Trade Disputes in Switzerland
- Due to security, political stability, a highly developed infrastructure and neutrality, Switzerland has a long tradition as a place for international arbitration. A number of chambers of commerce offer arbitration services. Among these, the most important are the Zurich and the Geneva Chamber of Commerce, but also the Swiss-German or the Swiss-American Chamber of Commerce. Each of these chambers offer their own arbitra-tion rules designed for international arbitration cases.
- Arbitration Law
- Chapter 12 of the Private International Law Act 1987.
- Conformity to International Commercial Arbitration Rules
Party to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.
Party to the Geneva Protocol on Arbitration Clauses.
Party to the Geneva Convention of the Execution of Foreign Arbitral Awards.
- Appointment of Arbitrators
- The arbitration panel generally consists of three arbitrators. Each party has the right to choose one arbitrator, and these two arbitrators elect the chairman.
- Arbitration Procedure
- Swiss arbitration tribunals frequently use arbitration rules such as the ICC Rules of Arbitration or the UNCITRAL Arbitration Rules. However, the parties to the arbitration are free to choose the rules governing the arbitral proceedings as well as the law governing the subject matter in dispute. International arbitrations are governed by Chapter 12 of the PIL Act, which applies to all arbitration cases where the arbitral tribunal has its seat in Switzerland and at least one of the parties had no domicile or habitual residence in Switzerland at the time when the arbitration agreement was concluded.
- Permanent Arbitration Bodies
ICC International Court of Arbitration
Geneva Chamber of Commerce and Industries (CCIG)
Zurich Chamber of Commerce
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