Myanmar update: the road to the New York Convention — review of arbitration regime
This briefing analyses the current Myanmar regime for the arbitration and enforcement of foreign awards and considers the likely future developments necessitated by accession to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958.
On 6 March 2013, official state media reported that the Pyingdaungsu Hluttaw, or the Union Assembly of Myanmar, approved a resolution to sign the New York Convention. The Government of Myanmar has been contemplating this for some time. As noted in our client alert dated 5 April 2012, Minister of Energy, U Than Htlay, mentioned during the Myanmar Oil, Gas and Power Summit on 28 to 29 March 2012 that the government was actively considering acceding to the New York Convention…
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