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

Subscribe to Updates
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.

Download Full Article
Related Professionals

Practices

Compliance and Investigations

Location

RELATED INSIGHTS​ 

August 6, 2015
The second edition of Corporate Governance  has been published as part of the European Lawyer Reference series. The guide is presented in a Q&A-style format, providing detailed overviews of corporate governance in 32 jurisdictions worldwide. Kasma Visitkitjakarn, consultant, and Napat Siri-armart, attorney-at-law, in Tilleke & Gibbins corporate and commercial department, coauthored the Thailand chapter of the guide. The Thailand chapter covers the following topics in detail:
Read More
June 26, 2015
In Franz Kafka’s novel The Castle, the protagonist tries in vain to get in touch with a mysterious group of administrators who run a small village from a castle. The character is challenged to learn the constantly changing ways and customs of the castle’s imposing bureaucracy.
Read More
March 9, 2015
Companies and individuals that admit to violating the U.S. Foreign Corrupt Practices Act (FCPA) for acts committed in Thailand risk criminal prosecution in Thai courts. When defendants in FCPA cases seek negotiated resolutions to their charges in the United States, they generally enter into guilty pleas, deferred prosecution deals, or non-prosecution agreements. By doing so, defendants formally admit to a set of facts and illegal conduct.
Read More
January 7, 2015
Tilleke & Gibbins, in association with Lex Mundi, has published the latest edition of the Guide to Doing Business in Thailand. The guide provides a comprehensive overview of the legal and business environment for investors entering the Thai market. In particular, it covers topics such as the current political climate, investment incentives, financial facilities, exchange controls, import and export regulations, establishing and operating a business, labor and employment, tax, and immigration requirements.
Read More