Foreign companies dealing with Thai companies that are having financial problems should be alert to notices that the Thai company is the subject of an Order for Reorganization under the Thai Bankruptcy Act. This is particularly true if the Thai …
Overview of Thai Bankruptcy Reorganization Law Bankruptcy laws often require courts and parties to make hard choices. In a bankruptcy there is simply not enough money to satisfy everyone, and difficult decisions must be made about who gets what. In …
The ongoing financial crisis and economic slowdown are expected to have a considerable impact on Thailand’s economy. Businesses which have experienced record levels of growth are suddenly being confronted with declining sales and a lack of working capital in a …