The new Arbitration Bill was approved in general terms by the Legislative Assembly in 2018 and voted into law in November 2019. Once the New Arbitration Law enters into force in May 2020, Macau's dual arbitration system will cease to exist. This legislative cohesion is likely to encourage foreign investors and partners to choose Macau as their jurisdiction for disputes and strengthen its arbitration credentials internationally.
Owing to Macau's current arbitration regime and the difficulties that it poses, foreign investors and partners typically choose other jurisdictions to resolve disputes. Therefore, the government has drafted a new arbitration bill which aims to promote Macau as a commercial arbitration centre between China and Portuguese-speaking countries and take full advantage of Macau's high number of bilingual professionals and its cultural and legal similarities to Portuguese-speaking countries.