As a country thought to be stuck in the “Middle Income Trap”, Thailand is innovating its way out. The kingdom is shifting away from a manufacturing based economy into one driven by innovation and technology through the Government’s ‘Thailand 4.0’ initiative. A cornerstone of Thailand 4.0 is the need to cultivate trust in consumers and… Read More
On 24 May 2019, the Union Parliament of Myanmar passed the Copyright Law (Law No. 15/2019) (“CRL”). It will come into force after the President of Myanmar issues a notification to that effect. It repeals and replaces the Copyright Act 1914 and establishes a new copyright protection system with the following major principles:- 1. … Read More
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