Arbitration And The Revised Swiss Private International Law Act

The Swiss Private International Law Act ("PILA"), codified in the Federal Act on Private International Law of 18 December 1987, is likely the most complete codification of private international law in the world. Initially introduced in Swiss legislation to strengthen Switzerland's position in the field of international law, the PILA was recently revamped to accommodate the rising needs of international business. The revised version of the text entered into force on 1 January 2021 (the "Revised Act" or the "Revised PILA"). Its Chapter 12, dedicated to inter national arbitration, incorporated new provisions that modernise and clarify the existing provisions, keeping the key features of the initial version largely intact. Recognised as one of the world's leading international arbitration seats, the Revised PILA will only help Switzerland maintain this status.