Thailand does not currently have any specific law on franchise businesses per se. However, relationships between franchisors and franchisees are generally governed by the Trade Competition Act 2017 which includes a catch-all provision prohibiting the use of “unfair trade practices”, a vague concept which has seen problematic enforcement since 1999 when Thailand’s first trade [...]
We are delighted to announce that our firm has once again been recognised as ‘Recommended Law Firm’ in the dispute resolution practice area in Asialaw Profiles 2022. Our firm has been ranked in Asialaw Profiles from 2020 until the present. In addition, our Managing Partner, Mr Pisut Rakwong has been ranked as ‘Notable practitioner’ [...]
Pisut & Partners has been appointed from the resolution of the Unit Owners of Ashton Asoke to advise and represent the Unit Owners of Ashton Asoke on the implications of the recent Central Administrative Court’s judgment to the revocation of building permit for luxury condominium “Ashton Asoke” that may impact and available options that [...]
Mr Pisut Rakwong, the managing partner has been admitted to the THAC Panels of Arbitrators, specifically as an arbitrator panellist for Corporate, International Trade, Information Technology, Shareholders, and Joint Venture Disputes, and the general commercial panel. The THAC Panels of Arbitrators is a select group of elite and arbitrators and includes prominent attorneys, retired [...]
It was reported on 3 July 2021 that the Thai Securities and Exchange Commission (“SEC”) filed a criminal charge against Binance, the world's largest cryptocurrency exchange platform, for operating without a business license from the SEC under the Emergency Decree on Digital Asset Businesses of 2018 (“Crypto Law”), a crime punishable with an imprisonment [...]
The Trade Competition Commission (“TCC”) of Thailand recently issued new anti-trust guidelines on 24 May 2021, i.e., the TCC Notification re Guidelines for Considering Unfair Trade Practices Pertaining to Credit Terms in Cases where Sellers of Goods or Services are Small and Medium-sized Enterprises (the “Credit Term Guidelines”). The Credit Term Guidelines were published [...]
We are delighted to announce that our firm has once again been recognised as ‘Recommended Law Firm’ in dispute resolution practice area in Asialaw Profiles 2021. In addition, our Managing Partner, Mr Pisut Rakwong has been ranked as ‘Notable practitioner’ in Dispute Resolution Practice in Asialaw Leading Lawyers 2021 Edition. Our reputation has grown due [...]
On 14 September 2020, Thailand Central Bankruptcy Court granted Thai Airways’ petition for business rehabilitation and approved the appointment of seven plan preparers, each nominated by the national airline. The court order for business rehabilitation, when published in the Royal Gazette, would effectively set in motion Thai Airways’ restructuring of its sizeable debt of THB [...]
Does Thailand Bar Enforcement of Ipso Facto Clauses? What is an Ipso Facto Clause? Although the term “Ipso Facto Clause” reeks of legalese, it is acceptable short hand for describing a particular type of contract clause that is often relevant to (but not limited to) bankruptcy cases. An Ipso Facto Clause is a provision in [...]
Yes, in some circumstances. This firm had a claim initiated by a party to a charter party agreement (“CPA”) dismissed and compelled arbitration on that claim because the CPA contained an arbitration clause. Significantly, our client was not a signatory to that CPA. But, because the charterer based its claim on an agreement containing an [...]
