15. GOVERNING LAW AND DISPUTE SETTLEMENT
15.1. This Agreement shall be governed and construed in accordance with the substantive law of
Cambodia.
15.2. Any dispute arising out of or in connection with this Agreement, including any
question regarding its existence, validity or termination, shall be first resolved amicably
through conciliation.
15.3. In case there is no agreement reached, the dispute shall thereafter be referred to for
resolution by arbitration pursuant to the laws of Cambodia. The arbitration fees and cost of
this proceedings shall be borne by the losing Party unless the arbitration award provides
differently.