The arbitrators shall apply the law designated by the parties as applicable to the substance of
the dispute or failing such designation, the arbitrators shall, where applicable apply, the law
considered most appropriate taking into account international trade customs and usages
applicable to the transaction.
They shall also decide as amicable compounders where the parties have given them such powers.
Official translation
Spot-checked
In force from 11 March 1999
Source page 9