Legal Business

Harneys: British Virgin Islands positioned to become an international arbitration centre


Phillip Kite

Global head of litigation and insolvency, Harneys

The British Virgin Islands’ (BVI) Arbitration Act 2013 came into force on 1 October 2014. It is a landmark piece of legislation which is expected to propel alternative dispute resolution in the BVI into high gear. The BVI is now well-positioned to become a leading jurisdiction for international arbitration. The Act incorporates these main features: