The BVI International Arbitration Centre (BVI IAC), an independent not-for-profit institution, was established to meet the demands of the international business community for a neutral, impartial, efficient and reliable dispute resolution institution in the Caribbean, Latin America and beyond.
The Arbitration Act, through which the BVI largely adopted the UNCITRAL Model Law, and the BVI's accession to the New York Convention on 25 May 2014, are crucial steps, which made possible the establishment of a viable and internationally respected arbitration centre in the BVI.
Lord Goldsmith singled out the BVI International Arbitration Centre as having the potential to become the “best thought out and thus most popular” centre in the region.
A well run and well equipped ‘state of the art’ centre, together with the acknowledged quality of the BVI legal framework and the stable political environment offered by a British Overseas Territory, should enable the BVI to rapidly become a leading arbitration hub in Latin America, the Caribbean and beyond.
Board of Directors
The current five members of the BVI International Arbitration Centre Board were appointed by Cabinet effective 7 September, 2015 under section 95 of the Arbitration Act. They are Mr. John Beechey, Mr. Mark Forte, Mr. Cherno Jallow, QC, Mr. Murray Smith and Ms. Felice Swapp.