Arbitration In The BVI: An Introduction

The BVI International Arbitration Centre (IAC) opened on 16 November 2016 and the BVI IAC Rules (the BVI Rules) came into force on the same date giving full force to the Arbitration Act 2013 effective as of 1 October 2014 in the British Virgin Islands (the BVI Act).

The IAC in the BVI is the first centre of its kind in the Caribbean to provide a forum for dispute resolution by way of arbitration. The BVI's central location between North and South America means that parties with business and other interests in those locations are able to choose a neutral territory in which to resolve their disputes. The IAC also provides a perfect venue for arbitrations involving BVI incorporated companies.