When to call for an arbitrator?
Under Swiss law, arbitration is an alternative procedure to the state court for resolving disputes between parties. If you are considering using arbitration to resolve a dispute, here are some situations in which you might use an arbitrator:
Commercial contracts: Arbitration is often used to resolve commercial disputes, such as disputes between businesses or between businesses and consumers. Parties can include an arbitration clause in their contract to ensure that any disputes are resolved by arbitration rather than in court.
International disputes: Arbitration is often used to resolve international disputes, as it provides a neutral procedure that can be applied in different countries. If you have a dispute with a party located abroad, arbitration may be a viable option.
Complex disputes: If your dispute is complex and requires specialised expertise, you can use an arbitrator who has the expertise to resolve the dispute. For example, if you have an intellectual property dispute, you may wish to use an arbitrator who has expertise in this area.
Confidentiality: If you want your dispute to remain confidential, arbitration may be an option. Unlike the courts, arbitrators may be required to keep the details of the dispute confidential.
Speed: Arbitration is often faster than court proceedings, as parties can choose their own timetable and arbitrators may be more available than state courts.