Question

Scenario:

Alpha Corporation, a Philippine-based company, entered into a contract with Beta Corporation, a Singaporean company, for the sale and delivery of goods. The contract did not specify the governing law. A dispute arises between the parties regarding the performance of the contract.

Question:

Under the principles of choice of law, in the absence of a specific governing law provision in the contract, what law governs the performance and validity of the contract between Alpha Corporation and Beta Corporation? Discuss and explain.