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

August 18, 2021

Tilleke & Gibbins Lawyers Contribute to Webinar on NFTs under Thai Law

To provide an overview of NFTs and associated legal implications, Tilleke & Gibbins collaborated with True Digital Park to present a Thai-language session offering various Thai legal perspectives on the NFT phenomenon.

During the webinar, Kobkit Thienpreecha, partner and director of the firm’s corporate and commercial group; Nopparat Lalitkomon, senior associate from the same department; and Suebsiri Taweepon, partner in the firm’s intellectual property (IP) department, shared their thoughts on why NFTs are trending, analyzed existing laws applicable to the novel assets, looked at governance concepts, and provided in-depth details on NFT-related IP issues.

Regulators in Thailand—like many across the world—haven’t had sufficient time to consider and implement regulations to govern NFT activity. In the meantime, Thailand’s Securities and Exchange Commission has prohibited NFTs and several other digital assets in the country.

A full video recording of the webinar (in Thai) is available on the Tilleke & Gibbins YouTube channel.

RELATED INSIGHTS​ 

June 2, 2022
Michael Ramirez, a counsel in Tilleke & Gibbins’ dispute resolution group in Bangkok, will provide the Thailand legal outlook at a Thailand Regional Forum meeting to be held at Sasin School of Management on June 9, 2022. The event will be a special relaunch meeting of the Thailand Regional Forum, an initiative established by Dataconsult some 35 years ago. After a hiatus during the COVID-19 pandemic, the forum is restarting with Sasin School of Management as its new home. The Thailand Regional Forum at Sasin plans to hold regular meetings from July onward. The meeting will consist of forecasting panel presentations and roundtable discussions. In addition to Michael’s presentation of the legal outlook for Thailand, other speakers will offer insights into Thailand’s political, risk, economic, and human resources outlook in the coming year. Following the presentations, the speakers and attendees will participate in a roundtable discussions and Q&A to address any questions that came up during the session and to consider various potential scenarios. For more information on the Thailand Regional Forum, which offers memberships on a corporate basis, please see the Dataconsult website.
May 25, 2022
On May 24, 2022, Tilleke & Gibbins was joined by the British Chamber of Commerce Thailand (BCCT) in holding an event entitled “7-Day Countdown: What to Know about Personal Data Protection Act Enforcement” at the Conrad Bangkok hotel. The event aimed to equip the British business community in Thailand with essential knowledge to be fully compliant with the law. During the event,  Nopparat Lalitkomon, senior associate, and Gvavalin Mahakunkitchareon, associate, walked attendees through the following key considerations: Roles and responsibilities of data controllers and data processors; Management of personal data collected prior to the effective date of the PDPA; and Practical advice to avoid potential pitfalls. The event concluded with a networking reception in which participants had an opportunity to connect and discuss further details with the firm’s PDPA experts.
May 9, 2022
On April 20, three attorneys from Tilleke & Gibbins’ corporate and commercial group—Gvavalin Mahakunkitchareon, associate; Nopparat Lalitkomon, senior associate; and Pongpalin Chantrapirom, associate—offered a Thai-language webinar entitled “Personal Data Protection Compliance Preparation.” During the session, the three speakers gave a comprehensive overview of Thailand’s data protection regulatory regime to assist attendees in complying with the Personal Data Protection Act BE 2562 (PDPA), which will come into full effect on June 1, 2022. In particular, the speakers covered the following topics: Key principles of personal data collection; PDPA compliance considerations for insurance companies; Notification of data collection and data processing in accordance with the law; Managing personal data collected prior to the effective date of the PDPA; Penalties for noncompliance with the PDPA; and Comparative case studies involving the EU’s GDPR (General Data Protection Regulation). A recording of the webinar (in Thai) is available on the Tilleke & Gibbins YouTube channel.
May 9, 2022
On April 8, Nopparat Lalitkomon, senior associate in the firm’s corporate and commercial group in Bangkok, took part in a webinar titled “Be Ready for Thai PDPA,” cohosted by Cisco Systems. The virtual event aimed to assist businesses in preparing for enforcement of Thailand’s Personal Data Protection Act (PDPA), which takes full effect on June 1, 2022. In his presentation, which was titled, “Get Ready for PDPA: Timeline, Regulations and What’s to Come,” Nopparat outlined the key principles of the PDPA and its related regulations, and highlighted necessary steps that Thai companies need to take as the deadline draws closer. At the conclusion of the session, He provided attendees with practical advice they can use to help their companies effectively manage their internal system to comply with the PDPA in June.