There are several processes in which companies may employ to make way for an expansion of their operations, market reach and financial status. These procedures are above board with laws in effect to guide these companies and two of these corporate maneuvers are merger and acquisition. Mergers and acquisitions are not limited to a particular place as these can happen involving corporate entities from two different localities or even countries. Thailand is home to some of these companies to … [Read more...] about Mergers and Acquisitions of Company in Thailand
A recent news headline has been the use of slave labor on Thai fishing boats. During the course of the investigation, CP Foods has been implicated for purchasing fish meal from these Thai fishing boats and that the use of slave labor has been known for several years. We will not look into the merits of the charge but a question of interest is whether a corporation can be charged with criminal liability in Thailand. There is no definition of corporate crime in the Thai Criminal Code. Corporate … [Read more...] about Corporate Criminal Liability Case: Thai Slave Labor
The Thai Department of Special Investigations (DSI) has recently announced plans to crackdown on foreign companies using Thai nominee shareholders to bypass Thai laws and control Thai companies. The foreign nationals use Thai nominee shareholders to run business operations that are restricted to foreigners or to purchase land and property. The procedure is currently prohibited by the Foreign Business Act and the Land Act. What is a Nominee Shareholder? A nominee shareholder is an individual … [Read more...] about Crackdown on Thai Nominee Shareholders
Thailand is a nice place to visit unless you are spending your holiday in one of its infamous jails. Our law firm was recently contacted by a foreign national in one of Bangkok notorious overcrowded jails. The foreign nationals was provided a court appointed attorney but the foreign national could not communicate with the attorney. The attorney did not speak English. He was in jail for two months waiting for trial. The foreign national was desperate for our help. This happens often. Foreign … [Read more...] about If you are arrested in Thailand, what do you do?
It is a great challenge for a foreigner to open and operate a business in Thailand. It is difficult to get the business up and running. The arcane bureaucratic rules in Thailand makes the process to create the company, establish utilities, and hiring workers demanding. This requires the completion of forms in a foreign language and hiring Thai employees to may not be able to communicate in English. The differences in culture can generate conflicts and disagreements between the employer and … [Read more...] about Closing a Business in Thailand