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

July 31, 2018

TFTA Quotes Athistha (Nop) Chitranukroh on New Digital Asset Regulation

Thai FinTech Association

Athistha (Nop) Chitranukroh, partner in Tilleke & Gibbins’ corporate and commercial group and co-head of the firm’s technology practice, recently joined a panel under the topic of “Lawyers and Digital Asset Laws” at the Thai FinTech Association (TFTA) Forum #4: Digital Asset Talks in Bangkok.

During the panel, Athistha was quoted by the TFTA, a technology startup accelerator chaired by Korn Chatikavanij, the former finance minister of Thailand, and comprised of over 100 members from the public and private sectors.

Sharing her insights on the Royal Decree on Digital Asset Businesses, Athistha said, “We have to carefully study the new regulation. Those seeking to conduct initial coin offerings (ICO) in Thailand need to register their business and the process will involve a lot of detailed requirements.”

Athistha added, “When reviewing this royal decree, parties should consider which provisions will affect their activities. An example is if foreign shareholders will be involved in the digital asset business, which is often the case, requiring regulatory approval from different government agencies.”

While Athistha and other legal practitioners joining the panel all advised those seeking to conduct digital asset businesses in Thailand to carefully study the regulatory requirements, they agreed that the new digital asset regulation would provide a more secure business environment for investors and users in Thailand.

If you would like to read the full Thai-language article, please visit the TFTA website.

RELATED INSIGHTS​ 

December 2, 2021
Alan Adcock, partner and deputy director of intellectual property and regulatory affairs, recently joined fellow members of LAN, the Lifesciences Asia-Pacific Network, in a video podcast on digital health and telemedicine in the Asia-Pacific region. In Episode #10 of On the Pulse featuring LAN – Digital Health in Asia-Pacific, Alan (speaking on Thailand and Vietnam) and lawyers from CMS (China), Atsumi & Sakai (Japan), and Yulchon LLC (South Korea), discuss the following issues: a fragmented situation in APAC in terms of government policy and support for digital health initiatives a lack of a clear definition of “digital health” in most jurisdictions, and a mixed regulatory environment, with a need to update the laws in many jurisdictions how to deal with privacy concerns with the use of personal data with digital health technologies how to protect the intellectual property associated with digital health innovation developments in telemedicine in the APAC region and support for remote care and online consultations The video podcast is available to watch online, free of charge, here. An audio-only version is also available here.  
November 19, 2021
On November 18, Charuwan Charoonchitsathian, counsel, and Gvavalin Mahakunkitchareon, associate—both from Tilleke & Gibbins’ corporate and commercial group—represented Tilleke & Gibbins as keynote speakers for a special focus week organized by the Thailand office of Plug and Play Tech Center, the world’s largest early-stage investor, accelerator, and corporate innovation platform. In a session entitled “Embracing Technology: Tech-Focused Legal Developments and Trends in Thailand,” the speakers discussed the latest legal developments applicable to innovations in the tech space in Thailand, including: artificial intelligence (AI), cloud services, and internet of things (IOT); data protection updates from the recent Personal Data Protection Act public hearings; evolving cybersecurity regulations; and anticipated legal developments on the horizon. The session attracted participants from startups and corporate partners in Plug and Play’s local ecosystem in Thailand (including BDMS, CP Group, Krungthai Bank, and PTT, among others).
November 18, 2021
On November 17, Tilleke & Gibbins conducted another joint TMT webinar with Clyde & Co. The event provided a multijurisdictional view in a session titled “Data Privacy and Protection in COVID-19 Times.” Lawyers from Tilleke & Gibbins covered the legal and regulatory environments in Thailand and Vietnam, while lawyers from Clyde & Co spoke on Australia, China, and Singapore. Atthachai Homhuan, director of the regulatory affairs department at Tilleke & Gibbins, explained emergency use authorization of drugs and vaccines in Thailand, as well as data privacy and protection issues related to employers, employees, and vaccinations. Waewpen Piemwichai, a senior associate in Tilleke & Gibbins corporate and commercial group in Hanoi, followed the Thailand session with a look at the evolving pandemic situation in Vietnam and noted how the processing of COVID-19-related data will change when the draft Decree on Personal Data Protection takes effect.
November 15, 2021
Tiziana Sucharitkul, co-managing partner of Tilleke & Gibbins and director of the firm’s dispute resolution department, spoke in two International Bar Association (IBA) webinars on law firm management and strategic direction. Tiziana appeared in her capacity as a member of the IBA Law Firm Management Committee, first in an IBA Global Showcase session on October 28, 2021, and then again at an IBA Officers’ Briefing on November 9. The first event brought together two panels of law firm managing partners from around the world to discuss the matters of greatest concern to the legal industry in a session titled “What is the Future of our Law Firms?” Together, the panelists discussed issued such as the return to physical offices, how best to serve clients, how to encourage and support collaboration among lawyers, and what pricing strategies will look like in the future. This session formed part of the week-long IBA Global Showcase—a global conference sharing knowledge and celebrating successes in law firm policy and practice. In the second session, open only to officers of the IBA, Tiziana was one of three guests interviewed about law firm transitions and strategy. Alongside managing partners from leading firms in India and the USA, Tiziana discussed how established family-run firms can evolve into regional powerhouses, taking examples from her own experience with Tilleke & Gibbins’ regionalization and growth over the past two decades. For more details on the IBA and the 2021 Global Showcase, please visit the IBA website.