Regulatory Alerts2015-05-11
Arbitration (Amendment) Act, 2015
The House of Assembly of the Virgin Islands enacted this legislation to amend the Arbitration Act (Act No. 13 of 2013) by standardizing official publication references and clarifying regulatory rule-making powers. The Act inserts the word “Gazette” into Sections 1, 87, 95, 99, and Schedule 4, while Section 2 receives a corresponding editorial addition. Section 107 is substantially revised to empower the Board with rule-making authority, define fit and proper appointment criteria, and authorize the BVI IAC to exercise those powers if the Board remains unappointed, with commencement deferred to a Governor-appointed date.
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