2016 | Agosto 24
With the newly elected democratic government in Myanmar, investors are keen to investigate the opportunities Myanmar presents at this exciting time in its history. Historically investors have been concerned by the lack of a fair and efficient dispute resolution framework. This concern has been addressed by the enactment a new Arbitration Law which gives effect to the New York Convention and largely follows the UNCITRAL Model Law.
One concern often historically cited by investors considering Myanmar was the lack of a fair and efficient dispute resolution framework and the apprehension, often experienced by foreign investors in unfamiliar jurisdictions, that partiality in the local courts could work to their disadvantage and threaten their investment in the event of a dispute arising