Global Legal Update (#10 October 2014)

Arbitration in Switzerland — High-Quality and Efficient Resolution of Business Disputes

by James Menz, Anna V. Kozmenko

Switzerland has long been associated with neutrality, stability, and high standards of quality. Located in the heart of Europe, Switzerland is a multilingual and multicultural country and hosts numerous international organizations. Building on a long tradition dating back to 1872, Switzerland continues to be one of the leading venues for international commercial arbitration, attracting parties from all over the world, including Ukraine. According to International Chamber of Commerce (ICC) data, since 2000 Switzerland has consistently been ranked first or second among the venues for ICC arbitration proceedings worldwide. A survey of the CIS legal market revealed that Switzerland and Swiss law are among the top choices of CIS and Ukrainian parties for the seat of arbitration and applicable law, respectively…

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