41. Applicable law.

According to Article 187 of the Swiss Private International Law Statute of 18 December 1987 ('PILS') an arbitral tribunal must decide the dispute according to the law chosen by the parties or, in the absence of such choice, according to the law having the closest connection with the dispute. The Code of Sports-Related Arbitration and Mediation Rules has different provisions for determination of the applicable law in ordinary and appeal proceedings. For ordinary proceedings it is the rules of law chosen by the parties or in the absence of such choice Swiss law: the parties may also authorise the