NO&T Thailand Legal Update
Background
As Thailand continues its strategy to attract and retain more investors and increase its current ranking under World Bank’s Ease of doing Business, the government is planning to amend the current provisions of the general corporate laws in the Civil and Commercial Code (the “CCC”) to be more investor-friendly and digitally-equipped. The highlights of the upcoming amendments include regulations allowing board of directors meetings to be held via electronic means (so called “e-meetings”), abolishment of the onerous local newspaper notice procedure regarding shareholder meetings, and simplifying the procedure for corporate registration.
On 9 June 2020, the Cabinet adopted the resolution approving a bill of amendment to the Civil and Commercial Code (the “Bill”) governing partnerships and limited companies.
Based on the resolution summary, the Bill includes the following key amendments:
Yuan Yao Lee
Yusei Uji
Shunsuke Minowa, Poonyisa Sornchangwat (Co-author)
Shohei Sasaki, Shunsuke Minowa, Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Yuan Yao Lee
Yusei Uji
Shunsuke Minowa, Poonyisa Sornchangwat (Co-author)
Shohei Sasaki, Shunsuke Minowa, Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Claire Chong, Nozomi Kato (Co-author)
Yuan Yao Lee
Hoai Truong
Nopparak Yangiam, Parot Promkam (Co-author)
Claire Chong, Nozomi Kato (Co-author)
Yuan Yao Lee
Hoai Truong
Nopparak Yangiam, Parot Promkam (Co-author)
Nopparak Yangiam, Parot Promkam (Co-author)
Shunsuke Minowa, Poonyisa Sornchangwat (Co-author)
Shohei Sasaki, Shunsuke Minowa, Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Yothin Intaraprasong, Theerada Temiyasathit (Co-author)
