The Swiss Rules of International Arbitration have been drafted to be efficient, flexible and cost effective for the resolution of international or domestic disputes. The parties are free to designate their arbitrator(s), to select the applicable law, the language of the proceedings, the seat of the arbitration, and their own legal counsel, in Switzerland or abroad. If the seat of the arbitration is in Switzerland, the parties will enjoy the many advantages offered by Swiss arbitration law. The Swiss Rules were first enacted on 1 January 2004. A first revision of the Swiss Rules took effect on 1 June 2012. Following a light revision in 2021, the current Swiss Rules apply as from 1 June 2021.