Regulatory AlertsArbitration Act (Revised 2020)
The Government of the Virgin Islands issued this revised legislation to consolidate commercial arbitration by integrating the UNCITRAL Model Law with localized modifications. It establishes the BVI International Arbitration Centre to handle arbitrator appointments and specific court functions, while strictly limiting judicial intervention to expressly provided circumstances. The Act mandates fair and speedy dispute resolution through enforceable awards, clear interim measures, and flexible opt-in provisions that allow parties to tailor procedural rules.
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