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​ 

June 16, 2011
Financing in the real estate sector ranges from borrowing money from a bank or shareholders of the real estate entity to issuing bonds to the public. In Vietnam, real estate developers may even mobilize funds from purchasers of an apartment that is under construction for an advanced payment to finance the project. This article discusses the financing provided by Vietnam-based banks to real estate sector businesses in Vietnam.
Read More
May 12, 2011
In response to regular queries received from our multinational clients, David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins, has been providing periodic updates on the ongoing political events in Thailand since 2006. This Viewpoint summarizes and updates several of these reports, while providing observations on the Thai political landscape ahead of the upcoming elections.
Read More
May 12, 2011
The Report: Thailand 2011, published by Oxford Business Group, provides an in-depth analysis of various sectors of the Thai economy. In the legal section of the publication, Tilleke & Gibbins examines the government’s recent push for further liberalization of foreign investment laws. In addition to foreign investment, the article examines forms of business organization, capital markets, property law, labor and employment issues, and intellectual property.
Read More