British Virgin Islands International Arbitration Centre Announces Collaboration with Hong Kong International Arbitration Centre
BVI IAC and HKIAC sign collaboration agreement to further support the international business community
TORTOLA, British Virgin Islands (June 16, 2021) – The British Virgin Islands International Arbitration Centre (BVI IAC), an independent not-for-profit institution serving the demands for dispute resolution in the international business community, today announced that it has signed a collaboration agreement with the Hong Kong International Arbitration Centre (HKIAC).
According to Francois Lassalle, Chief Executive Officer of the BVI IAC, “The Cooperation Agreement provides both institutions with the possibility for holding hearings at the other’s facilities and encourages knowledge and best practices sharing between HKIAC and BVI IAC. We are excited about our formal collaboration with HKIAC and look forward to continuing to work together in the best interest of the international business community.”
Sarah Grimmer, Secretary-General of HKIAC said, “HKIAC’s arbitration caseload has consistently included a significant number of entities incorporated in the BVI. We are pleased to cooperate with the BVI IAC through the exchange of knowledge and best practice to support users’ needs and preferences in this jurisdiction. We look forward to working with our friends at the BVI IAC into the future.”
The BVI IAC is renowned for offering a quality legal framework and a stable political environment as a British Overseas Territory. Many business executives in emerging industries benefit from resolving disputes in the BVI, because of the flexible rules that govern the region and its openness to trying new ideas and procedures.
About BVI IAC: The British Virgin Islands International Arbitration Centre (BVI IAC) was established to meet the rapidly evolving dispute resolution needs of arbitration users worldwide. The Centre meets the demands of the international business community for a neutral, impartial, efficient and reliable dispute resolution institution in the Caribbean, Latin America and at the cross-roads of the Americas. The BVI offers a quality legal framework and a stable political environment as a British Overseas Territory Party to the New York Convention. Users of the BVI IAC arbitration clause benefit from arbitration-friendly legislations that improve ease of business and support. The BVI IAC Panel includes arbitrators from over 40 countries, speaking more than 20 languages, and is one of the most gender-diverse panels in the world. Equipped with state-of-the-art technology and the flexibility to meet the unique requirements of any virtual arbitration, BVI IAC offers world-class facilities for conducting arbitral hearings. For more information, please visit www.bviiac.org.
About HKIAC: The Hong Kong International Arbitration Centre (HKIAC) is a company limited by guarantee and a non-profit organisation established under Hong Kong law. It is one of the world's leading dispute resolution organisations and ranked third globally in the Queen Mary, University of London and White & Case 2021 International Arbitration Survey. HKIAC specializes in arbitration, mediation, adjudication and domain name dispute resolution and maintains one of the largest caseloads in the Asia-Pacific region, having handled over 11,000 commercial cases since its establishment in 1985. HKIAC offers tried and tested state-of-the-art facilities and a dedicated support team for physical and virtual hearings. For more information, go to www.hkiac.org.
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Furia Rubel Communications, Inc.: Jennifer Simpson Carr |+ 1 215 340 0480 | firstname.lastname@example.org
BVI IAC: Janette Brin |+1 (284) 393 8000 | email@example.com