Myanmar court rejects dissolution of Kirin brewery joint venture

Japanese company's military partner has means to drag out legal proceedings

Myanmar Brewery is owned 51% by Japanese brewer Kirin, which decided in February to unwind the partnership after Myanmar's military took control of the country.

Nikkei staff writer

January 26, 2022 18:43 JST

Updated on January 26, 2022 19:58 JST

BANGKOK/YANGON -- A Myanmar court on Wednesday rejected the dissolution of Myanmar Brewery, a joint venture between Japanese brewer Kirin Holdings and Myanma Economic Holdings (MEHL), which has close ties to the Myanmar military.

The Yangon West District Court held a sixth hearing with interested parties on Wednesday and decided to reject the petition for dissolution filed by MEHL. The court accepted Kirin's argument that MEHL's petition under The Myanmar Companies Law was invalid.