We understand that on 5 January 2016, the Arbitration Law (Union Law No. 5/2016) was adopted by the Myanmar Union Parliament. The legislation builds upon the country's recent accession to the New York Convention [see our earlier blog post here] and signals a potentially significant development in boosting support for foreign investment and marking the start of country's participation in the international arbitral community. Assuming the enacted legislation retains the scope of the draft Arbitration Bill, this new law should introduce provisions governing international as well as domestic arbitrations based on the UNCITRAL Model Law. The statute as enacted is currently only available in the Myanmar language (available here) , but we will provide a further update analysing the legislation once a translation is available.