Myanmar: overview of the draft arbitration bill
On 25 May 2014, the Myanmar Parliament (Pyidaungsu Hluttaw) published a Myanmar language draft of the highly anticipated Arbitration Bill.
This follows Myanmar’s formal accession to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958 (the ‘New York Convention’) in April 2013 and the coming into force of the New York Convention in Myanmar on 15 July 2013.
Several clients have expressed an interest in the Arbitration Bill as, if brought into force in its current form, it is likely to have a significant effect upon the drafting of dispute resolution provisions in Myanmar-related investment documents…
Click on the link below to read the rest of the Stephenson Harwood briefing.
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