As Thailand, and the world, face the growing COVID-19 crisis, the impact has begun to spread beyond people’s health and into the economy as a whole. While some businesses may be able to move to remote working practices to minimize economic distress, others may require…

Under the new Land and Building Tax Act B.E. 2562 (2019), individuals and juristic persons who have ownership, possessory, or usage rights over land or buildings (including condominium units) as of January 1 each year will be required to pay land and building tax to…

On December 6, 2019, the Notification Regarding the Guidelines for the Consideration of Unfair Trade Practices in Franchise Businesses was issued to prevent franchisors from adopting overly restrictive and unfair contractual conditions that are deemed to potentially cause damage to franchisees. The notification will become…

The National Wage Committee of Thailand’s Ministry of Labour has announced a new minimum daily wage, which will take effect on January 1, 2020. The announcement increases the minimum wage by THB 6 per day for workers in nine provinces—Bangkok, Chon Buri, Nakhon Pathom, Nonthaburi,…

The Contract Committee of the Consumer Protection Board has announced a number of new controls and lessee protections regarding residential property rental contracts executed from January 29, 2020, onward. These were detailed in the Notification of the Contract Committee Re: The Stipulation of Residential Property…

In support of Cambodia’s rapidly growing economy, the Cambodian government enacted the Law on Electronic Commerce (E-commerce Law) and the Law on Consumer Protection (Consumer Protection Law) on November 2, 2019. Both of these new laws change the legal landscape in important ways for businesses…

On November 5, 2019, the Bank of Thailand (BOT) announced further relaxations of foreign exchange (FX) control regulations on investment in foreign instruments, such as securities and derivatives, in order to facilitate capital outflows and cope with the strengthening of the Thai baht. The key…

Thailand’s Ministry of Commerce, to fulfill various treaty and agreement obligations and for ease of enforcement, has abolished the previous three ministerial regulations on minimum capital for foreign companies, and issued a single new Ministerial Regulation re: Minimum Capital and the Period to Bring or…

On September 6, 2019, Thailand’s economic ministers endorsed a new investment promotion package recommended by the Board of Investment (BOI) to enhance the country’s ability to attract foreign investment and encourage foreign investors seeking to relocate operations in order to escape the impact of the…

On July 12, 2019, the Securities and Exchange Commission of Myanmar issued Notification 1/2019 which announced that foreign entities and individuals will be permitted to invest in the shares in Myanmar companies listed on the Yangon Stock Exchange (YSX). Ownership will undoubtedly be restricted at…