Federal Act on the Amendment of the Swiss Civil Code (OR)

Art. 697nOR from 2023

Art. 697n L. Arbitral tribunal ⁽¹⁾

¹ The articles of association may provide that disputes under company law be adjudicated by an arbitral tribunal that has its seat in Switzerland. Unless the articles of association provide otherwise, the arbitration clause is binding on the company, the corporate bodies of the company, the members the corporate bodies and the shareholders.

² The procedure before the arbitral tribunal is governed by the provisions of Part 3 of the Civil Procedure Code ⁽²⁾ ; Chapter 12 of Federal Act of 18 December 1987 ⁽³⁾ on Private International Law does not apply.

³ The articles of association may regulate the details, in particular by reference to arbitration regulations. They shall in any event ensure that persons who may be directly affected by the legal consequences of the arbitral award are notified of the instigation and conclusion of the proceedings and may participate in appointing the arbitral tribunal and in the proceedings as an intervening party.