In a recent decision published on 11 January 2023, the Swiss Federal Supreme Court (“SFSC”) confirmed the International Centre for Settlement of Investment Disputes’ (“ICSID”) decision upholding China’s objection regarding the arbitral tribunals’ jurisdiction (case no. 4A_172/2023 [in German], intended for official publication). Factual background The dispute at stake originated from ICSID arbitration proceedings seated in Geneva, Switzerland (case no. ADM/21/1), and was based on the Bilateral Investment Treaty between China and Singapore (“China-Singapore BIT”). The claimants’…
On 4 September 2023, the Swiss Federal Tribunal Court (“SFSC”) decided on appeals raised against three closely linked…
A. LEGISLATION AND RULES A.1 Institutions, rules and infrastructure In light of the revised law on statutory arbitration…
A. LEGISLATION AND RULES A.1 Legislation On 1 January 2023, the revised Swiss Code of Obligations (CO) entered into force. The revised act includes a new article 697n, which expressly allows Swiss corporations (and by reference also limited partnerships and limited liability companies) to include a statutory arbitration clause in their articles of association. The newly introduced article 697n CO applies to stock corporations or limited liability companies with seat in Switzerland, which provide or…
In a decision published on September 23, 2022, the Swiss Federal Supreme Court (“SFSC”) ruled on the request…
On 1 January 2023, the revised Swiss Code of Obligations (“CO”) will enter into force. The revised act…
In a decision published on the 19th July 2022, the Swiss Federal Supreme Court (“SFSC”) denied the enforceability of an arbitral award that ordered the two claimants to pay the respondent a party compensation, but did not provide for a joint and several liability of the two debtors (case no. 5A_335/2021[1]). The SFSC clarified that it is not the duty of the enforcement court to interpret the award submitted as an enforcement title. Rather, it…
Arbitration is the most popular choice for dispute resolution in multinational commercial agreements.[1] At times, relevant arbitration clauses…
A. LEGISLATION AND RULES A.1 Legislation International arbitration in Switzerland continues to be governed by Chapter 12 of…
In a decision published on 15th June 2021, the Swiss Federal Supreme Court (“SFSC”) dismissed a challenge to set aside an arbitral award because in its view, the request to reschedule the hearing was merely intended to delay the arbitral proceedings, an intention which is not protected by the right to be heard (case no. 4A_530/2020 (in French)). Factual background In the case at stake, a dispute had arisen between the main shareholders of an…