Reinsurance Framework

Thailand’s Payment System Act B.E. 2560 (2017), which came into force in April, 2018, reclassified payment systems and services into three categories—highly important payment systems, designated payment systems, and designated payment services—with subsequent regulations prescribing the systems and services that fall within each category.

Myanmar’s Insurance Business Regulatory Board has recently announced a program of reform for Myanmar’s insurance sector, expected to allow foreign insurers to do businesses in Myanmar in the very near future.The program of reforms is expected to open the following activities, among others, and within limited conditions, to foreign insurers:

Investment by Thai companies in Vietnam is surging over recent years, especially after several major M&A deals in the last few years in the beverage, retail and other sectors. However, Thai companies, as well as all foreign investors in Vietnam, should be aware of some common pitfalls in regard to Vietnamese employment law.Termination of Employees

The latest edition of the Practical Law Life Sciences Global Guide was recently published, with content for Vietnam contributed by practitioners from Tilleke & Gibbins’ Hanoi and Ho Chi Minh City offices. The guide provides a comparative overview, in Q&A format, of laws and regulations on pharmaceuticals, medical devices, and other life sciences products in dozens of jurisdictions around the world.

Experts from Tilleke & Gibbins have authored the Vietnam chapters of the latest edition of the Practical Law Life Sciences Global Guide. The guide provides a comparative overview, in Q&A format, of laws and regulations on pharmaceuticals, medical devices, and other life sciences products in dozens of jurisdictions around the world.

On June 12, 2018, Vietnam passed a new Law on Competition that will take effect on July 1, 2019, replacing the Law on Competition of 2004. The new law brings about several changes affecting intellectual property. Notably, it eliminates many of the discrepancies between the current 2004 Competition Law and the Intellectual Property Law in dealing with IP-related unfair competition.Acts of Unfair Competition

The 2018 edition of Thomson Reuters’ Practical Law Life Sciences Global Guide  has been released, with a chapter on Pharmaceutical Intellectual Property and Competition Law in Thailand penned by legal practitioners from Tilleke & Gibbins.The guide is a Q&A-style overview of the regulatory frameworks of the life sciences industries across multiple jurisdictions worldwide, with this chapter addressing the following issues as they relate to Thailand: