End October 2018, the Swiss Federal Council published its explanatory report on the proposed revision of Swiss international arbitration law. The goal of the revision is to make Swiss international arbitration law even more user-friendly.

The Swiss Federal Council has now published its explanatory report and draft amendments to chapter 12 of the Swiss Private International Law Act (“PILA”). Adopted about 30 years ago, chapter 12 of the PILA has gained global praise for its clarity and flexibility. It has greatly contributed to Switzerland’s success as a seat for international arbitration. Its modernization will ensure Switzerland’s continued popularity as one of the world’s leading jurisdictions for arbitration.

Chapter 12 – success story and new perspectives…