This chapter provides an overview of Lao PDR's legal framework for investment. It examines the law-making process as well as the quality of the country’s investment policies and the level of legal protection granted to both domestic and international investors. Particular attention is given to the Law on Investment Promotion and recommendations and its recent amendment. The chapter also looks into the rules for expropriation, the framework for protecting intellectual property rights and the legal regime for land property rights. The adjudication of commercial and investment disputes, including through arbitration, and Lao PDR’s investment treaty practice, including its relation to ASEAN practice, are also addressed.