The British Virgin Islands International Arbitration Centre Announces Publication in GAR
TORTOLA, British Virgin Islands (September 14, 2022) - The British Virgin Islands International Arbitration Centre (BVI IAC), an independent not-for-profit institution serving the demands for dispute resolution in the international business community, today announced the publication of GAR’s The Arbitration Review of the Americas 2023, with a chapter contributed by the Centre’s CEO, Francois Lassalle and Registrar, Hana Doumal. The chapter provides a brief insight into the intensification of arbitration in the Caribbean, and it examines how far Caribbean territories have modernised their legal systems to make them conducive to international arbitration by updating their legislation and ratifying the New York Convention.
The chapter, entitled “International arbitration in the Caribbean” examines the rise of international arbitration in the Caribbean, a region where this dispute settlement mechanism has not been traditionally promoted, as seen in the archaic nature of domestic arbitration laws in many jurisdictions. The chapter reveals that, historically, jurisdictions in the region have not paid particular attention to the promotion of international arbitration. Nevertheless, over the past few years, there has been an intensification in the promotion of international arbitration, with various jurisdictions upgrading their domestic arbitration legislation, the adoption of the New York Convention for countries that had not previously adopted it and the emergence of several aspiring international arbitration institutions in the region.
“It has been an honour to contribute this important chapter to GAR’s Americas Arbitration Review 2023,” said Francois Lassalle, BVI IAC CEO. “Since the Centre’s founding, we have tirelessly promoted arbitration in the Caribbean. We are excited to watch arbitration’s growth over the last six years and this chapter documents some of the challenges faced by Caribbean territories and the successes we’ve seen from our combined efforts to promote the Caribbean as an advantageous arbitral seat.”
Lassalle and Doumal’s abstract from GAR’s, The Arbitration Review of the Americas 2023, can be found here. The whole publication is available at https://globalarbitrationreview.com/review/the-arbitration-review-of-the-americas/2023
About the British Virgin Islands International Arbitration Centre
The BVI IAC was established to meet the rapidly evolving dispute resolution needs of arbitration users worldwide. The Centre meets the demands of the international business community for a neutral, impartial, efficient, and reliable dispute resolution institution in the Caribbean, Latin America and at the crossroads of the Americas. The BVI offers a quality legal framework as a British Overseas Territory Party to the New York Convention. Users of the BVI IAC arbitration clause benefit from arbitration-friendly legislations that improve ease of business and support. The BVI IAC Panel includes arbitrators from over 40 countries, speaking more than 20 languages, and is one of the most gender-diverse panels in the world. Equipped with state-of-the-art technology and the flexibility to meet the unique requirements of any virtual arbitration, BVI IAC offers world-class facilities for conducting arbitral hearings. For more information, please visit www.bviiac.org.