19 Seller A and buyer B conclude a Share Purchase Agreement regarding the control of company C. B sets a mortgage on his Malaysian farm to Bank D, which guarantees B’s payment obligations under the agreement. The agreement between A and B stipulates that the operation of company C shall comply with the laws of Singapore, which is the country where C is established, that the rights and obligations of A and B are governed by the laws of Japan, and that Bank D’s payment obligations are governed by the laws of Japan. If a dispute arises relating to the mortgage, which country’s law shall be applied by the court? (A) Malaysia. (B) Singapore. (C) Japan. (D) The country of A and B’s joint establishment.