The new amendment to the factory waste management regime, which will be fully effective from 1 November 2023 (one section is effective already from 1 June 2023), stipulates the legal obligations for both waste generators and processors, and holds factories responsible for managing the waste they generate. For instance, waste generators must submit an annual report of the collection of unmanaged waste and the management of waste inside the factory premises to the Department of…
The new rules were issued with the aim to improve the efficiency of capital market transactions. They will be effective from 1 July 2023, and the main key points include: Removal of the requirement for the SEC’s approval; New requirement for an IFA’s opinion; Market price determination; Private placement of unallocated shares remaining from preferential public offerings (PPO); and Mandatory offering periods. Read more…
The exemption on import duties covers nine main parts, which will be used in domestic manufacturing or assembly of battery EVs (BEVs) or battery-powered electric boats to promote the domestic production of electric vehicles (EV) and strengthen the domestic EV supply chain. This Notification became effective on 26 May 2023, and, among others, stipulates the conditions of validity period and certificate acquisition. Read more…
In Thailand, both green carbon and blue carbon projects are now available. In this newsletter, we discuss the trend of forestation activities in Thailand as well as legal developments to promote forestation projects to obtain carbon credits. Read more…
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…
A report on greenwashing was launched at the UN Climate Change Conference, Conference of the Parties (COP) 27. Executive Action Plans for Early Warnings for All Initiatives, and The Breakthrough Agenda for accelerating decarbonisation were also announced. Read more…
Under the amendment to the Labour Protection Act which will become effective on 18 April 2023, agreements on remote working required to be in writing or in electronic format. Examples of key provisions are also provided. Furthermore, this amendment introduces the “right to disconnect”, which is the employee’s right to refuse any contact from the employer after the end of the normal working hours without prior written consent. Read more….
The Thai Cabinet has recently approved in principle two draft royal decrees to offer incentives for the private sector to contribute to Thailand’s effort to reduce greenhouse gas emissions. Read more…
The Personal Data Protection Committee has recently published a new notification regarding the rules and procedures for notifying the relevant persons of a personal data breach. The notification sets out the requirements and details of the data controller’s obligations regarding notification to the PDPC Office and/or the data subject in the event of a data breach. Read more…
Thailand Board of Investment (BOI) has issued new announcements that set out the BOI’s policies and key criteria for investment promotion and the updated list of activities that are eligible for investment promotion. Read more…