Aviation legal specialists from Tilleke & Gibbins’ offices in Vietnam have provided the Vietnam chapter for the Aviation Finance & Leasing 2024 guide from Chambers and Partners. The guide covers important legal issues faced by aircraft lessors, lessees, and financiers in 37 jurisdictions worldwide. In addition to the Vietnam chapter, Tilleke & Gibbins contributed the Thailand chapter to Aviation Finance & Leasing 2024. The Vietnam chapter provides in-depth details on the legal regime affecting all aspects of aircraft sale and purchase, aircraft and engine leasing, and aircraft debt finance, including sale and lease agreement terms; taxation; lease registration and enforcement; lease assignment/novation; insurance and reinsurance; debt structuring; securities; liens; and many other matters that affect the day-to-day operations of leading players in the aviation industry in Vietnam. Chambers and Partners’ Global Practice Guides provide in-house counsel with expert legal commentary focusing on practical legal issues affecting business, enabling readers to compare legislation and relevant procedures across a range of key jurisdictions. The Vietnam chapter of Aviation Finance & Leasing 2024 is available as a PDF through the button below, courtesy of Chambers and Partners. The full guide is accessible for free on the Chambers and Partners website.

Attorneys from the aviation team in Tilleke & Gibbins’ Bangkok office have contributed the Thailand chapter for Aviation Finance & Leasing 2024 from Chambers and Partners. The guide covers the key legal issues affecting aircraft lessors, lessees, and financiers in 37 jurisdictions worldwide. In addition to the Thailand chapter, Tilleke & Gibbins also provided the Vietnam chapter to Aviation Finance & Leasing 2024. The Thailand chapter provides in-depth details on the country’s legal regime affecting all aspects of aircraft sale and purchase, aircraft and engine leasing, and aircraft debt finance, including sale and lease agreement terms; taxation; lease registration and enforcement; lease assignment/novation; insurance and reinsurance; debt structuring; securities; liens; and many other matters that have implications for day-to-day operations in the aviation industry. Chambers and Partners’ Global Practice Guides provide in-house counsel with expert legal commentary focusing on practical legal issues affecting business, enabling readers to compare legislation and relevant procedures across a range of key jurisdictions. The Thailand chapter of Aviation Finance & Leasing 2024 is available as a PDF through the button below, courtesy of Chambers and Partners. The full guide is accessible for free on the Chambers and Partners website.

On August 13, 2024, Thailand’s Personal Data Protection Committee (PDPC) published a notification on the Criteria for Personal Data Deletion, Destruction, and De-identification in the Government Gazette, taking effect on November 11, 2024. Most of the content remains unchanged from the June 2024 draft of the legislation that was released for public comment. Only minor amendments have been made, as outlined below: Data controllers must respond to data subjects’ requests to delete, destroy, or de-identify personal data, including any copies or backups, without delay and within 90 days of receiving the request. This timeframe has been extended from the previous draft, which allowed only 60 days. In deleting, destroying, or de-identifying personal data, the data controller must ensure that no one is able to recover or reverse personal data to enable the direct or indirect identification of the data subject by any means that could reasonably be expected. If the data controller cannot fulfill the request within the 90-day period, it must take measures to ensure that the personal data is made difficult to collect, use, or disclose until the personal data can be deleted, destroyed, or de-identified according to the notification. In such cases, appropriate organizational, technical, and physical measures must be implemented to protect the data, meeting the criteria set forth by the notification. One newly added provision allows data controllers to delete, destroy, or de-identify a data subject’s personal data using a different method than the one requested by the data subject, provided they inform the data subject of the alternative method. However, this is not allowed when the data subject exercises this right on the grounds that the personal data has been unlawfully collected, used or processed, and there are no grounds to reject the request. In relation to the de-identification or anonymization of personal

Thailand’s Securities and Exchange Commission (SEC) amended its utility token supervisory framework by issuing seven notifications that came into effect on August 13, 2024. Ready-to-use utility tokens (tokens that can be used immediately to acquire specific goods or services), which were previously unregulated, are now subject to the supervisory scheme set forth by the seven new notifications in both primary and secondary markets. This is intended to provide an investor protection mechanism that responds to the characteristics, risks, and usage of the different types of ready-to-use utility tokens. Under the new notifications, ready-to-use utility tokens are categorized into two groups. These are detailed below. Group 1 Utility Tokens Group 1 utility tokens include ready-to-use utility tokens issued for consumption purposes or as a digital representation of a certificate. Examples include loyalty points, digital movie or concert tickets, NFTs, and carbon credits, among others. Principally, there is no change in the regulation of group 1 utility tokens under the new notifications. In the primary market, issuance of this type of token is not subject to the initial coin offering (ICO) requirements. In the secondary market, providing services related to group 1 utility tokens is not considered to be the same as operating a digital asset business with licensing requirements under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018). Licensed digital asset operators (including exchanges, brokers, and dealers) are not permitted to list or trade group 1 utility tokens. To provide services in relation to group 1 utility tokens, these licensed digital asset operators must establish a separate entity to provide those services and must not use names or messages that could cause the public to misunderstand that the separate entity is engaged in a digital asset business under SEC supervision. Group 2 Utility Tokens Group 2 utility tokens