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