An arbitration agreement is a contract by which the parties undertake to submit a present or future dispute to the decision of one or more arbitrators, to the exclusion of the courts.
2 â¢ LOCATION. Laos is a small landlocked country in Southeast Asia bordering on Thailand, Myanmar (Burma), China, Vietnam, and Cambodia. Laos has an area of about 91,400 square miles (236,800 square kilometers), roughly the size of Idaho.
Laos is a one-party socialist republic. It espouses Marxism and is governed by the Lao People's Revolutionary Party, in which the party leadership is dominated by military figures. The Socialist Republic of Vietnam and the Vietnam People's Army continue to have significant influence in Laos. The capital city is Vientiane.