Private International Law Act, Set aside an international arbitral award, Supreme Court, Switzerland
Can an Arbitral Tribunal Award a Claim in a Different Currency Than Requested? – The Case of Switzerland
Swiss substantive law allows a debtor to pay a debt in the national currency of the place of payment even though the debt is actually owed in a foreign currency, except for cases where the contract expressly requires fulfillment of the debt in “actual currency” by using the term “actual” or words to that effect…