Swiss Arbitration Decisions

In 2007 a Swiss company, a Dutch company and a bank entered into a contract whereby the two companies were to control the delivery and storage of cereals bought by a third party - also a signatory of the contract - by way of the credit lines the Swiss bank was making available for this purpose.

C.________ had requested the payment of a fee following the brokering of a settlement agreement with a state petroleum company on behalf of A.________ and B._________. The latter companies refused to pay and an arbitration with its seat in Geneva was initiated under the Swiss Rules, before three arbitrators. C.________ partially prevailed, and the Defendants appealed to the Federal Tribunal, citing violations of their right to be heard and a lack of equal treatment of the parties.