Expert analysis on Thai business law, regulatory changes, and investment strategies for foreign companies operating in Thailand.
The Business Collateral Act B.E. 2558 (2015) is the Thai statute that lets a grantor pledge a business, receivables, movable business assets and intellectual property as security for a debt
A guarantee contract in Thailand is a contract in which a third person, the guarantor, promises a creditor to perform the debtor’s obligation if the debtor does not. The Civil
The Civil and Commercial Code rules on the penalty (เบี้ยปรับ) govern liquidated damages in Thailand. Under Section 379, a debtor may promise the creditor a sum of money as a
Serving a foreign defendant in Thailand is the court-supervised delivery of a summons and plaint to a defendant who has no domicile in the Kingdom. The Civil Procedure Code (CCPC)
The interest rate cap in Thailand is the ceiling that Thai law sets on interest agreed in a loan: 15% a year under section 654 of the Civil and Commercial
Thailand VAT for electronic services is the value added tax that a foreign provider of digital services must account for on supplies to customers in Thailand. The Act Amending the
Section 8 of the Civil and Commercial Code (CCC) defines force majeure in Thailand as an event that the person facing it could not prevent, even with the care expected
A registered capital reduction in Thailand is the corporate step by which a limited company lowers its registered capital, either by reducing the value of each share or by reducing
A registered capital increase in Thailand is the corporate step by which a limited company issues new shares and records a higher registered capital. Sections 1220 to 1228 of the
The Destination Thailand Visa (DTV) is a five-year, multiple-entry visa for remote workers, freelancers and participants in listed Thai activities, and applicants submit it through the Thailand e-Visa system. For
Liquidating a company in Thailand is a statutory process under sections 1236 to 1273 of the Civil and Commercial Code. A Thai limited company ends in two stages: a ground
Enforcing a foreign court judgment in Thailand is not a matter of registration. A creditor holding a money judgment from a foreign court often assumes it can be registered in