The first enactment of Thailand’s Interest Overcharging Law, which came into effect in 1932, prohibited any person from loaning money to another person and subsequently charging them interest at a rate that exceeded the rate prescribed by the law.Eighty-five years later, Thailand finally promulgated a new law focused on this topic called “The Act Prohibiting the Collection of Interest at an Excessive Rate B.E. 2560 (2017)” on January 15, 2017. The new law was made effective the following day, repealing the 1932 version.

Franchising experts from Tilleke & Gibbins’ corporate and commercial group have contributed the Vietnam chapter to International Franchising, Second Edition (Release 5, 2016), a guide to franchising law and practice in 34 countries in North and South America, Europe, Asia, and Africa. The chapter provides an overview of the following main subjects:

Sriwan Puapondh, of counsel, and Alan Adcock, partner, of Tilleke & Gibbins have coauthored the Thailand chapter of International Franchising, Second Edition (Release 5, 2016), a guide providing analysis of franchising law and practice in 34 countries worldwide. The chapter covers the following principal subjects:

The Ministry of Labor, Immigration and Population announced on December 1, 2016, that the visa fees for Myanmar have been increased with immediate effect. Aimed at bringing Myanmar’s visa fees in line with those of other countries, the rise affects 11 out of 12 types of visas, except diplomatic visas, which will remain free of charge. Visas should be applied for prior to one’s intended travel dates at the Embassies of Myanmar or at authorized agents.