Swiss Rules of International Arbitration
In 2004, several Swiss Chambers of Commerce jointly adopted the Swiss Rules of International Arbitration, which replaced their individual arbitration rules. In 2012, the Swiss Rules were slightly revised for the first time so as to increase their efficiency and cost effectiveness.
Arbitration is generally more expeditious than proceedings before State courts. Arbitrators are independent practitioners specialized in the field of dispute resolution. Contrary to State court judgments, arbitral awards remain confidential. Pursuant to certain international conventions, they are enforceable in almost all countries.