— Chapter 4 — THE SWISS RULES OF INTERNATIONAL ARBITRATION AND THE PRACTICES OF THE SWISS CHAMBERS’ ARBITRATION INSTITUTION
4.1 HISTORY AND BACKGROUND The Swiss Rules of International Arbitration (the “Swiss Rules”) were introduced in 2004 as the product of a consolidated effort by various regional chambers of commerce and industry in Switzerland to harmonize their respective arbitration rules. A revised version of the Swiss Rules came into force on 1 June 2012 and applies to all arbitrations in which the notice of arbitration has been submitted on or after that date, unless the parties have agreed otherwise. The Swiss Rules were initially modeled on the 1976 UNICTRAL Rules of Arbitration, to which two main types of changes and additions were made: first, changes required to adapt the 1976 UNCITRAL Arbitration Rules, which were designed for ad hoc arbitration, to institutional arbitration; second, changes and additions reflecting modern practice of international arbitration, including for example provisions on multi-party proceedings, consolidation and joinder, or the expedited procedure under which an award must be rendered within 6 months and which applies if the parties have agreed to it or if the amount in dispute does not exceed CHF 1 million. A guiding principle in drafting the Swiss Rules was to fully enable users to fashion proceedings that would serve their specific needs. In 2010, a working group comprised of experienced arbitration practitioners was set up to revise the Swiss Rules. The revision process was not prompted by the 2010 revision of the UNCITRAL Arbitration Rules. The Swiss Rules have been applied and have evolved independently from the UNCITRAL Arbitration Rules. There was thus no need to include, in the revised Swiss Rules, the amendments made to the UNCITRAL Arbitration Rules. In fact, the purpose of the revision was to draw on the experience acquired since 2004 to determine what could be improved, in particular to further increase time and cost efficiency. There was a consensus that the 2004 Swiss Rules worked well in practice and needed to be updated in specific areas only. Accordingly, the process resulted in only a "light" revision.