Swiss Arbitration Decisions

The case involved a 2005 contract between a Hungarian company (“OAM”) and a Swiss company (“FUCHS”), according to which OAM’s electric steel plant was to be modernized by FUCHS. Various provisions were adopted as to the payment of instalments and also with regard to the acceptance of the work.

X.________, a German telecommunications company, acquired shares in A.________, an Indian company that was created to implement a government-organized project to build a communications platform in India, made possible by the utilization of satellites to be built and launched by the Indian Space Research Organisation. X.________ acquired the shares through its wholly-owned subsidiary, X.________ Asia Pty Ltd.