Thailand has traditionally been an arbitration friendly state, embracing and promoting arbitration as a method of resolving commercial disputes. In fact, Thailand was among the first countries to adhere to the 1958 Convention on the Enforcement and Recognition of Foreign Arbitral Awards (the New York Convention), which it adopted in December 1959. Thailand’s recognition of arbitration as a fair, transparent and efficient means of settling disputes has traditionally extended to disputes between the private sector and government agencies, with Section 15 of its current arbitration law – the Arbitration Act, B.E. 2545 (Arbitration Act) – specifically providing that disputes between private parties and the government can be settled by arbitration.
