Thailand is a priority destination for foreign direct investment (FDI) and has enjoyed steadily increasing FDI since the return of political stability in 2014. The current regime has made concerted efforts to consistently improve the country’s appeal as an FDI destination, resulting in an increasingly attractive and modern legal framework.
The steady surge of FDI, and the long-term presence of foreign investment projects, has introduced a number of factors to the regulatory landscape that must be considered by local, regional, and global counsel when doing business in Thailand. The anti-corruption environment in which investors operate is foremost among these, and is the subject of substantial efforts and investment by the government aimed at curbing corruption.
Michael Ramirez, a senior member in Tilleke & Gibbins’ dispute resolution team, addresses these factors and more in the Thailand chapter of The Asia-Pacific Investigations Review 2018, a guide to the important issues in internal and government investigations across the Asia-Pacific, published by Global Investigations Review.
The Thailand chapter of the guide covers corruption, international law and extraterritorial effect, enforcement of bribery laws, whistleblowing, and the impact overseas anti-corruption laws may have on the country.