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 17, 2012

Business Report Thailand: David Lyman and Michael Ramirez Discuss Corruption

Subscribe to Updates
Business Report Thailand

Transparency International’s annual corruption perceptions index ranks Thailand 80th out of 182 countries for its perceived level of public-sector corruption. In its January 2012 issue, Business Report Thailand discussed the corruption challenges that Thailand faces with David Lyman, Chairman and Chief Values Officer, and Michael Ramirez, Consultant, of Tilleke & Gibbins.

Michael said that systemic change—from the education system upward—would be required to see a meaningful decline in the level of corrupt activity in Thailand. But compared to some of its neighbors, such as Cambodia and Laos, Michael feels that Thailand remains a viable place for foreign investors to do business while maintaining compliance with the U.S. Foreign Corruption Practices Act.

David concurred, offering a very pragmatic view: “Corruption is here to stay to one extent or another. The trick is to harness it and keep it within reason.”

Download Full Article
RELATED PROFESSIONALS

Practices

Compliance and Investigations

Location

RELATED INSIGHTS​ 

October 13, 2015
Thailand’s Organic Act on Counter-Corruption was recently amended to impose strict liability on companies for corrupt acts committed by a company’s “associated persons,” unless there are “adequate procedures” in place to prevent such corruption. In addition, the amendments criminalize corruption that involves “foreign officials” and impose the death penalty on foreign officials that engage in corrupt activities.
Read More
October 5, 2015
Tilleke & Gibbins has been shortlisted in four categories in the Euromoney Legal Media Group Asia Women in Business Law Awards 2015. The awards recognize leading individuals in practice area categories and firms with the best initiatives for gender diversity, innovation, work-life balance, pro-bono work, and talent management. The winners will be announced at an awards ceremony at the JW Marriott in Hong Kong on November 11.This year, Tilleke & Gibbins has been nominated to win awards in the following three firmwide categories:
Read More
August 19, 2015
Thailand’s government has made anti-corruption a focus of its domestic policy. Two new laws, the Licensing Facilitation Act and the Amendments to the Organic Act on Anti-Corruption, have recently been implemented as part of the government’s objective to promote a corruption-free society. Both of these laws work in very different ways, but they share the similar goals of countering bribery and enhancing transparency.
Read More
August 14, 2015
In recognition of Tilleke & Gibbins’ pro bono practice, our firm has been nominated as “2015 Domestic Law Firm of the Year” at this year’s TrustLaw Awards. Our nomination in this category is based on our “effort and enthusiasm in supporting pro bono clients over the last year.” This is a distinctive nomination, as Tilleke & Gibbins is one of just three firms in the world under consideration for this award.
Read More