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.
The capital city is Vientiane. Other large cities include Luang Prabang, Savannakhet, and Pakse. The official language is Lao. Laos is a multi-ethnic country with the politically and culturally dominant Lao people making up approximately 60% of the population, mostly in the lowlands.aos applied for membership of the World Trade Organization (WTO) in 1997; on 2 February 2013, it was granted full membership. According to the anti-corruption non-governmental organization Transparency International, Laos remains one of the most corrupt countries in the world.