Arbitration Case Alert

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.

 

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