Showing 1 - 10 of 12
Learning new cryptocurrency rules
Business, Wirot Poonsuwan, Published on 15/05/2018
» The government of Thailand has responded to growing questions and concerns about cryptocurrency and related assets by passing an emergency decree, which came into effect on Monday.
Breaking the gridlock in project financing
Business, Wirot Poonsuwan, Published on 09/01/2018
» An assignment of all construction and supply contracts is invariably an essential element of the security package required by syndicates of Thai banks for financing large construction projects. These include metropolitan mass-rapid rail transit, toll roads, provincial power plants, industrial facilities in the Eastern Economic Corridor, offshore oil and gas platforms, mixed-use commercial and residential complexes in the capital's central business district, and others.
The new Public Procurement Act: private-sector bribe payers beware
Business, Wirot Poonsuwan, Published on 11/10/2017
» The much-awaited Public Procurement Act 2017 finally became effective on Aug 23, 180 days after it was published in the Royal Gazette. It completely repeals and replaces the long-standing Procurement Regulation of the Office of the Prime Minister 1978.
Issues to look out for when investing overseas
Business, Wirot Poonsuwan, Published on 13/09/2017
» Thai investors are increasingly expanding abroad, setting up companies and joint ventures with local partners in neighbouring countries in the CLMV (Cambodia, Laos, Myanmar, Vietnam) and other regions. These outbound investments bring businesses into contact with many laws and regulations, and a basic understanding of the issues in each country is essential. These include:
Sponsor support must not turn into a personal guarantee
Business, Wirot Poonsuwan, Published on 09/08/2017
» In international project financing, liability of the sponsor or ultimate owner and major individual shareholder of the project company is limited to making available his own personal financial resources, in addition to syndicated bank credit facilities, to ensure that the project is completed on time. We call this limited-recourse financing.
PPP Law: Where have all the projects gone?
Business, Wirot Poonsuwan, Published on 14/06/2017
» Japan has called for an extension of the planned U-tapao-Suvarnabhumi-Don Mueang high-speed rail link to Ayutthaya, where a large concentration of Japanese factories is located. The province is also home to a sizeable Japanese expat community, a modern legacy of the historical Japanese village that flourished during the time of King Songtham in the early 17th century.
PPP law: project risks the private sector is anxious about
Business, Wirot Poonsuwan, Published on 05/07/2017
» The high-speed train from Nakhon Ratchasima to Bangkok, mired in delays for three successive governments, looks set to materialise after the current administration invoked the fast-track power of Section 44 of the interim charter to bypass all laws and obstacles to hire an all-Chinese consortium to build the line, contingent on US$5 billion (175 billion baht) in public debt to be raised soon.
PPP law and infrastructure projects
Business, Wirot Poonsuwan, Published on 10/05/2017
» Did you know Thailand was once the world's pioneer in bringing public-private partnership projects into existence?
Directors' liability: How a new law will change corporate life (Part II)
Business, Wirot Poonsuwan, Published on 03/04/2017
» While the Directors' Liability Amendment Act 2017, which came into force in February to amend 76 other laws on criminal liability of company directors and executives, offers better protection, you cannot afford to be complacent and do nothing to change the corporate status quo.
Directors' liability: impact of new law on public limited companies (Part III)
Business, Wirot Poonsuwan, Published on 18/04/2017
» The Directors' Liability Amendment Act 2017, amending 76 other statutes and effective in February this year, does offer better protection -- if and only if you are a company director and executive of a private limited company.