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 National Anti-Corruption Commission (NACC), Thailand’s anti-corruption agency, has issued a new resource document called “Guidelines on Appropriate Internal Control Measures for Juristic Persons to Prevent Bribery of State Officials, Foreign Public Officials, and Agents of Public International Organizations” (“guidelines”).

Employees, managers, and the companies they work for sometimes do bad things.   Employees might embezzle money or sell trade secrets to competitors. Executives may authorize a bribe to win a contract, or tacitly approve accounting trickery to make finances appear better than they really are. From stealing petty cash out of a lockbox to multimillion dollar bribery scandals, there are innumerable ways for employees and companies to commit misdeeds.

As part of its membership in Lex Mundi, Tilleke & Gibbins has published an updated edition of its Guide to Doing Business in Thailand for 2019.This guide offers a broad introduction to all of the key factors for starting and operating a business in the Thai market. Issues covered include: