Originally from International Arbitration Court Decisions - 3rd Edition

JUDGMENT BY THE SWISS SUPREME COURT RENDERED ON 4 FEBRUARY 2005 IN CASE 4P.236/2004 *

Subject matter:
(1) Exclusion of annulment action in arbitration clause

Finding:
(1) By a specific clear agreement in the arbitration clause, parties outside Switzerland may exclude any action for annulment against the arbitral award.

Parties:
Claimant: X. (English Company)
Claimant’s counsel in the court proceedings: Prof. Pierre Lalive and Mr Matthias Scherer (Geneva)
Respondents: National Property Fund Czech Republic
Respondent’s counsel in the court proceedings: Mr Marc Ronca and Mr Christoph Kurth (Zurich)

Place of court proceedings:
Lausanne, Switzerland

Applicable Law:
Swiss Federal Statute on Private International Law (1987), Articles 190 and 192.

Place of Arbitration:
Zurich, Switzerland

Arbitrators:
Prof. Pierre Tercier, Chairman
Mr Yves Derains
Prof. Bernard Hanotiau

Date of Arbitral Award:
31 August 2004 (Uncitral Rules)