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Setting Up Company Partnerships under Thai Law Siam Legal International | October 10, 2016 | Business in Thailand, Civil and Commercial Law, Company Law, Company Registration The Civil and Commercial Code of Thailand provides for the formation of partnerships as is found in the laws of other countries. However, partnerships are normally not formed by foreign investors due to particular difficulties that...

There's more to life than money, and the same goes for buying real estate. In an increasingly unstable and uncertain world of shifting political regimes, climate patterns and economic powers, many investors are finding themselves asking what constitutes real value. Most societies have historically measured worth in concrete financial statistics: in GDPs, stock indices, and all sorts of monetary...

All eyes on the Andaman as the nation's second-highest office issues directive on the 'Riviera' The coast of mainland Thailand facing the Andaman Sea has got the shorter end of the tourism stick, compared with its eastern counterpart. Addressing this imbalance, the Tourism and Sports Ministry will be proposing the Riviera Thailand project during a Cabinet retreat in Phetchaburi on Tuesday. The...

The Icon Siam Shopping Mall has been called the “Mother of All Malls” and it is set to open in 2017. With two towers, 80,000 square meters of land, a conventional hall, a condominium and much more – it will be an enormous retail and dining experience that will dominate several city blocks. It will contain an estimated 500 shops, with 100 restaurants from more than 30 different countries. It is also...

Shareholder meetings play an important role in the governance of Thai limited companies since the Civil and Commercial Code require that limited companies be managed by the directors under the control of meetings of the shareholders (called “general meetings” in the Code). The primary instrument used by the general meetings to govern the company are shareholder meeting resolutions which are passed by a...

Changes to deposit protection limits on bank accounts in Thailand may give a boost to property investments even as there are warnings of speculation at the high end of the market for condominiums. In early April the Governor of the Bank of Thailand issued a warning about the potential of bubbles developing in some parts of the Thai economy and referred to the property market. Some observers within the...

Non-beach-related activities hold their own in the popular Thai resort hub amid improving air linkages Phuket is transforming into a more well-rounded destination as a preponderance of visitors takes advantage of the Thai resort island's expanding air transport infrastructure. Tourists as well as property seekers are finding new purpose in the renowned island in the Andaman Sea: spending time and money...

Thailand saw moderate activity last year, with subdued private investment and manufacturing virtually stagnating for the second consecutive year. Moreover, the death of King Bhumibol Adulyadej in October cast a cloud on consumer sentiment, especially due to an official year-long mourning period. However, there is a silver lining as recent indicators suggest a slight uptick in activity in Q4: exports...

Shareholder meetings are an important element in the management of Thai limited companies, since the authorized directors of the company must manage the company under the control of the meetings of the shareholders. In order to hold a meeting of the shareholders, a meeting has to be called according to the procedure defined in the Civil and Commercial Code. One of the procedures according to the Code is...

There are 3 new Phuket housing projects designed for low income earners and those on financial assistance and reservations for units in these developments have been brisk, according to local media. Prices at the projects start at THB3.79 million and some of the homes will be completed and ready to move into by the end of 2018. “The National Housing Authority (NHA) is creating 8 residential projects in 3...