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Mortgages and pledges granted by foreign majority owned companies
27 February 2012
Publication
Foreign majority owned Thai companies providing security to secure the obligations of a third party including its parent or affiliates will be required to obtain a foreign business license under the Foreign Business Act B.E. 2542 (1999) (the "Act").
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Pia Pialorsi
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Boost to foreign bank expansion
4 January 2012
Publication
New regulations issued by the Ministry of Finance and the Bank of Thailand allow foreign banks in Thailand to upgrade a branch into a subsidiary. This briefing provides an overview of the new regulations.
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Thailand: New Takeover Rules Notification
2 June 2011
Publication
On 13 May 2011 the Capital Market Supervisory Board (the regulatory body now responsible for the Takeover Rules, instead of the Securities and Exchange Commission) issued its Notification no. TorJor. 12/2554 re: Rules, Conditions and Procedures for the Acquisition...
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Local listing of foreign exchange traded funds (ETFs)
17 January 2011
Publication
In November 2010, the Thai Securities and Exchange Commission (SEC) approved in principle the listing of foreign exchange traded funds (Foreign ETFs) on the Stock Exchange of Thailand on the condition that they meet all requirements of the governing regulations,...
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Thailand: Changes to the anti-money laundering law
12 July 2011
Publication
Amendments have been made to the Anti-Money Laundering Act 1999 (AMLA), together with the ministerial regulations issued under this Act. The Act regulates and oversees financial transactions for detecting and preventing money laundering activities in Thailand.
The...
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Thailand: Fixed term employment contract?
25 November 2011
Publication
It is important for an employer to be aware that a fixed-term employment contract may be considered as a non-fixed term employment contract if it contains certain characteristics with the result that an employer may face difficulty when terminating an employee...
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Baht Bond Issue by Foreign Issuer
2 November 2011
Publication
This briefing note provides a short overview of the regulatory requirements imposed by the Office of the Securities and Exchange of Thailand (the "SEC") for THB bond/debenture offerings in Thailand (the "Offering") by foreign issuers or any...
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Thailand: lawyers
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Thailand: other professionals