Many good businesses are currently facing liquidity challenges that threaten their existence. The new Myanmar Insolvency Law introduces the concept of corporate rehabilitation and rescue, which allows for the restructuring of these businesses to preserve value and jobs as an alternative to liquidation. Chris Hughes, Partner at SCM Legal discussed how this flexible procedure can be used by our MPE&VCA members in practice – whether to make new investments to give the investee a fresh start or to preserve value in an existing portfolio company in temporary distress.