Swiss law is often used to regulate international contracts, as it is deemed neutral with respect to the parties.
[5] In 1864, the Bernese jurist Walther Munzinger was assigned a task to draft a unified code of obligations.
[6] Four years later, the Federal Council agreed to the unification of the law of obligations, and Munzinger was put in charge of the effort.
[7] Munzinger, the main drafter of the 1881 Code, was influenced by the Dresdner Draft and the work of Johann Caspar Bluntschli.
[7] The Code of Obligations was drafted in a strikingly understandable style, without many instances of abstract legal terminology, so that it could be readily understood by the common population.
[9] The Code was revised in 2011, so that in the future requirements for book-keeping and accounting will not depend on a company's legal form, but on its financial size.