This study aims to examine the substantive applicable law in
different arbitral tribunals, especially the ICSID and the Iran-US
Claims Tribunal. Additionally it examines the role of international
law and whether it has supremacy over national laws. To that end,
this publication is mainly based on case studies, the most cited
ICSID and Iran-US Claims Tribunal cases. Furthermore, it addresses
scientific works on this topic with regard to various arbitration
rules and in particular to the applicable law.
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