On 8th June 2018, the BOI (Board of Investment Promotion) of Thailand issued its Notification No. Sor. 2/2018 to include the defence industry in the list of promotion eligible businesses, consisting of manufacturing and repairing of (1) military vehicles and weaponry systems for national defence, (2) unnamed systems and parts for national defence, (3) weapons... Read More

To implement the Digital Asset Business Operation Emergency Decree B.E. 2561, the Securities and Exchange Commission (“SEC”) issued 4 notifications on 7th June 2018 and 4 notifications on 3rd July 2018.  Some of their major principles are discussed below. Inclusion of Cryptocurrencies as Digital Tokens Cryptocurrencies are deemed digital tokens if they are issued for... Read More

On Wednesday 11th July 2018, the SME and Legal Committees of the American Chamber of Commerce (AMCHAM) in Thailand organized a dinner briefing on Thailand’s new work permit law.  Our Managing Partner, Kowit Somwaiya, participated in the event as one of the 3 panelists.  He handed out a QR Code for presentation slides.  Click the... Read More

On 10th July 2018, the Cabinet approved in principle the draft of the Private Asset Management Act as proposed by the Ministry of Finance.  The key elements of the draft are as follows: 1.  A trust as a legal relationship between its trustor, trustee, and beneficiary will be allowed under the Act. 2.  A trust... Read More