BVI arbitration — frequently asked questions
The BVI Arbitration Act 2013 will come into force on 1 October 2014.
The act is designed to bring the modern principles and practices of arbitration to the British Virgin Islands (BVI) and aims to establish a fair, efficient and flexible legal framework within which to resolve disputes. Below we answer some of the key questions relating to the act:
Which disputes may be subject to arbitration under the BVI Arbitration Act? Are there any significant exceptions?
Any dispute that is the subject of a written agreement between the parties to submit to arbitration and that names the BVI as the place of arbitration may be subject to arbitration under the act. There are no restrictions as respect subject matter or value…
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