508. Rules applicable to the substance of the dispute.

The arbitral tribunal1 must decide the dispute2 in accordance with the law chosen by the parties3 as applicable to the substance of the dispute4 or, if the parties so agree, in accordance with such other considerations as are agreed by them or determined by the tribunal5. For this purpose, the choice of the laws of a country must be understood to refer to the substantive laws of that country and not its conflict of laws rules

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