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Enforcement of Arbitral Awards in Indochina—Law, Practice, and Alternatives

This article surveys the enforcement of arbitration awards in five Southeast Asian nations: Vietnam, Laos, Cambodia, Thailand, and Myanmar. Each has large and urgent needs for foreign investment but each presents a legal system with a less than spotless record for effective and transparent investment protection. The article reviews current laws and the extent to which practice follows the law. In light of the conclusion that law and practice are often not aligned across the region, it concludes with a short discussion of the implications and possible alternatives for those affected.