Conventional wisdom suggests that investments in emerging markets can provide rich returns, compensating for the heightened legal, regulatory, political and cultural risk assumed. Going one step further, it is possible that investment in a true frontier market, such as Myanmar, can offer the opportunity for even greater rewards… provided that the investor understands the local landscape and learns how to minimize the related risks.
Pragmatic considerations: Proper execution
Proper execution of a transaction in Myanmar resembles execution elsewhere, in that the investor needs specific and credible legal advice both with respect to deal provisions and local compliance requirements. Clearly, investor protections must be incorporated into the relevant contracts. And applicable levels of compliance must be understood and adhered to.