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

May 12, 2011

The Report: Thailand 2011 – More Prudent Practice

Oxford Business Group

No country is immune to corruption. Corruption and other illicit activities thrive in Thailand today as they have throughout this nation’s long history. According to Transparency International’s latest survey, the level of corruption in Thailand is no worse than it is in many countries. Is it liked? No. Accepted? Yes, but as a repugnant fact of life. Why? Because most people can do little about curbing it so they learn to live with it. Is the government promoting anti-corruption? Lip service, yes. Concrete steps? Very slow, so the jury is still out. Are Thais less moral or ethical than other nationalities? No. With perhaps a few exceptions in the political arena and within the circles of the powerful, they know that corruption is reprehensible.

RELATED INSIGHTS​ 

October 31, 2018
Foreign direct investment (FDI) has become increasingly more attractive in Cambodia for the better half of a decade due to consistent, robust growth rates, increased purchasing power of the population, and diversification of the economy. In addition, the Cambodian government has been steadfast in maintaining an open market for investment, and has put forth great effort in expanding the tax regime and implementing reforms to encourage corporate compliance.
August 25, 2018
On August 3, 2018, Myanmar’s Directorate of Investment and Company Administration (DICA) issued an announcement enacting an anti-corruption code of ethics intended to prevent corruption in both public and private transactions.The code of ethics prohibits all companies and bodies corporates incorporated under the Myanmar Companies Law (2017) from engaging in the following activities in the course of their business:
August 20, 2018
A new anti-corruption law has come into effect in Thailand. Formally named the Act Supplementing the Constitution Relating to the Prevention and Suppression of Corruption B.E. 2561 (2018) (the “New Anti-Corruption Law”), it repeals and replaces the 1999 Organic Act on Counter Corruption and its various amendments (the “Old OACC”).
April 12, 2018
The latest edition of Practical Law Company’s Doing Business in … Global Guide includes a chapter on Vietnam written by lawyers from Tilleke & Gibbins’ Ho Chi Minh City and Hanoi offices. The popular guide, produced in association with Lex Mundi, the world’s largest network of independent law firms, provides the ins and outs of establishing and operating a business in more than 50 jurisdictions worldwide.The Vietnam chapter covers the following main topics: