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 3, 2014

Bangkok Post: David Lyman Comments on Proposed Foreign Control Restrictions

Subscribe to Updates
Bangkok Post

The Thai government has issued a new proposal to restrict foreign control over joint-venture companies in Thailand. The change, which would be made to the Foreign Business Act—an Act governing activities of foreign businesses in Thailand—has provoked widespread concern among foreign business chambers, embassies, and foreign investors.

David Lyman, Chairman and Chief Values Officer at Tilleke & Gibbins, was interviewed by the Bangkok Post  newspaper for his views on the proposed change, and his remarks were included in an online article titled: “Foreign Firms Fear Tighter Restrictions.”

David said that if the proposal was adopted, there would be dire consequences for Thailand’s foreign investment environment and the economy in general. “The stated policy of the government is to rebuild confidence in the country and to expand Thailand’s reach and GDP, not to contract them, which would indeed happen,” David said.

The Bangkok Post  is a widely-circulated newspaper based in Bangkok, Thailand. If you would like to read the full article, please visit the Bangkok Post website.

RELATED PROFESSIONAL

Location

RELATED INSIGHTS​ 

May 21, 2020
On May 21, Chaiwat Keratisuthisathorn, counsel in Tilleke & Gibbins’ corporate and commercial group, will join a webinar entitled “Liabilities and Risks for Leaders When Dealing with a Pandemic Crisis.” The highly-anticipated webinar, hosted jointly by Tilleke & Gibbins and Marsh, is designed to assist leaders of Thai companies who may be inadvertently exposed to additional risks and liabilities while navigating the complex challenges presented by COVID-19.
Read More
May 18, 2020
On May 14, Noppramart Thammateeradaycho, counsel in Tilleke & Gibbins’ dispute resolution practice, will present on the issue of COVID-19 as force majeure from the perspective of contractual performance. Titled “The Impact of COVID-19 as Force Majeure on Commercial Contracts,” the presentation will be the sixth installment of the ongoing COVID-19 webinar series organized jointly by Tilleke & Gibbins and the Thai Listed Companies Association (TLCA).
Read More
May 18, 2020
On May 15, 2020, Peeyakorn Suparugbundit, an attorney-at-law in Tilleke & Gibbins’ intellectual property group, will lead a webinar on the management and protection of patents in Thailand. The webinar will be presented by the National Innovation Agency (NIA) as part of their NIA Academy initiative, which aims to give entrepreneurs, startups, and innovators a platform to learn about tools and techniques for achieving success in their Thai ventures.
Read More