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[null,"Prepared By:","Contributors:"]
[null,"O'Neal Webster","Nadine Whyte Laing"]
[null,null,"Asha Johnson-Willins"]
[]
[]
["Lex Mundi Global Arbitration Institutions Guide"]
[]
["Report Generated: 11/19/2025"]
[]
["View your report results on next tab"]

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["Question","Virgin Islands, British"]
["Lex Mundi Global Arbitration Institutions Guide"]
["Name of Arbitral Institution; with abbreviation, if any.","British Virgin Islands International Arbitration Centre (\nBVIIAC)\n"]
["Where is the seat of the Arbitral Institution?","The seat of the arbitral institution is located in Road Town, Tortola, British Virgin Islands.\n"]
["Is there an umbrella organization for the Arbitral Institution?","The governing body of the BVIIAC is the BVI International Arbitration Centre Board.\n"]
["How is the Arbitral Institution structured?","The British Virgin Islands International Arbitration Centre (\nBVIIAC) is a body corporate with perpetual succession. There is a five member Board of Directors of the BVIIAC and a Secretariat headed by a Chief Executive Officer appointed by the Board. The Secretariat serves as the registry for the proceedings and provides administrative services tpo the parties in arbitration.\n"]
["Is there a compulsory list of arbitrators that parties are required to choose from?","The parties are not obliged to draw from the panel of arbitrators maintained by the BVIIAC. \n"]
["Can the place of arbitration freely be chosen by the parties? Is there a default place of arbitration?","The parties are free to agree on the place of arbitration. Failing such agreement, the place of arbitration shall be Road Town, Tortola, British Virgin Islands, unless the arbitral tribunal determines, having regard to the circumstances of the case, that another seat is more appropriate. \n"]
["What is the amount of the registration fee?","The registration fee is US $1,500.00 and it is non-refundable. \n"]
["What is the average cost of an arbitration in the following cases? 1 arbitrator, amount in dispute = $1 million","Using the fee calculator on the BVIIAC's website, the estimated average cost is US $49,500.00 plus a minimum adminstration fee of US $2,500.00. The estimated maximum cost is US $66,000.00 plus a minimum administration fee of US $2,500.00. There may also be an additional deposit in the form of a 15% mark-up on the estimated maximum fee for the expenses and/or disbursements of the tribunal and BVIIAC.\n"]
["What is the average cost of an arbitration in the following cases? 3 arbitrators, amount in dispute = $10 million","Using the fee calculator on the BVIIAC's website, the estimated average cost is US $1,014,750.00 plus a minimum adminstration fee of US $2,500.00. The estimated maximum cost is US $1,353,000.00 plus a maximum adminstration fee of US $2,500.00. There may also be an additional deposit in the form of a 15% mark-up on the estimated maximum fee for the expenses and/or disbursements of the tribunal and BVIIAC. \n"]
["What is the average cost of an arbitration in the following cases? 3 arbitrators, amount in dispute = $100 million","Using the fee calculator on the BVIIAC's website the estimated average cost is US $646,125.00 plus a minimum administration fee of US $2,500.00. The maximum cost is US $861,500.00 plus a minimum adminstration fee of US $2,500.00. There may also be an additional deposit in the form of a 15% mark-up on the estimated maximum fee for the expenses and/or disbursements of the tribunal and BVIIAC. \n"]
["Who pays advances on costs? What happens in the event of default?","The Secretariat may request that the parties deposit an equal amount or amounts in such proportions as it may determine, as advances on costs. \n"]
["Does the Arbitral Institution have formalistic procedures (e.g. terms of reference) that must be complied with? If so, which ones?","The BVIIAC has formalistic procedures which regulate the conduct of cases submitted. These procedures are set out in the BVIIAC Arbitration Rules (2016). \n"]
["Which languages can be used for communication with the Arbitral Institution?","The default language is English, but there is no restriction on the language used to communicate with the BVIIAC.\n"]
["Who is the main point of contact for the parties within the Arbitral Institution?","The main point of contact for the parties within the BVIIAC is the Secretariat, headed by the Chief Executive Officer (\"CEO\").  The current CEO is Mr. Francois Lassalle.\n"]
["Are there restrictions on the language that the arbitration may be conducted in?","Subject to an agreement between the parties, the arbitral tribunal shall determine the language or languages to be used in the proceeding. \n"]
["Who appoints substitute arbitrators?","A substitute arbitrator is appointed pursuant to the same procedure used for the appointment of the arbitrator being replaced. \n"]
["Are there specific regulations for multi-party arbitrations or joinders to the proceedings?","Yes.  Our rules provide that in multi-party arbitrations, the method of appointment of arbitrators is unless the parties have agreed otherwise, that the multiple parties jointly, whether as claimants or respondents, shall designate an arbitrator or arbitrators. \n"]
["Are oral hearings compulsory?","Oral hearings are not compulsory, but in the event that oral hearings are required, the arbitral tribunal shall give the parties adequate advance notice of the date, time, and place of the hearing. \n"]
["What are common evidence-taking practices?","Evidence may be given orally or in writing in the form of statements signed by the witnesses. The arbitral tribunal may require parties to produce documents or other evidence and will determine the admissibility, relevance, materiality, and weight of the evidence offered.\n"]
["What is the average duration of arbitration proceedings?","It varies. The duration will depend on the nature and complexity of the claim.\n"]
["What is the timeframe for rendering the award?","There are no fixed time frames for rendering awards.\n"]
["Are extensions to time limits permissible?","The arbitral tribunal may extend time limits if it concludes than an extension is justified. \n"]
["Can the arbitral tribunal impose interim measures? Is there a competing competency of the ordinary courts with regard to interim measures?","The arbitral tribunal may, at the request of a party, impose interim measures. The Court may, on the application of a party, grant interim measures in relation to any arbitral proceedings which have been or are commenced in or outside the Virgin Islands. The Court may decline to grant an interim measure on the grounds that (a) the interim measure sought is currently the subject of arbitral proceedings, and (b) the Court considers it more appropriate for the interim measure sought to be dealt with by the arbitral tribunal.\n"]
["Do the institutional rules provide for an emergency arbitrator?","No\n"]
["Are there any specific regulations for expedited proceedings? If so, is there a deadline for rendering such an award?","No\n"]
["Are arbitral awards submitted for scrutiny? If so, to whom?","The arbitral tribunal shall submit its award in draft form to the Secretariat of the BVIIAC. The Secretariat may suggest modification as to the form of the award and may draw the arbitral tribunal's attention to points of substance. \n"]
["Do costs necessarily follow the event?","Costs usually follow the event.\n"]
["Can an arbitral award be annulled in your jurisdiction? If yes, do the reasons for annulment in principle correspond to the reasons for denial of enforcement according to the New York Convention?\n","An arbitral award can be set aside and the basis for so doing correspond in principle to the basis for refusing to enforce an arbitral award according to the New York Convention.\n"]
["Link to institutional rules","http://bviiac.org/Portals/0/Files/Arbitration%20Documents/20161125BVIIACArbitrationRules-clean.pdf"]
["Link to model clause","http://bviiac.org/Portals/0/Files/Arbitration%20Documents/2016BVIIACArbitrationClause.pdf"]