A recent notification of Thailand’s Capital Market Supervisory Board (CMSB) has extended the scope of previously granted relief measures for securities-issuing companies by relaxing the requirement to hold the Annual General Meeting (AGM) of the shareholders before submission of audited financial statements to the Office of the Securities and Exchange Commission (SEC). One of the main purposes of the AGM is to formally appoint an auditor to audit the financial statements.

Lawyers from Tilleke & Gibbins have contributed to the new online edition of Digital Business in Thailand: Overview, a Q&A-style guide from Thomson Reuters Practical Law that provides detailed answers on the regulatory environment surrounding the activities of online businesses and electronic business activities. The Thailand overview, which is one of 37 such guides to jurisdictions worldwide, discusses the following main issues:

The popularity of the franchise business model has been growing rapidly in mainland Southeast Asia in recent years, with some of the world’s top brands becoming common sights in the commercial districts and shopping malls of major regional cities in Cambodia, Laos, Myanmar, Thailand, and Vietnam.

In June 2020, Thailand’s cabinet approved two sets of amendments to the Civil and Commercial Code (CCC) to update corporate governance and transactional rules and simplify the process of setting up and conducting businesses in Thailand. The draft amendments will be sent for parliamentary approval before being officially promulgated in the Government Gazette.First Set of Amendments