Angola accedes to the New York Convention

Last August 12, the Resolution No. 38/16, was published in the Official Gazette of the State, by which the National Assembly approved the accession to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, celebrated on June 10 1958, in New York, best known as the New York Convention ("NYC").

This has been a long-awaited moment and a decisive step towards arbitration in Angola, which should be welcomed by investors and Angolan companies, since it represents an attraction for drawing investment to the country, in particular foreign investment.