YANGON Region Hluttaw Speaker U Htay Aung stated that any commercial disputes arising in Myanmar must be resolved in accordance with the Arbitration Law (2016).
He made these remarks in his address at the introductory ceremony for the Certified Myanmar Arbitrators (CMA) and a mock arbitration tribunal event held at the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in Yangon on 27 June.
“Increasing investment is key to a country’s economic development, and efforts are being made to create a favourable investment ecosystem in the country,” U Htay Aung said. He added that it is therefore necessary for law students and those wishing to practise as arbitrators to have a sound understanding of arbitration law.
Myanmar’s Arbitration Law was drafted based on the United Nations New York Convention (1958) and was systematically enacted in line with other international arbitration rules.
Wunna Kyaw Htin Dr Maung Maung Thein, Chairman of the Certified Myanmar Arbitrators (CMA), stated that the system of resolving commercial disputes through arbitration has shown progress over the past year or so.
“I believe the public will rely more on arbitration in the future,” Dr Maung Maung Thein said, sharing his views.
The Certified Myanmar Arbitrators (CMA) was established in September 2024, and according to records up to 12 June 2026, its membership has reached 31. To date, the organization has held two mock arbitration tribunals and has been continuously conducting arbitration support training courses to enhance the capacity of its members, according to reports. — TWA/TH