Document background
The Arbitration Submission Agreement is a crucial document used when parties have an existing dispute and wish to resolve it through arbitration, rather than through court litigation. This agreement type is particularly significant in Switzerland, a globally recognized arbitration hub known for its neutrality, efficiency, and arbitration-friendly legal framework. The document is used to establish the parameters of the arbitration process, including defining the dispute's scope, selecting arbitrators, choosing applicable rules, and setting procedural frameworks. Unlike arbitration clauses in commercial contracts that address future disputes, an Arbitration Submission Agreement deals with existing disputes, making it particularly important to precisely define the issues to be arbitrated. The agreement must comply with Swiss arbitration law, either the PILA for international arbitration or the CPC for domestic arbitration, and often incorporates institutional rules such as the Swiss Rules of International Arbitration.
