Showing 21 - 30 of 61
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.
Trade laws prohibit anti-competitive practices
Business, Tilleke & Gibbins International Ltd, Published on 28/11/2014
» Competition law, which is also called antitrust law in the United States, trade practices law in Australia and Britain, or anti-monopoly law in Russia and China, may go by many names, but what most competition laws generally have in common are these three elements:
Reviving dead companies using Thai law
Business, Tilleke & Gibbins International Ltd, Published on 14/11/2014
» Death is not always final, at least not for juristic persons under Thai law. Under certain circumstances, companies can be revived after being legally declared defunct or dissolved. This article will discuss how and when such companies can be restored.
Controlling intellectual property when outsourcing
Business, Tilleke & Gibbins International Ltd, Published on 19/09/2014
» Outsourcing is not a novel way of doing business. No matter the industry, a company is likely to be involved in outsourcing in some way. When hiring a third party to assist in a part of your business, the main factors influencing management's choice of vendor are expertise, quality of outcome and budget.
Subcontracted workers and employer liability
Business, Tilleke & Gibbins International Ltd, Published on 05/09/2014
» Businesses in Thailand, particularly manufacturers, have used workers employed as subcontractors through agreements with third parties to meet fluctuating demand, reduce labour costs, and otherwise benefit from the flexibility that subcontracted employees provide.
Customs Settlements: Guidelines for Waiver of Prosecution
Business, Tilleke & Gibbins International Ltd, Published on 22/08/2014
» Every year, numerous companies and individuals face criminal prosecution for violating Thai customs law. The penalties include significant fines and even incarceration. This can have a profound effect on both a company and its employees and agents, and even those who may have unintentionally violated customs laws.
Microinsurance needs a push to reach potential in Thailand
Business, Tilleke & Gibbins International Ltd, Published on 11/07/2014
» In order to expand the availability of life and non-life insurance policies to those who are unable to afford standard premiums, the Office of the Insurance Commission (OIC) has been promoting microinsurance in Thailand.
Ins and outs of direct-sales registration in Thailand
Business, Tilleke & Gibbins International Ltd, Published on 13/06/2014
» Thailand is a highly attractive market for businesses engaged in direct sales, with most of the top global companies present. The result is a 70-billion-baht industry with an annual growth rate of 8.3%. With many new companies eager to join the fray, this article provides an introduction to the legal requirements necessary to proceed with a direct-sales venture.