Conyers' Richard Evans gives an overview of
the jurisdiction's rules and procedures
Given the ever-increasing use of arbitration in a myriad of
commercial disputes, the all-important question arises as to the
ease with which an arbitration award may be enforced. This may be
of particular concern if the target assets are located (or believed
to be located) offshore.
The British Virgin Islands (BVI) are known as a leading
incorporation jurisdiction with something in the region of 400,000
active registered companies. Given the symbiotic relationship
between arbitral tribunals around the world and jurisdictions where
assets are held, it is useful to consider how easy it may be to
enforce an award in BVI. For present purposes, we can assume that
the target BVI assets are either a BVI incorporated company, or
shares in a BVI incorporated company.
