NO&T Thailand Legal Update
Background
The Law Reform Commission of the Office of the Council of State (the “Commission”) held a public hearing in relation to the proposed bill of amendment of the Civil and Commercial Code (“CCC”) in relation to the provisions concerning interest rate (the “Bill”) on 18 January 2021. The Commission aims to change the rate of interest under the CCC, which is not the interest on loan of financial institutions, to adapt to the current economic situation, since Thailand has been adopting the current interest rate of seven and a half percent (7.5 %) per annum for more than ninety (90) years. As a result of the public hearing, the Commission has concluded the details of the Bill at the end of February 2021, details are provided in this newsletter.
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)
