07/09/23

British Virgin Islands: Recent Developments In Arbitration

There is a rising tide of international arbitration in the Caribbean. The British Virgin Islands (BVI) continue to flow with that tide. Having embarked on its international arbitration journey in 2013 by the enactment of a modern Arbitration Act, BVI is slowly but surely taking its place in the world of international arbitration. The 2013 Act came into force on 1 October 2014, and is based on the UNCITRAL Model Law on International Arbitration as adopted by the UN Commission on 21 June 1985 and as amended by the UN Commission on 7 July 2006.