Search for:
Author

Baker McKenzie

Browsing

The Act on the amendment to the Civil and Commercial Code that will take effect on 7 February 2023 implements some amendments relating to corporate governance, including: the minimum number of promoters and shareholders (will be reduced to two persons); publication of meeting invitations in the newspaper; and affixing of seal on share certificates. Read more…

In Thailand, many existing laws, such as the Consumer Protection Act, the Electronic Transactions Act, the Public Company Act, and the Commercial Registration Act, provide fines as criminal or administrative penalties.  A law has been promulgated to change these to fines that are not criminal sanctions, and will take effect from 22 June 2023. Violators will not be subject to criminal sanctions and will not have a criminal record. Read more…