BVI Opens International Arbitration Center
by Mike Godfrey, Lowtax.net, Washington
17 November, 2016
The British Virgin Islands International Arbitration Centre will open its premises to the public for the first time to showcase what the facility has to offer.
The Center, which was established under the British Virgin Islands Arbitration Act 2013, will provide support and facilities for arbitration and mediation proceedings in the territory. The Center's aim is to become the regional center of choice for the arbitration of disputes arising out of business activity and projects worldwide.
The Center will administer arbitrations under its own rules. It will also offer premises and support services to users of "ad hoc" or other institutional arbitration. This includes services such as financial administration, logistical and technical support for meetings and hearings, travel arrangements, and general secretarial and linguistic support.
While parties are free to nominate arbitrators of their choice, the Center will maintain a roster of highly regarded international arbitration and other dispute resolution practitioners, drawn from both common law and civil law jurisdictions, who will be able to offer arbitration in a number of languages including English, Spanish, Portuguese, Russian, Chinese, French, German, and Italian.
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