Title 11, Commerce, Technology and Trade

There shall be two Fisheries Advisory Committees, one for St. Croix and one for St. Thomas-St. John, each to be composed of not more than 14 members appointed by the Commissioner of Conservation and Cultural Affairs. Each Committee shall include one representative each from the D…

(a) There is hereby created in the Economic Development Bank a fund which shall be known as the “Farmers and Fishermen's Revolving Loan Fund”. The Fund shall be used (1) to provide small, short-term loans to farmers and fishermen in order to encourage and promote limited capital …

(a) The Board of Directors of the Economic Development Bank is hereby authorized to grant emergency loans from the Farmers and Fishermen's Revolving Loan Fund, pursuant to Title 11, section 1405, subsection (a), paragraph (2), to farmers and fishermen who suffer damage to, or los…

This chapter shall be known and may be cited as the “Virgin Islands Antimonopoly Law”.

The purpose of this chapter is to promote the unhampered growth of commerce and industry throughout the United States Virgin Islands by prohibiting restraints of trade which are secured through monopolistic or oligarchic practices and which act or tend to act to decrease competit…

(1) Every person shall be deemed to have committed a violation of this chapter who shall:(1) Make any contract with, or engage in any combination or conspiracy with, any other person who is, or but for a prior agreement would be, a competitor of such person:(a) for the purpose or…

As used in this chapter, unless the context otherwise requires: “Trade or commerce” includes all economic activity involving or relating to any commodity or service. “Commodity” shall mean any kind of real or personal property. “Service” shall mean any activity, not covered by th…

(1) No provisions of this chapter shall be construed to make illegal:(1) the activities of any labor organization or of individual members thereof which are directed solely to labor objectives which are legitimate under the laws of either the United States Virgin Islands or the U…

(1) Every person who shall willfully do any of the acts prohibited by subparagraphs (1) and (4) or section 1503 of this chapter shall be guilty of a misdemeanor and shall be punished by a fine of up to $50,000, or by imprisonment not to exceed six months, or both.(1) The Attorney…

(1) The following civil actions and remedies are authorized under this chapter.(1) The Attorney General shall institute proceedings in the District Court to prevent and restrain violations of section 1503 of this chapter. In such a proceeding, the court shall determine whether a …

Personal service of any process in an action under this chapter may be made upon any person outside the United States Virgin Islands if such person has engaged in conduct in violation of this chapter in the United States Virgin Islands. Such persons shall be deemed to have thereb…

(1) Whenever it appears to the Attorney General that any person has engaged in, is engaging in, or is about to engage in any act or practice prohibited by this chapter, or that any person has assisted or participated in any agreement or combination of the nature described herein,…

Service of a subpoena of the Attorney General as provided herein may be made by (a) delivery of a duly executed copy thereof to the person served, or if a person is not a natural person, to the principal place of business of the person to be served, or (b) mailing by certified ma…

The examination of all witnesses under this section shall be conducted by the Attorney General or by an assistant attorney general designated by him before an officer authorized to administer oaths in the United States Virgin Islands. The testimony shall be taken stenographically…

All persons served with a subpoena by the Attorney General under this chapter shall be paid the same fees as paid witnesses in the District Court of the Virgin Islands.

In the event a witness served with a subpoena by the Attorney General under this chapter fails or refuses to obey same or produce documentary material as provided herein, or to give testimony, relevant or material, to the investigation being conducted, the Attorney General may pe…

In any investigation brought by the Attorney General pursuant to this chapter, the Attorney General may grant immunity from prosecution to witnesses called upon to testify therein. No individual granted such immunity shall be excused from attending, testifying or producing docume…

No action under this chapter shall be barred on the grounds that the activities or conduct complained of in any way affects or involves interstate or foreign commerce.

A final judgment or decree rendered in any civil or criminal proceeding brought by the Attorney General under this chapter to the effect that a defendant has violated this chapter shall be prima facie evidence against such defendant in any action for damages brought by any other …

No contract, combination, conspiracy, or other act which violates this chapter shall constitute or be deemed a conspiracy at common law.

When the language of this chapter is the same or similar to the language of a Federal Antitrust Law, the District Court in constructing this chapter shall follow the construction given to the Federal Law by the Federal Courts.

This chapter shall be known and may be cited as the “Uniform Foreign Money Claims Act”.

(1) In this chapter:(1) “Action” means a judicial proceeding or arbitration in which a money payment may be awarded or enforced in respect of a foreign money claim.(2) “Conversion date” means the banking day next before the date of which money is, in accordance with this chapter,…

(a) The provisions of this chapter apply only to a foreign-money claim in an action or distribution proceeding. (b) The provisions of this chapter apply to foreign-money issues notwithstanding the law applicable under the conflict of laws rules of this territory to other issues i…

(a) The effect of provisions of this chapter may be varied by agreement of the parties made at any time before or after commencement of an action, distribution, or the entry of judgment. (b) The parties may agree upon the money to be used in a transaction giving rise to a foreign…

(a) Except as provided in subsection (b) hereof, the proper money of the claim is, as in each case may be appropriate, the money:(1) regularly used between the parties as a matter of usage or course of dealing; or(2) used at the time of a transaction in international trade, by tr…

(a) If an amount contracted to be paid in a foreign money is measured by a specified amount of a different money, the amount to be paid is determined on the conversion date. (b) If an amount contracted to be paid in a foreign money is to be measured by a different money at the ex…

(a) A claimant may assert a claim in a specified foreign money. If a foreign money is not asserted, the claimant makes a claim for a judgment in United States dollars. (b) An opposing party may allege and prove that the claim is, in whole or in part, for a different money than th…

(a) Except as provided in subsection (c) of this section, a judgment or arbitration award on a foreign-money claim must be stated in amount of the money of the claim. (b) The judgment or award is payable in that foreign money or, at the option of the debtor, in the amount of Unit…

The rate of exchange prevailing at or near the closing of business on the day the proceeding is initiated shall govern all exchanges of foreign-money in a distribution proceeding. A foreign-money claimant in a distribution proceeding must assert its claim in the named foreign mon…

(a) With respect to a foreign-money claim, recovery of pre-judgment interest and the rate of interest to be applied in the action or distribution proceeding are matters of the substantive law governing the right to recovery under the conflict of laws rules of this territory. (b) …

(a) Subject to subsections (b) and (c) of this section, if an action is brought to enforce a judgment of another jurisdiction expressed in a foreign money and the judgment is recognized in this territory as enforceable, the enforcing judgment must be entered as provided in sectio…

(a) For the limited purpose of facilitating the enforcement of provisional remedies in an action, (i) the value in United States dollars of assets to be seized or restrained pursuant to a writ of attachment, garnishment, execution, or other legal process, (ii) the amount of Unite…

(a) If, after an obligation is expressed or a loss is incurred in a foreign money, the country issuing or adopting that money substituted a new money in place of that money, the obligation or the loss is treated as if expressed or incurred in the new money at the rate of conversi…

Unless displaced by particular provisions of this chapter, the principles of law and equity, including the law merchant, and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, or other validati…

The provisions of this chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states and territories enacting it.

If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provision…