Key takeaways

• The South African government recently announced a new International Arbitration Bill, which incorporates the UNCITRAL Model Law as the cornerstone of South Africa’s international arbitration regime.
• The Bill is a positive step toward promoting South Africa as an arbitral seat in the region, and is consistent with the government's efforts to attract foreign investment in line with its policy objectives.
• In that context, developments in South Africa reflect those in other BRICS countries such as Russia and India, which also recently modernised their arbitration legislation so as to improve certainty and predictability in arbitration-related proceedings.