Switzerland has revised its international arbitration law during summer 2020. The revised provisions of the 12th Chapter of the Private International Law Act (“PILA”) entered into force on January 1, 2021. The article at hand offers a handy overview on the revised Art. 178 PILA[1] governing the form requirements from a thoroughly practical approach, focusing on its key changes and developments in international arbitration.
Read moreSwitzerland: Revisions Of The Swiss International Arbitration Law
The International Arbitration Law of Switzerland is regulated under Chapter 12 of the Private International Law Act of 1987 ("PILA"). On 19 June 2020, the Swiss Parliament approved revisions to the PILA, which is expected to enter into force on 1 January 2021.1 The purpose of the revisions is to reflect the Swiss Federal Supreme Court's decisions, and to modernize and clarify the wording of some of its provisions.
The PILA still maintains its well-organized and flexible nature by keeping all of its core provisions, and aims to create a more user-friendly and accessible text to non-Swiss users. This Newsletter Article will address its main revisions.
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