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

November 8, 2017

The Asia Pacific Investigations Review 2018 – Thailand Chapter

Global Investigations Review

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.

RELATED INSIGHTS​ 

November 8, 2017
Under the governance of the National League for Democracy government led by President Htin Kyaw and State Counsellor Aung San Suu Kyi, Myanmar has witnessed many remarkable improvements in its legal, social, and economic commitments in the past two years—especially in respect of the legalization of market sectors and the promotion of foreign investment.This includes a continuous and demonstrable effort to fight corruption, and although doing so will be a lengthy process, significant progress has already been made and
November 8, 2017
Vietnam continues to see a trend of increasing foreign direct investment. In 2016, foreign investment inflows reached US$15.8 billion—a record level. This figure represents a 9 percent increase from 2015, which was another record year for foreign investment. The Economist  surmises that Vietnam is mixing the right ingredients for rapid and sustained growth, similar to South Korea, China, and Taiwan before it.
November 8, 2017
All economic growth indicators show that Cambodia is an attractive destination for foreign investment, with the economy experiencing stable and substantial annual growth, the population’s purchasing power steadily increasing, and the economy diversifying. The Cambodian government is determined to provide an open market for investment, implementing positive reforms in business registration procedures, as well as in Cambodia’s tax regime.
November 8, 2017
As a small, landlocked nation, surrounded by heavily populated economic powerhouses, the Lao People’s Democratic Republic (Laos) is often overlooked as a foreign investment destination in favor of its neighbors. However, Laos’ shared borders with Thailand, Vietnam, Myanmar, Cambodia, and China place it in a uniquely appealing geographical position, with the potential to become a vibrant economic hub between China and the Association of Southeast Asian Nations (ASEAN).