It has been five years since Myanmar enacted its Arbitration Law 2016 to begin its journey of modernising its legal framework to promote arbitration as a viable mode of alternative dispute resolution in Myanmar. Over the past five years, whilst important strides have been taken to move forward on the development of the necessary framework and institutions, significant roadblocks have also been encountered, most recently with the COVID-19 pandemic and the military coup.
In this Update, we will take stock of the current development of arbitration in Myanmar, covering (a) the legislative framework; (b) the domestic arbitral institution, namely the Myanmar Arbitration Centre; (c) the recognition and authentication of Myanmar arbitral awards in foreign jurisdictions; and (d) the treatment of arbitration processes by the Myanmar Courts.
We are pleased to bring you the 2021 Regional Guide to Lending and Taking Security in Southeast Asia ("Guide"). This Guide provides a useful overview of key legal and regulatory requirements concerning lending and taking security in Southeast Asia, focusing on Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Leveraging on our experience in carrying out cross-border transactions through our Rajah & Tann Asia network, the Guide gives an overview of the domestic laws across the region and addresses typical key issues and considerations relating to lending and taking security.
Rajah & Tann Asia's Banking and Finance team comes highly recommended by industry commentators and international clients, including multi-national corporations who rely on Rajah & Tann Asia's experienced Banking and Finance practice to advise them on all aspects on finance transactions, including cross-border arrangements. Our strength lies in offering insightful and comprehensive legal advice made available through our Rajah & Tann Asia network of offices, including offices in Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.