The long-anticipated BVI International Arbitration Centre opened this month, providing arbitration services in multiple languages from within the British Virgin Islands.
The BVI International Arbitration Centre will offer four hearing rooms (the largest of which will be able to accommodate 200 people), six break-out rooms and two translation rooms. It will also offer, from the Arbitration Centre’s list of over 150 arbitrators, qualified arbitrators from all around the world. Parties will also have the option of selecting their own arbitrators. The new centre will host arbitrations in a large number of languages, with the principle languages being English and Spanish.
The BVI offers numerous advantages for litigation, arbitration and alternative dispute resolution due to its stable government, sophisticated, well-developed court system and established track record as a leading and cost competitive international financial services centre. Users of the BVI International Arbitration Centre will also benefit from a dedicated concierge service to support with planning their time within the BVI.
The BVI International Arbitration Centre has been constructed drawing from the experience of other arbitration centres around the world. It follows the founding of the BVI Commercial Court in 2009, which has earned a highly respected international reputation for litigation and commercial disputes.