|The Claims Resolution Tribunal for Dormant Accounts in Switzerland|
P.O. Box 7589
Telephone from the United States: 011-800-0123-0456
web: www.crt.ch (link coming soon)
Overview of The Claims Resolution Procedure
The Claims Resolution Tribunal
The Claims Resolution Tribunal is an independent institution under the supervision of the Independent Committee of Eminent Persons ("ICEP"), chaired by Paul A. Volcker, and the Swiss Federal Banking Commission. It has been established to resolve all claims to dormant accounts opened by non-Swiss customers that have been published by the Swiss Bankers Association. Prof. Hans Michael Riemer has been appointed as the chairman of the Tribunal. Prof. Riemer is a professor of law at the University of Zurich and an experienced judge. Currently, he is a member of the highest court of Zurich and an alternate justice at the Swiss Federal Supreme Court. Prof. Riemer, with 15 arbitrators from the United States, Canada, England, Switzerland, Israel and other countries, will resolve all claims to dormant accounts. All of the arbitrators have extensive experience in international arbitration or banking matters and have been appointed to serve on the Tribunal and to resolve your claim in a fair and just manner.
Prof. Riemer and the arbitrators have been appointed by the Board of Trustees of the Independent Claims Resolution Foundation. The Chairman of the Foundation's Board is Paul A. Volcker who also chairs the ICEP that is currently performing an independent investigation of dormant assets of the World War II-era in Swiss banks. Prof. René Rhinow, a member of the Upper House of the Swiss Parliament, and Israel Singer, Secretary General of the World Jewish Congress, are the other members of the Board of Trustees. The Independent Claims Resolution Foundation is administering the Claims Resolution Tribunal and has adopted the Rules of Procedure for the claims procedure. The Board of Trustees, however, will not itself resolve any claims to dormant accounts.
Important Features of the Claims Resolution Procedure
The Claims Resolution Procedure has been established to provide you with an easy-to-understand and flexible procedure to resolve your claim to a dormant account. These are the most important features of the Claims Resolution Procedure:
How to Submit your Claim to the Claims Resolution Procedure
You have the opportunity formally to submit your claim for decision by the Claims Resolution Tribunal by signing the enclosed Claims Resolution Agreement. Please follow these steps:
After you Sign the Claims Resolution Agreement
After you sign and return the Claims Resolution Agreement in the enclosed envelope to the Ernst & Young Contact Office in Basel, the Claims Resolution Tribunal will appoint a sole arbitrator or a panel of three arbitrators to resolve your claim. The Tribunal will inform you promptly of this appointment, and you will be given the opportunity to submit additional information in support of your claim.
If the facts of your case are uncomplicated or the bank holding the dormant account in question accepts your claim, a fast track procedure will apply and your account will be paid out within about one month from the time of submission. All other cases will be resolved in the ordinary procedure before a sole arbitrator if the balance of the account is below 3,000 Swiss francs or by a panel of three arbitrators for larger amounts. All claims are to be resolved within one year from time of the publication of the dormant accounts. The arbitrators determine the facts and the law that apply to your claim. Based on the circumstances of your particular claim, they will give you further direction on how to proceed and which documents and information to provide.
|The Independent Committee of Eminent Persons
20 rue de Candolle (3rd Floor), 1205 Geneva, Switzerland
email: email@example.com & icep-iaep.org :web