Myanmar

Myanmar

Myanmar passed a new Arbitration Law

05 Jan 2016

On 5 January 2016, the Union Parliament of Myanmar passed a new Arbitration Law (Law No. 5/2016). The new law provides a comprehensive legal framework for the conduct of domestic and international arbitration arising in Myanmar. This law gives effect to Myanmar's ratification (in April 2013) of the "Convention on the Recognition and Enforcement of Foreign Arbitral Awards" (also known as the New York Convention).

Nature of measure:
  • Facilitation
Type:
  • Treatment and operation (Dispute settlement)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: