Showing 1 - 5 of 5
Creditors' claims for debt repayment in reorganisation
Business, Tilleke & Gibbins International Ltd, Published on 08/07/2016
» Thailand's economy does not paint an image that befits the country's reputation as the "Land of Smiles". Politics, drought, floods and conflict in the Deep South have taken their toll on Thai businesses. As a result, we have seen a steadily rising number of business reorganisations over the past few years. This article outlines Thailand's business reorganisation procedures and how creditors can collect debts from companies involved in reorganisation.
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:
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.
Inheritance of condominium units by foreigners in Thailand
Business, Tilleke & Gibbins International Ltd, Published on 01/11/2013
» Condominium units are valuable properties that owners often wish to see passed on to their heirs upon their death. In Thailand, there are a significant number of foreign condominium owners, many of whom are uncertain about property inheritance laws. This article will explore some of the pertinent issues surrounding inheritance by foreigners of foreign-owned condominium units.
Commercial lease agreements and thai law
Business, Tilleke & Gibbins International Ltd, Published on 30/11/2012
» Long-term lease agreements in Thailand are generally limited to a maximum term of 30 years and may then be renewed for another 30-year term under Section 540 of the Civil and Commercial Code of Thailand.