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On 1 October 2014, the Arbitration Act 2013 (the new Act) came into force in the British Virgin Islands (BVI). The new Act replaces the Arbitration Ordinance 1976 (the old Act) and is a modern and long-awaited statute. The new Act is designed to remedy the shortcomings of the previous Act. It adopts the UNCITRAL Model Law, subject to some limited modifications and supplementation. As might be expected for a statute grounded in the concept of comity, the new Act expressly provides that in construing its terms the courts must consider its international origin and the need to promote uniformity in its application and the observance of good faith
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Enforcing arbitral awards in the British Virgin Islands
This article was first published in Lexis Nexis, January 2015.