Getting the Deal Through – Real Estate 2015, a guide to real estate in 25 jurisdictions around the world, has been published. The Thailand chapter of the guide, coauthored by Cynthia M. Pornavalai and Ahmet Yesilkaya, partner and consultant in Tilleke & Gibbins’ corporate and commercial group, provides a comprehensive overview of real estate ownership and investment in Thailand. In particular, the chapter covers the following subjects:
- General: Thailand’s legal system, land records, registration and recording, foreign owners and tenants, exchange controls, legal liability, protection against liability, choice of law in multijurisdictional matters, court jurisdiction, commercial versus residential property, planning and land use, government appropriation of real estate, forfeiture, and bankruptcy and tenancy
- Investment vehicles: Investment entities, foreign investors, and organizational formalities
- Acquisitions and leases: Ownership and occupancy, pre-contract, contract of sale, environmental clean-up, lease covenants and representation, leases and real estate security instruments, delivery of security deposits, due diligence, structural and environmental reviews, review of leases, other types of agreements, closing preparations, closing formalities, contract breach, and breach of lease terms
- Financing: Secured lending, leasehold financing, form of security, valuation, legal requirements, loan interest rates, loan default and enforcement, loan deficiency claims, protection of collateral, recourse, cash management and reserves, credit enhancements, loan covenants, financial covenants, secured moveable property, and single purpose entities
Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through: Real Estate 2015 (published in November 2014; contributing editor: Joseph Philip Forte, DLA Piper LLP (US)). For further information please visit www.gettingthedealthrough.com.