Arbitration Rules
Arbitration Rules
BVI IAC 2021 Rules
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 (“Committee”) comprised of Christine Artero, Sherlin Tung, Chiann Bao, Thomas Granier, Victor Bonnin Reynes and Hana Doumal.
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.
They define and regulate the conduct of cases submitted to the BVI IAC. In choosing to follow these rules, parties involved in international business transactions are assured of a neutral framework for the resolution of cross-border disputes.
The BVI IAC is the only body authorized to administer arbitrations under these Rules.
BVI IAC 2016 Rules
In 2016, BVI IAC introduced a new, world-class, set of Administered Arbitration Rules.
The BVI IAC Rules were developed in partnership with leading practitioners and 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 commercial arbitration.
The 2016 BVI IAC Administered Arbitration Rules are set out in full below:
BVI IAC Rules of Arbitration are used worldwide to resolve business disputes through arbitration. The current Rules are in force as from 16 November 2016.
They define and regulate the conduct of cases submitted to the BVI IAC. In choosing to follow these rules, parties involved in international business transactions are assured of a neutral framework for the resolution of cross-border disputes.
BVI IAC is the only body authorized to administer arbitrations under these Rules.
UNCITRAL Rules
The UNCITRAL Arbitration Rules provide a comprehensive set of procedural rules upon which parties may agree for the conduct of arbitral proceedings arising out of their commercial relationship and are widely used in ad hoc arbitrations as well as administered arbitrations. The Rules cover all aspects of the arbitral process, providing a model arbitration clause, setting out procedural rules regarding the appointment of arbitrators and the conduct of arbitral proceedings, and establishing rules in relation to the form, effect and interpretation of the award.
