Category: Company Law
Agency Law in International Commerce in Thailand
An important consideration when conducting an international commerce business in Thailand is the issue of agency relationships between a distributor and the overseas supplier or manufacturer. Where an agency agreement has been created, the general rule of law is that principals are held liable to third parties, such as purchasers, for the authorized actions of […]
Basics of Thai Investment Promotion Law
Thailand’s investment promotion laws are a particularly important element of its overall plan for future economic growth, especially regarding its competitiveness with other nations in the ASEAN Economic Community (AEC). The Investment Promotion Act of B.E. 2520 (1977), amended as recently as 2001, empowers the Board of Investment (BOI) of Thailand to grant tax and […]
International Headquarters and International Trade Centers
Siam Legal has extensive experience in working with foreign investors to help them establish their business operations in Thailand. For the convenience of our foreign clients, we prepare brief translations and synopses of Thai government announcements that directly or indirectly affect them. Recently, on January 15, 2015, the Department of Business Development issued an announcement […]
Types of Foreign Business Authorization
A common source of confusion for foreign entrepreneurs in Thailand is the difference between a Foreign Business License and a Foreign Business Certificate. Both documents are a form of authorization for foreigners to engage in any business that are restricted under the Foreign Business Act of 1999, but which to apply is completely different situations. […]
Proposed Debt Collection Act
Just mid last year, the National Legislative Assembly of Thailand voted to accept, in principle, the terms of the Debt Collection Act. Drawing inspiration from analogous laws in the United States and Australia, this new legislation will act as a consumer protection law protecting consumers from abusive practices on the part of debt collectors. The […]
Legality of E-Signatures in Thailand
With the increasing spread of internet usage and electronic delivery of documents, the demand for clarity on the legality for electronic signatures in Thailand is growing. E-Signatures (electronic signatures) are markings, letters, numbers, or symbols that are created in electronic form that establish the signatory acceptance of the contents of the electronic document. The benefits […]
New Seven-Year Plan at the BOI
The Board of Investment promotes certain investments to respond to current and future economic needs of Thailand. The Thai Board of Investment has recently approved a new seven year master plan. The new master plan is to promote inbound value added investments and Thai investment overseas. The new “Seven Year Investment Strategy will run from […]
Proposed Foreign Business Act Amendments in Thailand
The headlines in Thai business news have been dominated recently by the new government’s proposals to reform the Foreign Business Act of 1999. However, rather than to liberalize business, the proposals are expected to make the law even stricter. This has caused much concern in the foreign business community whose members have voiced their opinions […]
Mergers and Acquisitions of Company in Thailand
Mergers and acquisitions are becoming a routine occurrence in developing countries as companies use the process to expedite their growth or gather additional benefits. A recent high profile example was the merger between Burger King and Tim Horton where the smaller Canadian Tim Horton acquired the larger American Burger King in an attempt to qualify […]
ASEAN Economic Community and Thai Labor
The ASEAN Economic Community is coming in 2015. Within the blueprint for the AEC, there is an article called “Free Flow of Labor.” The purpose of this article is to eliminate the barriers of skilled professional workers being employed within the countries of ASEAN. Through a series of negotiations for liberalization over several years, ASEAN […]
