Question 1. In an international contract between a State A citizen and a State B citizen, both parties agreed on the arbitral seat in State C. However, there is no choice of law to determine the applicable substantive law. What substantive law would you apply and why?
Question 2. What is the legal status of the Lex Mercatoria concerning the choice of substantive law in international arbitration?
Question 3. (You must choose only one of the options below and then provide your answer in one paragraph)
An arbitrator that acts as an amiable compositeur may settle a dispute applying........
a) the law according to arbitrator's own legal interpretation of the principles and rules that govern the contract. Why?
b) the pertinent law to the dispute but the arbitrator may use general principles of equity and justice as well. Why?
c) no law whatsoever but arbitrator should respect the public policy limitations. Why?
d) only general principles of law. Why?
e) the lex mercatoria. Why?