Showing 1 - 10 of 15
The US vs Apple and Microsoft: makings of a perfect storm
Business, Tilleke & Gibbins International Ltd, Published on 01/04/2016
» In February, a US court in California issued an order to Apple that was equivalent to a magnitude 9 earthquake striking Silicon Valley. It told Apple to write code to bypass a security feature to allow a brute-force password attack by the FBI to unlock an iPhone used by one of the terrorists killed by police after the San Bernardino attack in December 2015.
Insider trading: Time for reform and tougher penalties
Business, Tilleke & Gibbins International Ltd, Published on 05/02/2016
» Recent headlines in Thailand and abroad have drawn attention to a spate of high-profile cases involving insider trading and the inadequate punitive action that follows. Many have called into question the efficacy of sanctions imposed by the Thai Securities and Exchange Commission (SEC) to deter insider trading. This article will look at the law surrounding insider trading in Thailand, how it is enforced and whether the law is effective.
Reorganisation: Business survival during a crisis
Business, Tilleke & Gibbins International Ltd, Published on 08/01/2016
» Thailand is no stranger to tumultuous events, be it unrest in the Deep South, widespread flooding, economic slowdowns in trading partners, domestic protests, exchange rate instability, global economic crises or flailing tourism.
Customs audits: understand the process and minimise your liability
Business, Tilleke & Gibbins International Ltd, Published on 30/10/2015
» It is common for Thai Customs Department officials to audit companies that import or export goods. The audits are generally random, and they almost always include a surprise inspection. Importers are rarely informed in advance by customs officials.
Class actions arrive in Thailand: will the law of unintended consequences prevail?
Business, Tilleke & Gibbins International Ltd, Published on 15/05/2015
» In December of this year, amendments to the Civil Procedure Code allowing for class-action lawsuits will come into force. If the effects on the legal systems of other jurisdictions are good indicators, the Thai legal landscape will undergo a fundamental shift. This article will introduce class actions generally and then look at the new legislation and its potential impact.
Insurance laws changing with the times
Business, Tilleke & Gibbins International Ltd, Published on 01/05/2015
» To promote and develop Thailand's growing insurance industry and prepare for greater market activity under the Asean Economic Community, the government recently amended the laws governing the country's life and non-life insurance industries for the third time. Formally known as the Life Insurance Act No.3 of 2015 and the Non-Life Insurance Act No.3 of 2015, the amendments took effect on March 6, seven years after the previous amendments were made. The changes can be divided into three main parts as follows:
Catch me if you can: Cases of stock manipulation
Business, Tilleke & Gibbins International Ltd, Published on 20/03/2015
» Last year, 23 people were alleged to have been involved in the manipulation of three separate stocks. The investigations and prosecutions in these cases are ongoing. In light of recent events, this article explains the crime of stock manipulation, discusses the seminal Supreme Court decision on the matter and identifies a potential new tool of enforcement for private citizens through the recently passed class action legislation.
Challenges of protecting intellectual property in the software industry
Business, Tilleke & Gibbins International Ltd, Published on 20/02/2015
» In the fast-evolving and highly competitive technology industry, software developers and owners should exercise strong vigilance to ensure that their creations are properly guarded within the ambit of intellectual property rights. Protecting software, however, involves complex, interrelated issues that encompass a mix of copyright, patent, trademark and trade secrets law.
New provisions for tax breaks
Business, Tilleke & Gibbins International Ltd, Published on 10/01/2014
» Generally speaking, Specific Business Tax (SBT) is an alternative tax that is levied on certain types of businesses _ particularly those in the financial services sectors. It was first introduced in tandem with the value-added tax (VAT) regime in 1992. The method for collecting SBT can be likened to that of sales tax, which was used in Thailand in the previous incarnation of indirect tax collection, before VAT.
Real estate investment trusts in thailand
Business, Tilleke & Gibbins International Ltd, Published on 13/12/2013
» The evolution of real property financing in Thailand _ from primarily bank loans to rigid property funds to the proposed real estate investment trusts (REITs) _ reflects the liberalisation of the Thai market, the need for alternative funding options, and the need for the country to maintain its regional competitiveness.