The Bank of Thailand (“BOT”) issued the Notification No. SorNorSor. 4/2019 re: Rules, Procedures and Conditions for Operation of Peer to Peer Lending (“P2P”) System or Platform (“Notification”) on 29th April 2019. The Notification is effective from 30th April 2019. 1. P2P Lending Platform Service Provider (“SP”), Borrower and Lender An SP must be… Read More
The NLA passed the National Broadcasting and Telecommunications Commission Act (No. 3) B.E. 2562 (A.D. 2019) on the 28th of December 2019. It amended the NBTC Act B.E. 2553 (A.D. 2010) as amended by the NBTC Act (No. 2). It was published in the Government Gazette on the 16th of April 2019 and is effective… Read More
The NLA passed the Public Private Partnership Act B.E. 2562 (“PPPA”) on the 31st of January 2019. It was published in the Government Gazette on the 10th of March 2019 and came into force on the 11th of March 2019. It replaces the Private Investment in State Undertakings Act B.E. 2556. We summarized some major… Read More
The National Legislative Assembly of Thailand passed the Arbitration Act B.E. 2562 to amend the Arbitration Act B.E. 2545 (A.D. 2002). It was published in the Government Gazette on the 14th of April 2019 and has become effective on and from the 15th April 2019. Its objective is to facilitate foreign arbitrators and foreign delegates… Read More
The NLA enacted the Electronic Transactions Act (No. 3) B.E. 2562 (A.D. 2019) on the 18th of January 2019 to amend the Electronic Transactions Act B.E. 2544 (A.D. 2001) (“ETA”). It was published in the Government Gazette on the 14th of April 2019 and became effective on and from the 15th of April 2019. The… Read More
The Escrow Agents Act (No. 2) B.E. 2562 (A.D. 2019) was passed by the National Legislative Assembly on the 17th of January 2019 to amend the Escrow Agents Act B.E. 2551 (A.D. 2008) (“EAA”). It was published in the Government Gazette on the 14th of April 2019 and has become effective on and from the… Read More