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DEAR EXPERTS

WHAT DO YOU THINK ABOUT THAT "THE BENEFICIARY OF LETTER OF CREDIT DEMANDS THAT THE ARBITRATION LAW SHOULD BE DUTCH LAW AND WHAT IS THE BEST FOR ME AS AN APPLICANT A DUTCH LAW OR AN INTERNATIONAL ARBITRATION ATTORNEY ?
KINDLY YOU ARE REQUESTED TO EXPLAIN THE ARTICLE ABOVE TO BE ABLE NEGOTIATE FOR THE BEST.

I AM WAITING YOUR URGENT RESPONSE
REGARDS,,

Hi Pal,

a part local law, IMHO, the sentence is not suitable for letter of credit but only as contractual requirement.
There is an ICC Publication concerning arbitration, but I repeat this mest not be used in l/c.
Other comments appreciated
Ciao