detail - Foundation Office Myanmar
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Myanmar is ranked 110 among the 126 countries monitored in the Rule of Law Index by the World Justice Project (WJP). It holds the second-lowest position out of the 15 countries from the Asia-Pacific.
Partly due to a lack of trust in Myanmar’s rule of law, a number of foreign investors have remained cautious about investing in the country. In 2018, Foreign direct investment dropped 14%.
Arbitration would be one of the solutions to this issue. By having an arbitrator chosen by both parties involved in a dispute, the commercial resolution process is less bureaucratic and lengthy.
Myanmar is still on a learning curve related to arbitration and through our book “Arbitration in Myanmar and in other ASEAN countries”, we present how the procedure is implemented in neighboring countries from which Myanmar may choose to take inspiration from.
Our speakers Dr Maung Maung Thein, the President of College Myanmar Arbitrators, Mr William D. Greenlee and Ms. Bhawna Bakshi from DFDL, present the newly established Myanmar Arbitration Center as well as the Arbitration Law 2016. Amongst the attendees during the book launch were law students, legal experts and arbitrators from the College Myanmar Arbitrators who furthered the discussion on the future of arbitration in Myanmar.