Usufructs in Thailand
Usufructs in Thailand. In Thailand, a usufruct (สิทธิเก็บกิน, “Sitthi Kep Kin”) is a legal right allowing one person (the usufructuary) to use and enjoy another person’s immovable property — typically land or a house — without owning it.This right can cover residential use, commercial activities, or leasing out the property for income. Key points: The […]
Escrow Accounts in Thailand
Escrow Accounts in Thailand. In Thailand, where cross-border investments, real estate deals, and high-value transactions are common, escrow accounts serve as a critical financial tool to mitigate risk. Escrow ensures that funds are held securely by a neutral third party until all contractual conditions are met, protecting both buyers and sellers. This guide provides an in-depth analysis of […]
Foreign Business Act
Thailand’s Foreign Business Act (FBA), enacted in 1999, is a cornerstone of the country’s regulatory framework governing foreign investment and business operations. The FBA aims to protect Thai industries, promote local participation in the economy, and regulate the activities of foreign-owned businesses. For foreign investors and entrepreneurs seeking to establish a presence in Thailand, understanding the […]
Power of Attorney in Thailand
Power of Attorney is a valuable legal instrument, allowing individuals to delegate authority for various transactions and situations. It is important to understand the different types and process of drafting a Power of Attorney, particularly in Thailand. It is also advisable to have a Power of Attorney notarized for additional authenticity and recognition, especially in […]
Notary Public in Thailand
A notary public is an official licensed by a state to authenticate documents, witness affidavits, and administer oaths. In addition, notaries certify copies by comparing them to the original document and adding their official seal. For business and immigration purposes, having your documents notarized can be a lifesaver. But how do you know that you’re […]
Breach of Contract in Thailand
Contracts weave the fabric of commerce in Thailand binding parties to mutual obligations and fostering trust in agreements. Navigating contract disputes in Thailand requires an understanding of local legal practices, negotiation strategies and cultural awareness. When contractual threads unravel resulting in a breach of contract, litigation may become necessary. This article will explore the definition, […]
Personal Injury Claims in Thailand
Personal Injury Claims in Thailand necessitate a thorough understanding of Thai law and meticulous documentation. The process includes filing a lawsuit and seeking compensation for damages. Under the Thai Civil and Commercial Code, anyone who wilfully or negligently causes injury to another person’s life, liberty, body, health, property, or rights is bound to make compensation. […]
Medical Malpractice in Thailand
As medical tourism grows, stories of botched operations and deaths in Thailand are becoming more common. However, many patients who believe they are victims of malpractice are unsure where to start. Understanding the legal framework and seeking professional guidance can help navigate medical malpractice in Thailand. In addition, prioritizing transparency and fostering an environment of […]
Dispute Resolution in Thailand
Arbitration is a popular means of dispute resolution in Thailand. It is widely used in business contracts and the arbitration law allows parties to stipulate for an arbitration clause. Courts are empowered to encourage mediation and settlement conferences at the outset of or during litigation. However, prospective litigants are not obligated to pursue such measures. […]
Trade Disputes in Thailand
Litigation is a costly, time consuming and stressful method to resolve trade disputes. It should only be considered as a last resort, after other options have been exhausted. In this case, the Philippines argued that Thailand’s measures had negatively impacted imported cigarettes, and thus breached the CVA and GATT. The DSB ruled in favour of […]