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.

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