This landmark legislative reform is aimed at creating a more favourable and standardised legal environment for the conduct of international arbitration and the enforcement of international arbitration awards in Papua New Guinea.
On 17 January 2023, the Democratic Republic of Timor-Leste (Timor-Leste) became the 172nd country to accede to United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (the New York Convention).