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Yes I've read it. The above is if there is no reference to where...

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Davy Boy

15,987 Posts.

3615

06/06/18

08:04

Post #: 33519121
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Originally posted by silsol ↑

Article 21: Applicable Rules of Law

1)
The parties shall be free to agree upon the rules of law to be applied by the arbitral tribunal to the merits of the dispute. In the absence of any such agreement, the arbitral tribunal shall apply the rules of law which it determines to be appropriate.
2)
The arbitral tribunal shall take account of the provisions of the contract, if any, between the parties and of any relevant trade usages.
3)
The arbitral tribunal shall assume the powers of an amiable compositeur or decide ex aequo et bono only if the parties have agreed to give it such powers.

ICC Rules of Aritration:

https://iccwbo.org/dispute-resolution-services/arbitration/rules-of-arbitration/#article_21

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Yes I've read it. The above is if there is no reference to where and under what law its to be held. The PSC, which is part of the petroleum code clearly lays out the place, language and law.
I know I'm right because I have contacted FAR many times over the issue. DB
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