I am pleased to inform you that the Myanmar, which has been gradually re-entering the international community, has deposited its instrument of accession to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards. With an accession made without any reservation, Myanmar becomes the 149th State party to the Convention, which spans all major industrialized countries in the world.
The 1958 New York Convention will enter into force with respect to Myanmar on July 15, 2013, after which arbitration may be used far more freely, guaranteeing additional security for transactions concerning Myanmar. The UNCITRAL website provides the list of countries bound by the 1958 New York Convention through ratification, accession or succession:
https://uncitral.org/uncitral/en/uncitral_texts/arbitration/NYConvention_status.html
For additional information on international arbitration in Myanmar under the current arbitration regime, please click here:
William Kirtley’s IAA Tools – Arbitration in Myanmar (Old Regime)