Swiss Rules of International Arbitration
The Swiss Chambers of Commerce have been offering arbitration services for more than a century. With the Swiss Rules of International Arbitration they offer a uniform, efficient and cost effective means of binding dispute resolution based on best practices and international standards. Arbitrations under the Swiss Rules are administered by the Swiss Chambers’ Arbitration Institution (SCAI), a neutral body comprised of experienced international arbitration practitioners which acts in complete independence.
Arbitration is generally more expeditious and cheaper than proceedings before state courts, in particular in international matters. The arbitrators are chosen for their expertise in the particular industry or dispute. Contrary to state court judgments, arbitral awards rendered under the Swiss Rules are confidential. Owing to a number of international conventions they are easier to enforce on a worldwide basis than court judgments. Swiss Rules arbitrations can be tailored to any budget and dispute, and can be combined with conciliation or mediation.