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​ 

April 18, 2012
Thailand’s ratification of the United Nations Convention Against Corruption (UNCAC) is further evidence the Kingdom intends to ramp up its anti-corruption measures in a bid to facilitate the prosecution of offenders and increase transparency in its public procurement process.The ratification of the UNCAC on March 31, 2011, seven years after Thailand’s signing made it the 149th State Party of the UNCAC, has significantly led to the first amendment of the Organic Act on Counter-Corruption (OACC), which is the core anti-corruption legislation, in 10 years.
December 23, 2011
This chapter provides an overview of the legal system and key laws for foreign companies doing business in Thailand. Presented in a question-and-answer format, the chapter examines the rules governing foreign investment, business vehicles, employment, tax, competition, intellectual property, marketing agreements, e-commerce, data protection, and product liability.
November 29, 2011
Recent trends showcase a clear intent by two of the world’s global powers to tackle corruption abroad. In recent years the United States, through the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), has dramatically increased its investigation and enforcement of the Foreign Corrupt Practices Act (FCPA). In addition, in 2010 the United Kingdom acted aggressively to address an historical weakness in its anti-bribery laws by enacting the U.K. Bribery Act.
November 7, 2011
Concerns raised by the Thai pharmaceutical industry in recent years of alleged corrupt practices by employees of state hospitals, has led to the implementation of more stringent legislation to combat the problem of state funds seeping through a porous pharmaceutical procurement system.