Showing 1-10 of 1,175 results
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Court orders SRT to stump up
News, Post Reporters, Published on 23/04/2019
» The State Railway of Thailand (SRT) may need to devise a new debt-restructuring plan, after a court ordered it and the Transport Ministry to pay almost 12 billion baht in compensation to Hopewell (Thailand) Co for scrapping a mega-transport project 20 years ago, a rail agency source said.
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Hong Kong court prevents WEH divestment
Business, Post Reporters, Published on 01/06/2018
» Documents show the High Court of Hong Kong issued an injunction prohibiting a company owned by Kasem Narongdej from divesting itself from Wind Energy Holding's (WEH) shares, bolstering suspicions of inappropriate behaviour in the company and confirming the involvement of the Narongdej patriarch in the scandal.
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THAI creditors told to file requests for repayment
News, Post Reporters, Published on 15/09/2020
» Thai Airways International has asked its creditors to file their requests for debt repayments with the Department of Legal Execution after the Central Bankruptcy Court on Monday accepted its request for debt restructuring.
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New legal bid to stop Hopewell payout
News, Thodsapol Hongtong, Published on 28/10/2019
» The Transport Ministry is confident the evidence it submitted which highlighted 20 irregularities in a railway project that was scrapped two decades ago will spare it from having to pay the hefty compensation to Hopewell as ordered by the Supreme Court.
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Long overdue, or a step too far?
Business, Suchit Leesa-nguansuk, Published on 20/05/2019
» Thailand faces unique threats from cyber-attacks that will only increase as the economy becomes more digitised. With the passage of the Cybersecurity Act, the government seeks to aggressively confront the problem with enforcement power, but some experts fear that such power could be abused and lacks proper oversight.
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Termination of Employment in Thailand
Published on 06/08/2022
» According to Thai labour laws, an employer is empowered to terminate an employee’s employment at its will, except for members of the Employee Committee which requires a court order for dismissal. However, the consequences of dismissal with and without statutory causes under the Labour Protection Act B.E. 2541 (the “Labour Protection Act”) will be different in terms of the statutory payments for which the employer is legally required to pay the employee. In this regard, the question “how much statutory payment does the employer have to pay to the employee due to dismissal?” becomes one of the most concerned and critical issues for all employers.
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Hopewell ruling faces charter test
News, Post Reporters, Published on 19/11/2020
» The Office of the Ombudsman will pass on a petition seeking the Constitutional Court's ruling on whether the Supreme Court's resolution in the Hopewell case is in breach of the charter or not.
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Thai Airways to nominate board members to execute rehab
News, Chatrudee Theparat, Published on 11/08/2020
» Six members of Thai Airways International Plc's (THAI) board of directors will be nominated to execute the airline's debt rehabilitation plan and their names will be submitted to the Central Bankruptcy Court on Aug 17, according to THAI's acting president, Chansin Treenuchagron.
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Right-to-die debate
Asia focus, Narendra Kaushik, Published on 21/01/2019
» Anamika Mishra has been waiting for death for over a decade, saying her health is beyond redemption.
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Polaris inches closer to de-listing
Business, Published on 08/02/2018
» Polaris Capital Plc (POLAR) faces a possible de-listing from the Stock Exchange of Thailand (SET) as the company's assets have been placed into receivership by the Central Bankruptcy Court.
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