April 29, 2011

Marital Assets and Debts under Thai Law

Bangkok Post, Corporate Counsellor Column

In Thailand, marital property is referred to as Sin Somros. Section 1474 of the Civil and Commercial Code provides that Sin Somros consists of: (1) earnings and most other property acquired during marriage; (2) property acquired during marriage through a will or gift made in writing if it is declared by such will or document of gift to be Sin Somros; and (3) fruits of Sin Suan Tua (non-marital assets). This article examines the division of marital assets and debts under Thai law.