The confidence and transparency brought by having a modern Arbitration Act is a powerful differentiator for the BVI. BVI’s arbitration laws are impartial, efficient and designed with modern international arbitration in mind and afford parties a speedy dispute resolution mechanism that is enforceable...

The new Arbitration Act, 2013, which came into force on 1 October 2014, provides the BVI with a modern statutory framework incorporating the UNCITRAL Model Law into domestic legislation. Simultaneously, the New York Convention, which provides for reciprocal enforcement of arbitral awards, is fully extended to the British Virgin Islands from 25 May 2014...

In 2021, the BVI IAC is pleased to announce that the new version of its Arbitration Rules (“2021 Rules”) came into force on 16 November 2021. The 2021 Rules are the result of a comprehensive revision process overseen by the BVI IAC Rules Amendment Committee. The 2021 Rules draw on users’ feedback and international standards to further reinforce BVI IAC’s service to parties and professionals, and ensure the BVI IAC Rules reflect the very best of modern practice in international arbitration.

Parties to a commercial or other agreement who wish to have any future dispute referred to arbitration under the auspices of the BVI IAC can insert an arbitration clause into that agreement.

If the parties have not already entered into an arbitration agreement, or if they mutually agree to modify a previous agreement in order to provide for arbitration under the auspices of the BVI IAC, they can enter into an agreement to submit their dispute accordingly.

The BVI IAC is available to provide information pertaining to the drafting of dispute resolution clauses and agreements...

The BVI IAC’s cooperation agreements with other arbitral institutions around the world promote mutual assistance and the sharing of expertise.

The BVI IAC has entered into cooperation agreements with other arbitration institutions and international organizations around the world in order to make BVI IAC dispute resolution services more widely accessible. These agreements provide a framework for cooperation among institutions involved in the settlement of international disputes.