HarneysBoth the British Virgin Islands (BVI) and the Cayman Islands have recently updated and modernised their arbitration regimes. The Cayman Islands passed their legislation first, and in Cayman the process of arbitration is now governed by the Arbitration Law 2012 (theCayman Law). The BVI followed approximately 12 months later passing the Arbitration Act 2013 (theBVI Act) which now regulates the process.Both the Cayman Law and the BVI Act are largely based on the UNCITRAL Model Law on Interna...
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