The Report: Thailand 2018: Legal FrameworkOBGplus
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Viewpoint:David Lyman Being a second-generation US lawyer domiciled in Asia, and my family having first settled in East Asia 71 years ago in 1947, I have learned several lessons as to my own role in this geography. The countries and people of the Greater Mekong Subregion (GMS) are extremely diverse in their cultures, histories, customs, moralities, religions, resources, political systems, legal…
The Thai government has long believed in an open, laissez-faire economy that welcomes foreign investment. Various tax and non-tax incentives are granted to attract foreign investment through government agencies – such as the BOI and the Industrial Estate Authority of Thailand (IEAT) – and bilateral agreements that bind Thailand to other countries, including the ASEAN Comprehensive Investment…
Thailand’s medium- and long-term economic outlook remains bright it makes progress with development plans aimed at bolstering the business environment, diversifying the industrial base and attracting higher levels of foreign investment. One of these blueprints is the Eastern Economic Corridor (EEC) Act, which was laid out in February 2018 and established a set of attractive investor incentives f
Viewpoint: David Lyman My family has lived in Thailand since May 1949 and I have been practicing law here since 1967 – that’s 50 years now. Thus, I see Thailand from the perspective of a long-term foreign permanent resident. Let’s take the military coup of May 2014; it’s the 13th coup I have witnessed. It and its predecessors all have much in common: all were conducted, it is said, in order…
The Thai government has long believed in an open, laissez faire economy. Foreign investment is welcome, and various types of incentives – either tax incentives or non-tax incentives – are granted to attract foreign investment through government agencies, such as the Board of Investment (BOI) and the Industrial Estate Authority of Thailand (IEAT), and bilateral agreements that bind Thailand…
Thailand has benefitted from decades of rapid industrial development to become an upper middle-income economy, with GDP growth averaging more than 7% from the 1950s to the 1990s. Growth slowed in 2014, although political stability and solid macroeconomic fundamentals saw the country’s economic recovery continue in 2016, as GDP growth rose to a three-year high and export receipts increased. Manuf
This chapter examines Thailand’s legal system, focusing on incentives available to encourage export activities, analysis of company law and details of permits required for foreign companies. It also contains a viewpoint from David Lyman, Chairman and Chief Values Officer, Tilleke & Gibbins.…
This chapter examines the Thai legal code, focusing primarily on plans to attract investment, special economic zones, types of businesses that can be set up, and other key topics. It also contains a viewpoint from Yuthana Promsin, Partner and Co-founder of Jus Laws & Consult.…
Anticipating the opportunities and challenges of its economy’s transition into the ASEAN Economic Community, Thailand has overhauled its approach to public-private partnerships (PPP) to encourage both greater participation by government agencies and private investors and PPP development in areas that will lead to the more efficient construction and operation of public facilities important to the…