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, officially known as the Lao People's Democratic Republic (Lao PDR), is one of the poorest nations in Southeast Asia. A mountainous and landlocked country, Laos shares borders with Vietnam to the east, Cambodia to the south, Thailand to the west, and Myanmar and China to the north.aos is more expensive than Thailand and Cambodia, as most goods, petrol & food is imported from Thailand and Vietnam. Also, some people, and especially tuk tuk drivers, consider USD1 as being equivalent to 10,000 kip, whereas the official exchange rate is better.