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April 19, 2011

State Procurement Challenges

Bangkok Post, Corporate Counsellor Column

When governments contract for products and services, they enter into what is commonly known as “procurement” contracts. Normally, regulations are enacted to ensure that such contracts are entered into fairly and transparently, and indeed Thailand has such a procurement law. As these are contracts with governments, the question will arise as to what can be expected when there is a change of government. How can companies best deal with changes in government and what effects can such changes have on procurement contracts? This article explores the situation.

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John Fotiadis