The law to be applied in contractual debt relations
Obligations arising from the contract are subject to the law explicitly chosen by the parties. The choice of law, which can be understood without hesitation from the provisions of the contract or the conditions of the situation, is also valid.
The parties may decide that the chosen law will apply to all or part of the contract.
The choice of law can always be made or changed by the parties. The choice of law after the conclusion of the contract is valid retrospectively, without prejudice to the rights of third parties.
If the parties have not chosen a law, the law most closely related to that contract is applied to the relationship arising from the contract. This law is accepted as the law of the habitual residence of the characteristic performance debtor at the time of the establishment of the contract, the workplace of the characteristic performance debtor in the contracts established due to commercial or professional activities, the law of the place of residence if there is no characteristic performance debtor, the workplace law most closely related to the said contract if the characteristic performance debtor has more than one workplace. is done. However, if there is a law that is more closely related to the contract according to all the conditions of the situation, the contract is subject to this law.