April 7, 2015
When the Thai government enacted the Private Investments in State Undertakings Act B.E. 2556 (2013) (PISUA)—a new law regulating public-private partnerships (PPPs) that was designed to streamline and clarify the PPP process and thereby boost private investment, especially in the infrastructure sector—measures were introduced to increase the effectiveness and transparency of the PPP process, something previously unseen in PISUA’s predecessor, the Private Participation in State Undertakings Act B.E. 2535 (1992) (PPSUA).