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January 5, 2016

Anti-Corruption Law in Thailand: A Practical Guide for Investors

Tilleke & Gibbins

This guide provides a practical overview of Thailand’s anti-corruption laws as they pertain to the private sector, and particularly, to foreign investors. Thai anti-corruption law has traditionally focused on the recipients of bribes, such as government officials. But with the 2015 amendments to the Organic Act on Counter Corruption (OACC), attention is shifting toward bribe-givers—including private corporations and individuals. Since this guide is aimed at investors, it does not address how the laws affect politicians and other government officials. Instead, the guide discusses the myriad of anti-corruption requirements and penalties of which investors should be aware.

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January 28, 2020
Tilleke & Gibbins authors have provided the latest update to the Thailand Q&A section of Doing Business in… , a Q&A-style guide published by Thomson Reuters Practical Law that presents an overview of recent legal developments affecting doing business in 59 jurisdictions worldwide. The Thailand chapter of the guide was written by attorneys from Tilleke & Gibbins and presents an overview of Thailand’s legal system and key laws applicable to foreign companies doing business in the country.
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Successive Thai governments have consistently emphasized the importance of improving Thailand’s standing as a foreign direct investment (FDI) destination, recognizing its significant impact on economic growth and stability, along with a host of other beneficial factors. This awareness, coupled with Thailand’s well-developed and modern legal framework, has persuaded many investors to identify Thailand as a business hub in Southeast Asia.