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No. XIV.1 - Law applicable to an international arbitration agreements
(a) The substantive validity of an international arbitration agreement is to be determined according to the law chosen by the parties of said agreement, or failing any indication thereof, according to the law in force at the place (seat) of the arbitration.
(b) The formal validity of an international arbitration agreement is to be determined according to the formal validity rules of the arbitration law of the country in whose territory the arbitration has its seat.
This document is cited by:CENTRAL-List of Lex Mercatoria -Principles, No. XIII.1.1 - Arbitration Agreement
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