21.5 The award of the arbitration(s) shall be final and binding on the parties hereto and may be enforced in any court having jurisdiction over the party against which enforcement is sought. The cost of arbitration shall be borne by the unsuccessful party.
22 APPLICABLE LAW
This Agreement shall be governed by and construed in accordance with the laws of Thailand.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in duplicate by their duly authorized officers or representatives as of the day and year first above written.