April 19, 2011

Implications of Foreign Business Act Amendments

Bangkok Post, Corporate Counsellor Column

On January 9, 2007, the incumbent Cabinet appointed by the Council for National Security approved a bill to amend the Foreign Business Act 1999. The most significant issue was an amendment of the definition of “alien” to also include companies in which foreigners have the majority vote regardless of their ownership in the companies. This article discusses the details of the pending bill.

AUTHORS
Lui.R.jpg
Piyanuj (Lui) Ratprasatporn
Partner and Director, Corporate & Commercial
Thailand

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