On 20 September 2022 the Cabinet has approved a draft ministerial regulation reducing certain social security contribution rates for 3 months as proposed by the Ministry of Labour. It is expected that the ministerial regulation will be issued and officially …
Data protection rights are in the spotlight this month, as the European Union’s General Data Protection Regulation goes into effect on May 25. In Thailand, movements towards finalizing the country’s Data Protection Act (DPA) were recently reported in a leading …
Foreign Corrupt Practices Act (“FCPA”) investigations typically involve third parties or subsidiaries located outside the US since most FCPA violations arise out of the activities of foreign third parties or foreign subsidiaries. But most guides on how to conduct FCPA investigations and …
In the largest investigation to date by the Serious Fraud Office, Rolls Royce plc and Rolls Royce Energy Systems, Inc agreed to a deferred prosecution agreement arising out corrupt payments made in various countries, including Thailand. The deferred prosecution agreement …
Effective January 1, 2017, most provinces in Thailand will see a modest increase in the daily minimum wage. There has been some controversy over the setting of Thailand’s minimum wage following a move to a national minimum wage of 300 THB …
The current Labor Protection Act of 1998 (Section 118) generally requires all employers in Thailand to pay severance to employees who are “terminated” by the employer without legal cause (as further described in Section 119). The Thai courts interpret “termination” to …
PriceSanond attended a luncheon hosted by the Joint Foreign Chambers of Commerce in Thailand (JFCC) at the Shangri-La Hotel on 25 November 2016. The highlight of the luncheon was a one-hour address by H.E. Prime Minister General Prayuth Chan-ocha entitled …
What is it? The RCEP is a proposed free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam), and the six …
A recent U.S. Securities and Exchange (SEC) administrative proceeding against California based Health Net illustrates a challenge when documenting settlements with exiting employees in Thailand. Heath Net used severance agreements that required employees to waive their rights to obtain monetary …
For helping clear Miss Ratchanok Itanon of doping charges before the Badminton World Federation, Khun Sarocha was awarded a Certificate of Appreciation – click here – on 18 July 2016. This clears the way for Ratchanok to participate in the 2016 …
As reported in the Bangkok Post, the Thai government has voiced what is likely its strongest support in favor of joining the Trans Pacific Partnership (TPP). Deputy Prime Minister Somkid Jatusripitak stated before a gathering of business leaders in Japan …
Foreign companies dealing with Thai companies that are having financial problems should be alert to notices that the Thai company is the subject of an Order for Reorganization under the Thai Bankruptcy Act. This is particularly true if the Thai …
DTAC’s request to develop its idle 25-megahertz band on the 1,800MHz spectrum to provide a 4G cellular service, has been rejected by the National Broadcasting and Telecommunications Commission (NBTC), reports the Bangkok Post. DTAC – Thailand’s second largest telecom – …
Please see our new article describing Thailand’s Department of Industrial Works here. For more information on regulatory issues inThailand in general, please see the knowledge section of our website here.
Canada previously was the subject of some criticism for failing to vigorously enforce its foreign anti-corruption laws, but that is apparently changing with Canada’s filing of criminal corruption and fraud charges against two subsidiaries of Canadian engineering and construction giant …
Lease agreements and service (hire for work) agreements are typically subject to stamp duty in Thailand equal to 0.1% of the value of the agreement, with payment of such duty involving the purchase of actual stamps to be affixed to …
Of the top ten FCPA enforcement actions, only two involve U.S.-based firms – KBR and Alcoa. Instead, non-U.S. companies have dominated the headlines for FCPA prosecutions, with Alstom, a French company, recently reaching a settlement with the U.S. Department of …
On March 6, 2015, the Director-General of the Employment Department issued a notification stating that the following activities are not considered “work” under the Thai Alien Occupation Act, B.E. 2551: Attending a conference, discussion or seminar. Attending an exhibition or …
PriceSanond partner Pramote Srisamai and associate spoke at the British Chamber of Commerce in Bangkok on 24 March 2014 on the Thai labour law. To access their power point presentation, please click here.
As Thailand considers adopting the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, a preliminary study carried out by Chulalongkorn University’s law faculty indicates many local businesses remain unprepared for its effects, as reported in …
The legal status of virtual currencies in Thailand, such as Bitcoin, has been uncertain over the past year, and a recent notification from the Bank of Thailand (BOT) has not provided much additional clarity. Virtual currencies operate as a peer-to-peer currency …
PriceSanond partner Pramote Srisamai will be one of the speakers at the Breakfast Briefing on the Labor Environment jointly hosted by the Human Resources and Legal Committees of the American Chamber of Commerce in Thailand (AMCHAM) on 18 February 2015. The …
Although many foreign investors are familiar with the Foreign Business Operations Act, B.E. 2542 (FBA), there are some peculiarities about the (FBA) that many foreign investors overlook. Please click here to access our latest article on the peculiarities of the …
Thailand’s Revenue Department has traditionally focused on audits of corporate income tax returns, as individuals have not been of much interest to Revenue Department officers. Recently, however, the department has shifted its focus to personal income tax as authorities seek …
Access the Thai Chapter of the 2013 edition of the Getting the Deal Through’s guide to Anti-Corruption Regulation, authored by PriceSanond lawyers by clicking here. We also have reports in the Anti-Corruption section of the Knowledge part of our website on …