INSIGHTS
Pisut & Partners advise and represent Unit Owners of Ashton Asoke on the potential or contingent risk of impact on the right over the properties
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 [...]
Managing Partner of Pisut & Partners Admitted to THAC Panels of Arbitrators
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 [...]
SEC’s Actions Against Binance Could Have Wider Legal Implications for Other Foreign Businesses
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 [...]
New Guidelines on Unfair Trade Practices Pertaining to Credit Term with SMEs
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 [...]
Green Light for Thai Airways’ Business Rehabilitation: Foreign Creditors Urged to Begin Preparation for Debt Repayment Applications
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, [...]
Does Thailand Bar Enforcement of Ipso Facto Clauses?
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 [...]
Can an Arbitration Agreement bind Non-Signatories to that Agreement?
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 [...]
Compliance in the time of Covid – Thailand
Covid-19 has created a perfect storm for regulatory lapses and failures: an unprecedented combination of business and regulatory disruption in a condensed time of period. Compliance requirements and safeguards are ignored, and compliance investigations hindered, [...]
COVID-19: Social Security Relief
On 17 April 2020, the Thai government published in the Royal Gazette two ministerial regulations relating to social security relief. One of them temporarily increases unemployment allowance rates (from a maximum of THB 7,500 to [...]
PDPA Postponement and Appointment of the PDPA Committee
On 19 May 2020, the cabinet of Thailand decided to postpone the enforcement of Thailand’s first general data privacy law known as the Personal Data Protection Act (“PDPA”) from 28 May 2020 until 1 June [...]
COVID 19 Update – Thailand to allow companies to hold shareholders and board meetings through electronic mode
On 19 April 2020, the Thai Government published in the Royal Gazette a new Emergency Decree on Teleconferences through Electronic Devices B.E. 2563 (2020) (“2020 Emergency Decree”). The 2020 Emergency Decree superseded the Announcement of [...]
Tighter Regulatory Grip on Unfair Trade Practices in Thailand
Business operators in Thailand are afforded the protection against unfair trade practices under the Trade Competition Act 2017 (“Act”), with the exception of a few categories of operations and businesses prescribed under the Act. The [...]