Answer ... As per art. 4/3 of the TCIA, it is possible that parties may choose the law applied to the arbitration agreement. In the absence of such agreement, the arbitration agreement shall be subject to the Turkish law.
Answer ... As per art. 12/C of TCIA, the tribunal shall settle the dispute in accordance with the provisions of the agreement and the law chosen by the parties. The commercial customs and practices of the applicable law are considered in the interpretation of the agreement between the parties if the law is unclear.
In the absence of the agreement regarding the substantive law applicable to the dispute, the law of the most connected country will be applicable to the dispute.