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:
Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
Ario Putra Pamungkas
Long Nguyen
Rashmi Grover
Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
Long Nguyen
Rashmi Grover
Anastasia Jessica Maureen
Yuan Yao Lee
Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
Yothin Intaraprasong, Yosuke Konno, Naruenad Charoenpakdee (Co-author)
Ario Putra Pamungkas
Yuan Yao Lee
Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
Yothin Intaraprasong, Yosuke Konno, Naruenad Charoenpakdee (Co-author)
Ario Putra Pamungkas
Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
Yothin Intaraprasong, Yosuke Konno, Naruenad Charoenpakdee (Co-author)
Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Yothin Intaraprasong, Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
