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arbitrators are given through the closed rule system where the parties
are obliged to choose the arbitrator. As a result of the expedited nature
of the CAS, it provides that the parties submit one round of written
submissions and, in cases where it is considered necessary, a final
round of replies and second responses, as well as one hearing. It should
be emphasized that the
lex arbitri
is Swiss law, and in terms of applic-
able law, the parties are free to make a distinction, and in cases where
the parties fail to determine the applicable law, the Panel will apply
Swiss Law. The parties may appeal the decisions of the CAS, acting as
a first instance tribunal.
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