incomplete implementation of the Insolvency Law (which means that it is currently not possible to complete a winding up of your business). SCM Legal can provide practical, creative and technically correct advice and solutions to help you manage these challenges and implement decisions to reduce, suspend or exit your investments.