On May 3, 2018, ICSID entered into an Agreement on General Arrangements with the British Virgin Islands International Arbitration Centre (BVI IAC). The Agreement was signed on behalf of ICSID by Meg Kinnear, Secretary-General, and on behalf of BVI IAC by Francois Lassalle, Chief Executive Officer of the BVI IAC.
The Agreement is based on Article 63 of the ICSID Convention and provides the possibility for holding of ICSID hearings at BVI IAC facilities, reinforcing ICSID’s truly global presence and services. The Agreement also encourages knowledge sharing between ICSID and BVI IAC and exchange of information and publications in the field of arbitration, conciliation, and other alternative methods of dispute resolution.
The BVI IAC’s news release is available here.