The Justice and Constitutional Development Department published the draft bill's explanatory summary in Government Gazette 40687.
The proposed legislation seeks to:
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Provide for the incorporation of the Model Law on International Commercial Arbitration, as adopted by the United Nations Commission on International Trade Law, into South African law.
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Provide anew for the recognition and enforcement of foreign arbitral awards.
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Repeal the Recognition and Enforcement of Foreign Arbitral Awards Act, 1977.
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Amend the Protection of Business Act, 1978, so as to delete an expression.
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Provide for matters connected therewith.
