Successive Thai governments have consistently emphasized the importance of improving Thailand’s standing as a foreign direct investment (FDI) destination, due to its significant impact on economic growth and stability, and a host of other beneficial factors. These ongoing efforts have seen great success in luring investors, due in part to consistent improvements to Thailand’s increasingly attractive and modern legal framework, manageable costs, and an ideal geographic location.
This consistent growth in FDI, and the presence of foreign investment projects has resulted, have been accompanied by a range of new legal and regulatory considerations in the anti-corruption sphere for Thai and international operators alike.
Michael Ramirez, a senior member of Tilleke & Gibbins’ dispute resolution team, addresses these considerations, and the broader context in which they sit, in the Thailand chapter of The Asia-Pacific Investigations Review 2019 , a guide to the important issues in internal and government investigations across the Asia-Pacific, published by Global Investigations Review.
The Thailand chapter of the guide covers corruption, international law and extraterritorial effect, enforcement of bribery laws, whistleblowing, and the impact overseas anti-corruption laws may have on the country. The chapter is available to download in full below.