Regulatory

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Regulatory

Contributors

Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Evi Koutsioumpa
Evi Koutsioumpa
  • Evi Koutsioumpa

  • Associate
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Associate
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

The Consumer Protection Bill

The BVI is close to finalising the Consumer Protection Bill, 2019 (the CPB). The CPB is intended to promote and protect consumer interests in relation to the supply of goods and the provision of services. It also contains provisions designed to ensure the protection of the life, health and safety of consumers.

Under the CPB, the Virgin Islands Trade Commission (the Commission) will be the authority responsible for receiving, investigating and resolving all consumer complaints. The Commission will also monitor the operations of recognised consumer organisations and conduct education programmes for the benefit of consumers and suppliers.

The CPB sets out a suite of consumer rights and imposes a number of obligations on every supplier of goods and services. There are also extensive provisions which prohibit unfair trade practices such as false, misleading or deceptive representations, bait advertising and unconscionable conduct. The CPB specifically prohibits unfair contract terms in any consumer agreement and notably sets out the regulatory requirements that will apply to distance selling contracts.

The CPB also creates offences and corresponding fines for breaches of certain provisions. It is expected that there will be regulations to give effect to certain provisions of the CPB.