LALIVE updates
Revised PILA: setting the ground for trust arbitration in Switzerland?
LALIVE- Private Client & Offshore Services
- Switzerland
- 08 August 2019
While trusts have not been incorporated into the Swiss legal system, Switzerland ratified the Hague Trust Convention with effect from 1 July 2007 and adapted its conflict of laws provisions – in particular, Articles 149(a) to 149(e) of the Private International Law Act. As a result, foreign trusts are fully recognised and implemented under Swiss law. Although discussed controversially, legislative initiatives to introduce trusts into the Swiss legal system are ongoing.
