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The following terms formed part of that framework agreement: ‘3.1. [ShareWood] shall sell the trees in the [ShareWood] and [Sharewood do Brasil Reflorestadora Ltda] plantations in its own name and on its own account to [UE]. [ShareWood] undertakes to transfer ownership of the trees to [UE] on payment of the purchase price. 3.2. [UE] shall purchase individually identified trees already planted. Trees are individually identified through to harvest and sale by tree number, plot number, parcel number and plantation number, recorded in an inventory of trees. … 4.2. Once payment has been received, a tree title deed recording the individual identification markers of the trees purchased shall be served on [UE] in confirmation of completion of the sale. … 7. Ground lease 7.1. On purchasing the trees, [UE] shall simultaneously lease the ground (see individual contract) for as long as the trees purchased from [ShareWood] are standing on them or, at least, for a term not exceeding that stipulated in the individual contract. The lease shall only confer the right to grow the trees. 7.2. The ground rent is included in the purchase price. … 7.3. The lease can only be transferred if the trees are resold. Sub-leasing is prohibited. 8. Resale of the trees by [UE] 8.1. [UE] may sell and transfer ownership of his trees to a third party at any time with or without a service agreement. [UE] promises to transfer the ground lease to the third party and to ensure that the third party makes the same undertaking. … 9. Value retention in purchased trees 9.1. [ShareWood] recommends that the trees be tended to regularly to ensure they retain and increase their value. [ShareWood] offers that service under the service agreement. … 11. With service agreement 11.1. In entering into a service agreement with [ShareWood], [UE] entrusts [ShareWood] with the management, administration, care, harvesting and sale of the trees purchased in accordance with plantation management policy and with international standards on sustainable plantation management and to remit to [UE] the net return achieved from the timber sales to the account designated by him. [ShareWood] shall also discharge all obligations pursuant to the ground lease. … 11.9. [ShareWood] shall decide, on [UE]’s behalf and in accordance with its plantation management policy, which trees are to be harvested in which years and shall advise [UE] accordingly prior to the harvest. Unless [UE] rejects the harvesting proposal within 10 days of receipt of the advice by post or email, the proposal shall be construed as accepted. … 15.1. [ShareWood] shall insure the land and the teak trees (but not the other trees) against fire, lightning strike, gales, precipitation and frost damage for [UE] and for itself for the first 4 years after planting. [UE] acknowledges that insurance shall not cover losses of less than 10% of the teak trees. … 24.1. The framework agreement and each individual agreement shall be governed by Swiss substantive law, to the exclusion of (i) international conventions, including the United Nations Convention on Contracts for the Sale of International Goods of 11 April 1980 (CISC) and (ii) conflict of law rules. …’