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

December 19, 2013

Getting the Deal Through – Real Estate 2014, Thailand Chapter

Subscribe to Updates
Law Business Research

Cynthia M. Pornavalai and Ahmet Yesilkaya, partner and consultant in Tilleke & Gibbins’ corporate and commercial group, have coauthored the Thailand chapter of Getting the Deal Through – Real Estate 2014, a guide to real estate in 28 jurisdictions worldwide. The chapter provides an insight into real estate ownership and investment in Thailand, and it examines foreign investment law in terms of liability, choice of law, and important considerations when investing in Thailand. In particular, the chapter covers the following topics:

  • General: Thailand’s legal system; registration and recording; land records; exchange control; liability; choice of law; jurisdiction; commercial versus residential property; planning; compulsory appropriation; and forfeiture without compensation
  • Investment vehicles: Investment entities; foreign investors; and organizational formalities
  • Acquisitions and leases: Ownership and occupancy; pre-sale; contract of sale; environmental impact; covenants and representation; security instruments; delivery of security deposits; due diligence; reviews; other important agreements and documents; closing preparations and formalities; and breach of contract and lease terms
  • Financing: Secured lending; security interests; valuation; legal requirements; loan interest rates; loan default and enforcement; loan deficiency claims; recourse; cash management and reserves; credit enhancements; loan and financial covenants; bankruptcy and insolvency; secured assets; and single purpose entity

Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through – Real Estate 2014 (published in November 2013; contributing editor: Joseph Philip Forte of DLA Piper LLP). For further information please visit www.GettingTheDealThrough.com.

Download Full Article
Related Professionals

Practices

Real Estate

Location

RELATED INSIGHTS​ 

May 17, 2019
The Factory Act (No. 2) B.E. 2562 (2019) and Factory Act (No. 3) B.E. 2562 (2019) were published in Thailand’s Government Gazette  on April 30, 2019. These will amend the Factory Act B.E. 2535 (1992). The Factory Act (No. 2) will become effective 180 days after publication—that is, on October 27, 2019—while The Factory Act (No. 3) became effective on May 1, 2019. 
Read More
March 15, 2019
Thailand’s new Land and Building Tax Act B.E. 2562 (2019) (the “Act”) came into effect on March 13, 2019. Payment of land and building tax under the new Act will be required from January 1, 2020, onwards.
Read More
February 25, 2019
On February 8, 2019, Thailand’s National Legislative Assembly passed a new draft of the Sap-Ing-Sith  Act, designed to eliminate certain restrictions and limitations for the ordinary lease of immovable property under the Civil and Commercial Code, and the lease of commercial and industrial real estate under the relevant governing laws. The law is expected to encourage the use of rights attached to immovable property which is transferrable and can be used as security/collateral to promote and support Thailand’s economic growth, as well as to boost the property market.
Read More
August 17, 2018
Partner Vinh Quoc Nguyen contributed the Vietnam chapter of Practical Law’s Corporate Real Estate Global Guide 2018, a high-level overview of commercial real estate laws and regulations in 30 jurisdictions worldwide.The Vietnam chapter highlights recent trends in the country’s real estate market, including condominium, office, and retail sectors, and explores common structures and financing sources for real estate investment, as well as limitations faced by foreign investors.
Read More