BVI International Arbitration Centre Statement in Response to the Publishing of the COI Report
BVI IAC reaffirms its position as an independent body committed to offering world-class international dispute resolution services.
TORTOLA, British Virgin Islands, May 9th 2022: The British Virgin Islands International Arbitration Centre (BVI IAC) wishes to confirm to the international business community that as an entity independent of government, it remains a neutral, impartial, efficient and reliable dispute resolution institution in the Americas and the Caribbean.
Neither the findings of the Commission of Inquiry (COI) report into the governance of the British Virgin Islands (BVI), nor any pending criminal investigations related to those findings, have any bearing whatsoever upon the administration and operations of the BVI IAC.
When he announced details of the COI report, BVI Governor John Rankin reiterated that it had not been "… an investigation into the BVI's financial services sector". He recorded his "continued support for the work of the BVI's Commercial Court, the Financial Services Commission and other regulatory bodies that continue to operate as normal acting in accordance with international regulatory standards and a robust English Common Law framework."
In common with all other independent statutory bodies in the territory, the BVI IAC welcomes the Governor’s remarks noting that the jurisdiction will continue to offer its products and services as a highly respected world-class international financial and dispute resolution centre.
For more information about the BVI IAC, please visit www.bviiac.org