You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

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.

RELATED INSIGHTS​ 

August 20, 2018
A new anti-corruption law has come into effect in Thailand. Formally named the Act Supplementing the Constitution Relating to the Prevention and Suppression of Corruption B.E. 2561 (2018) (the “New Anti-Corruption Law”), it repeals and replaces the 1999 Organic Act on Counter Corruption and its various amendments (the “Old OACC”).
April 12, 2018
The latest edition of Practical Law Company’s Doing Business in … Global Guide includes a chapter on Vietnam written by lawyers from Tilleke & Gibbins’ Ho Chi Minh City and Hanoi offices. The popular guide, produced in association with Lex Mundi, the world’s largest network of independent law firms, provides the ins and outs of establishing and operating a business in more than 50 jurisdictions worldwide.The Vietnam chapter covers the following main topics:
March 13, 2018
A new Penal Code (the “New Penal Code”) came into effect in Vietnam on January 1, 2018. Important for foreign and domestic investors alike, the New Penal Code introduces a number of provisions on corporate criminal liability and anti-corruption, increasing the risks for businesses in the country.
February 27, 2018
Vietnam’s new Penal Code (the “New Penal Code”), which became effective on January 1, 2018, significantly bolsters Vietnam’s anti-corruption laws with respect to the private sector. The New Penal Code sets out numerous corruption-related offenses, including the giving and promising of bribes, the receiving of bribes, the “brokerage” of bribes, and embezzlement. The most significant corruption-related change in the new law involves the criminalization of private-sector bribery.