Answer ... The parties are at liberty to determine the law applicable to the arbitration. In the absence of such agreement, the tribunal is entitled to apply the law as determined by the conflict of law rules it considers applicable and common trade practices applicable to the transaction, if any.
Answer ... The tribunal will uphold an agreement between the parties as to the substantive law of the dispute. Where the substantive law is unclear from the agreement of the parties, the tribunal shall select the law as determined by the conflict of law rules applicable to the transaction.