Showing 1 - 6 of 6
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.
Thailand's new debt collection law provides a measure of protection
Business, Tilleke & Gibbins International Ltd, Published on 21/08/2015
» Debt collection has long been associated with deceptive and unscrupulous practices. In Thailand, it is not uncommon to hear stories of collectors tricking debtors into paying by giving false information or even resorting to abusive language, violence and blackmail.
One-year visas for foreign condominium owners
Business, Tilleke & Gibbins International Ltd, Published on 31/10/2014
» Thai law allows foreigners — both foreign natural and juristic persons — who meet certain criteria to purchase and own condominium units in Thailand. This eligibility is, however, subject to the overarching directives of the Condominium Act, which stipulates two unwavering legal requirements:
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.
DSI also has right to investigate customs violations
Business, Tilleke & Gibbins International Ltd, Published on 21/03/2014
» Business operators in Thailand should be familiar with the many administrative agencies that have regulatory and investigative authority. For example, under the Customs Act B.E. 2469, the Customs Department has the right to investigate any customs transaction that might not comply with the customs law.
Health and safety and IP must go hand in hand
Business, Tilleke & Gibbins International Ltd, Published on 19/04/2013
» No one in their right mind would buy counterfeit medicines, chemicals, or car parts, yet there is a dark trade in these dangerous items in Asia _ and it is on the increase. A recent case in March, as reported by the Bangkok Post, is a clear example of what must be tackled: "Thailand's food chain and livestock industry faces a risk from imports of counterfeit glutaraldehyde, an organic compound used in disinfecting poultry and swine facilities" where up to 50% of the products found were fake.