Knowledge Highlights 6 November 2024
Arbitration of maritime disputes: A Myanmar perspective
Allen & Gledhill (Myanmar) Managing Director Minn Naing Oo, Senior Foreign Associate Kang Yanyi and Associate Nang San Aung contributed an article titled “Arbitration of maritime disputes: A Myanmar perspective” as part of the 2021 Maritime Arbitration Enforcement Series published by the Singapore Chamber of Maritime Arbitration.
Since the opening up of Myanmar’s economy in 2011, there has been an increase in the flow of foreign direct investment into the country. Legal reforms have also been made to ensure a strong legal framework to attract and protect foreign investment, and to provide a better environment for all investors to do business.
In Myanmar, arbitration has always been a mechanism used in settling disputes, particularly in contracts involving foreign parties. The enactment of the 2016 Arbitration Law has updated the arbitration regime in Myanmar. In addition, arbitration has gained in popularity as more local companies have become aware of arbitration, and remains the dispute resolution mechanism of choice in cross-border transactions.
This article discusses arbitration and maritime law in Myanmar to provide insights to investors interested in Myanmar.
First published by the Singapore Chamber of Maritime Arbitration (SCMA).
