The Swiss Rules of International Arbitration

As of January 1, 2004, the Swiss Rules of International Arbitration (the "Swiss Rules") entered into force. The Swiss Rules replace the arbitration rules issued by the Chambers of Commerce of Basle, Berne, Geneva, Ticino, Vaud and Zurich for international arbitration. The Swiss Rules are based on the UNCITRAL Arbitration Rules with certain improvements and adjustments to suit institutional arbitration.

The Swiss Rules apply to arbitration commenced after January 1, 2004, provided that the arbitration agreement refers to the Swiss Rules or to the rules of one of the six above Chambers of Commerce (unless the parties agree specifically to apply the pre-existing rules of the Chamber of Commerce).