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 single-party socialist republic. It espouses Marxism and is governed by a single party communist politburo dominated by military generals. The Socialist Republic of Vietnam and the Vietnam People's Army continue to have significant influence in Laos.aos is a multi-ethnic country with the politically and culturally dominant Lao people making up approximately 60% of the population, mostly in the lowlands.