The New Swiss Rules Of International Arbitration 2012

Introduction

Arbitration under the Swiss Rules of International Arbitration (Swiss Rules) is a dispute resolution procedure leading to a binding decision (i.e., an award) from an independent arbitral tribunal. The award can virtually be enforced worldwide pursuant to the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which today counts 147 signatory states. An arbitration under the Swiss Rules is initiated through the filing of a Notice of Arbitration to the Secretariat of any of the seven Swiss Chambers of Commerce, which in 2004 for harmonization purposes replaced their own rules by the Swiss Rules (i.e., Basel, Zurich, Geneva, Bern, Ticino, Lausanne and Neuchâtel).