The Cabinet has approved a draft royal decree under the Financial Institution Business Act (the “FIBA”) to regulate the business of Hire Purchase and Leasing of Cars and Motorcycles operated by non-banks. No license will be required to operate the businesses, but this regulation would still affect the existing and new business operators in various aspects. Read more…
The Bank of Thailand and the Fiscal Policy Office have co-drafted the draft Royal Decree Designating Certain Types of Financial Business Operations that are subject to the Financial Institution Business Act, B.E. 2551 (“Draft Royal Decree”) to regulate the car and motorcycle hire-purchase and leasing businesses. The Draft Royal Decree is now open for public hearing. In this newsletter, we summarize key elements of the Draft Royal Decree including those who will be regulated and…
This third article of the CASE series discusses the “A” of CASE, autonomous cars. With unceasing endeavor in technology advancement, the day autonomous cars will be realized is getting closer. While autonomous feature of tomorrow’s cars is expected to promise safer and smarter transportation, several related legal frameworks are required and are still under development.Read more