Showing 1-10 of 21 results
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Public-private partnerships in infrastructure projects
Business, Tilleke & Gibbins International Ltd, Published on 09/12/2016
» The government has said it intends to use public-private partnerships (PPPs) to help it achieve its infrastructure development goals. To this end, the previous administration passed the Private Investment in State Undertakings Act (2013) and the current government announced a related strategic plan in 2015.
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Terminating an employee for poor work performance
Business, Tilleke & Gibbins International Ltd, Published on 30/09/2016
» As most employers can attest, terminating employees for poor job performance is not easy. But it is legally possible, so long as specific precautionary measures are taken. If such measures are not taken, an employer may find itself either stuck with an incompetent employee, or on the losing end of a lawsuit for unfair termination.
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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.
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The new payment systems bill: e-payments and beyond
Business, Tilleke & Gibbins International Ltd, Published on 18/03/2016
» In recent months, there has been excitement about the prospect of new electronic payment services in Thailand. News reports have described a system that will enable instantaneous funds transfer using only ID cards.
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Termination for Serious Fraud: Tamping Out Smouldering Embers
Business, Tilleke & Gibbins International Ltd, Published on 02/10/2015
» Fraud, which is both a civil and criminal wrong, involves a deliberate deception to secure an unfair or unlawful gain. Employees commit fraud of varying degrees for many reasons including financial, peer pressure and patronage obligations. In Thailand, most employee fraud is viewed as minor and goes unpunished even if detected. Serious fraud is another matter.
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Rights and duties of joint owners in a condominium project
Business, Tilleke & Gibbins International Ltd, Published on 04/09/2015
» Condominiums are a particularly desirable form of residence for those living in the city because they offer convenience and often a variety of common facilities. There are, however, several obligations and duties that joint owners of condominium units should be aware of and comply with.
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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.
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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:
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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.
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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.
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