British Columbia's International Commercial Arbitration Amendment Act, 2018, was brought into force on May 17, 2018, upon receiving Royal Assent. We previously wrote about this Act in April ( click here to view the article).
The Act modernizes the Province's International Commercial Arbitration Act, RSBC 1996, c. 233, by bringing the Act into line with current international arbitration best practices. One of the goals of the amendments to the International Commercial Arbitration Act was to position B.C. as an arbitration destination for international commercial disputes.
We will continue to follow how the changes to the International Commercial Arbitration Act will impact the arbitration landscape in B.C.
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