The Applicable Law in International Arbitration allassignmenthelp.com

As per the law of the arbitration agreement, the validity of the arbitration agreement is predominantly governed by the law that had been chosen by the parties. In addition to that, the parties choose a law which applies to their contract and a procedural law is applied to any future arbitration, then the parties involved in the international contracts should expressly choose a law that governs the arbitration agreement stated in the contract . However, the typical international business contracts do not contain specific choice of the clauses of laws for the agreements that are contained in such contracts. The substantive validity of the arbitration agreement would be absent as per the choice of law.