On 7 August 2015 the National Legislative Assembly (NLA) approved new legislation called the Business Security Act (BSA), which will come into force in July. The BSA is intended to provide Thailand with a form of personal property security interest …
On 7 August 2015 the National Legislative Assembly (NLA) approved new legislation called the Business Security Act (BSA), which will come into force on 1 July 2016. The BSA is intended to provide Thailand with a form of personal property …
The Act amends the Machinery Registration Act B.E. 2514 (1971), as amended by the Machinery Registration Act (No. 2) B.E. 2530 (1987), by: allowing private individuals who are duly licensed by the Central Machinery Registrar to inspect machinery in connection …
A bill proposed by Thailand’s National Council for Peace and Order (NCPO), which has since been approved by the National Legislative Assembly (NLA), reduces the potential liabilities faced by persons in Thailand providing guarantees or mortgaging their real property for …
New regulations have been promulgated under the Thai Anti-Money Laundering Act (AMLA) and all will be effective by the end of August 2011 (the New Regulations). In brief, the main changes introduced by the New Regulations provide as follows: Additional …
The Thai Anti-Money Laundering Act B.E. 2542 (1999), as amended in 2009 (AMLA), forms the core of Thailand’s anti-money laundering law. As in many other jurisdictions, the Thai laws concerning money laundering are in their early stages of development and …
There are two basic methods of enforcing a mortgage under Thai law. The first and far more common method of enforcement is to obtain a court judgment ordering the mortgaged property to be seized and sold at a public auction. …
A trust receipt is a method of financing the purchase of goods, as well as a security instrument over goods (generally inventory). Typically, a buyer requires financing from a bank in order to purchase goods pursuant to a letter of …
Security is collateral that is provided to guarantee fulfillment of an obligation. The obligation is often a debt, but this is not always the case. The term “mortgage” is often used interchangeably with the term “security”. From the perspective of …
Banks and other financial institutions in Thailand are principally regulated by the Financial Institutions Business Act of 2008 (Financial Institutions Act). Currently there are 15 commercial banks in Thailand (5 of which are foreign-owned), 2 retail banks, 15 branches of …