Tag: New Amendments on Suretyship Law in Thailand
New Amendments on Suretyship Law in Thailand
On November 13, 2014, important amendments to the Civil and Commercial Code, a foundational law of Thailand, were proclaimed in the Royal Thai Gazette. The amendments are aimed at protecting the rights of “indirect” debtors, such as guarantors and mortgagors. Legislative research revealed that creditors, largely financial institutions, are in a position that is too […]
