MYANMAR Andre Gan and Kenneth See A. LEGISLATION AND RULES A.1 Legislation International arbitration in Myanmar continues to be governed by the Arbitration Law 2016 (Union Law No. 5/2016) (“Arbitration Law”), to which no legislative amendment has been made since. To recap, arbitration is defined as being international if: (a) the place of business and trading activity of at least one party is outside Myanmar at the time of the execution of the arbitration agreement;…
When investing in developing countries, many foreign investors have concerns as to their remedies in the event of…
MYANMAR Andre Gan and Jo Delaney A. LEGISLATION AND RULES A.1 Legislation Arbitration in Myanmar is governed by…
On 5 January 2016, Myanmar enacted a new Arbitration Law. The Arbitration Law provides a legal regime for both domestic and international arbitrations that closely follows the familiar UNCITRAL Model Law. It also implements the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. New York Convention awards may now be enforced in Myanmar. UNCITRAL Model Law The Arbitration Law expressly provides that its objectives are to effectively resolve domestic and international…