Arbitration Case Digest

Catch-all prayer for relief allows arbitral tribunal to award amounts in alternative currency

22.01.2021

Case Number: 4A_244/2020 (16 December 2020)

Catch-all prayer for relief allows arbitral tribunal to award amounts in alternative currency

In a French-language decision, the Swiss Supreme Court has rejected an application to set aside an ICC award and confirmed that the arbitral tribunal had not granted the claimant more than it had sought in its prayers for relief when ordering the payment of a sum in US dollars rather than in the currency requested in the prayers for relief, as the claimant had included a catch-all prayer.

 

Subscribe to our Updates

*Required fields

Monthly selected key topics from our practice areas and sectors, plus Newsflashes on current events.
Monthly email with the latest updates on and summaries of the Swiss Federal Supreme Court's case law in arbitration matters.
A regular look (1 – 2 per year) from a unique M&A perspective on legal changes, economic developments and societal trends in Switzerland.
Regular insights on Swiss and international trends and legal developments in the construction industry.
Concise analyses of key trends in the fast moving world of corporate governance for the boards of Swiss companies.