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Swiss Civil Procedure Code
(Civil Procedure Code, CPC)

Art. 381 Applicable law

1 The ar­bit­ral tribunal de­cides:

a.
ac­cord­ing to the rules of law chosen by the parties; or
b.
based on equity, if the parties have au­thor­ised it to do so.

2 In the ab­sence of such choice or au­thor­isa­tion, it shall de­cide ac­cord­ing to the law that an or­din­ary court would ap­ply.