On 15 December 2020, Senior Partner Andreas C. Richter, the current President of the German-Thai Chamber of Commerce (GTCC), and other GTCC members had a meeting with Thailand’s Minister of Industry H.E. Suriya Jungrungreangkit to discuss German-Thai trade and investment and GTCC activities such as the Clean Air Initiative. The Clean Air Initiative aims to […]
Foreword by Andrew Chilvers For ambitious companies eager to expand into overseas markets, often the conventional route of organic business development is simply not fast enough. The other option to invest in or buy a business outright is far quicker but often fraught with unforeseen dangers. And even the biggest, most experienced players can get […]
The Thai Revenue Department may soon increase intensive tax audits to ensure that taxpayers are fulfilling their tax obligations in line with laws and regulations. Businesses and individuals should, therefore, undergo periodic tax health checks to limit their risks of tax liability, particularly as there are tax shortfalls, surcharges and penalties of non-compliance. Blumenthal Richter […]
IR Global members collaborate with the Association of Corporate Counsel (ACC) to offer jurisdiction-specific advice on using external expertise effectively. In the following pages, you will hear from professionals in […]
Read moreBusiness operators in Thailand are afforded the protection against unfair trade practices under the Trade Competition Act 2017 (“Act”), with the exception of a few categories of operations and businesses prescribed under the Act. The Act, which is aimed at promoting trade competition, imposes a general prohibition on certain unfair trade practices and behaviours damaging […]
On 19 April 2020, the Thai Government published in the Royal Gazette a new Emergency Decree on Teleconferences through Electronic Devices B.E. 2563 (2020) (“2020 Emergency Decree”). The 2020 Emergency Decree superseded the Announcement of the Head of the National Council for Peace and Order No. 74/2557 issued on 27 June 2014, which governed electronic […]
On 9 March 2020, Tesco Plc (“Tesco”) announced the sale of its operations in Thailand and Malaysia to four entities under Charoen Pokphand Group, for US$10.6 billion. The announcement came three months after Tesco first announced a strategic review of its Asian operations. Central Group and TCC Group were reportedly shortlisted for the deal. When […]
25 March 2020, Bangkok – Pisut & Partners is delighted to announce the appointment of Douglas Mancill as Of Counsel. Douglas has represented and advised companies and individuals on a wide range of commercial law issues. He brings with him over 20 years represented U.S., European and Japanese companies with operations and subsidiaries. including the representation of: IBM in the […]
Regarding the adoption of company resolutions by unlawful means, the law that Thailand currently has in place is still not able to protect shareholders in a timely manner. Specifically, temporary preliminary injunctions or temporary emergency injunctions to halt enforcement of such company resolutions before the matter is actually considered by a court have little chance […]
The government of Thailand recently announced an Emergency Decree on Electronic Media Conference, B.E. 2563 (2020) (the “Emergency Decree”) which came into effect on 18 April 2020. The Emergency Decree establishes laws relating to meetings held over electronic media and sets out requirements for governmental and public organizations to follow during these meetings. It also establishes […]
Businesses in Thailand continue to struggle with Coronavirus (“COVID-19”). As a result, employers keep reaching out to us with questions on their rights and obligations under Thailand’s labor law to make informed decisions on measures they can take to protect their business and provide support to their employees. We have, therefore, prepared this overview to […]
New Regulation on Unfair Practices in Franchise Businesses In order to prevent franchisees from being unfairly treated by franchisors and to promote freedom to compete, fairness and transparency, the Office of Trade Competition Commission (“OTCC”) recently issued a notification setting out the guidelines for unfair trade practices in franchise businesses pursuant to the Trade Competition […]
