This part shall apply to any arbitration within the scope of this chapter, without regard to whether the place of arbitration is within or without this state, if:

1. (1) The written undertaking to arbitrate expressly provides, or the parties otherwise agree, that the law of this state shall apply;
2. (2) In the absence of a choice of law provision applicable to the written undertaking to arbitrate, that undertaking forms part of a contract the interpretation of which is to be governed by the law of this state; or
3. (3) In any other case, the arbitral tribunal decides under applicable conflict of laws principles that the arbitration shall be conducted in accordance with the law of this state.

History.--s. 1, ch. 86-266.