Dechert LLP (JD Supra Switzerland)
Swiss Court affirms parties’ right to waive set-aside of arbitration award
In a 17 October 2017 decision with significant implications for arbitration agreements between international parties, the Swiss Supreme Court held that the parties had validly waived their right to challenge an international arbitral tribunal’s award in their arbitration agreement.
Simplified Authorization Procedure for Cross-Border Marketing of Swiss Securities Funds and German UCITS
At the beginning of this year – to the (pleasant) surprise of market participants – an agreement came into force to implement a simplification in the marketing of Swiss securities funds (Effektenfonds) in Germany, and German UCITS in Switzerland. While agreement had been reached in principle in August 2013, the speed of implementation was unexpected, but welcome.