Introduction The BVI has significantly developed and promoted its role in international arbitration in the last decade. The BVI Arbitration Act (the Act), which is modelled on the UNCITRAL Model Law, came into force in 2014, shortly after the territory joined the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the Convention). In 2016 the BVI International Arbitration Centre opened its doors with its rules based on 2010 UNCITRAL Arbitration Rules.
