When an employee causes damage to a company, Thai employers often resort to deducting wages, holiday pay, or overtime payments as a penalty or restitution. Before doing so, the employer should know when it is permissible to do so under Thai law, and the risks they are taking by making improper deductions.

Lex Mundi, the world’s largest law firm network, recently released its Global Arbitration Guide —a detailed interactive guide to arbitral institutions in 45 jurisdictions worldwide, provided by Lex Mundi member firms in each country. Jurisdictions are separated into individual reports that cover everything from structure and organization to procedures and regulations, registration fees to processes around arbitral awards, and everything in between; allowing readers to compare and contrast arbitral institutions across jurisdictions efficiently and effectively.

The Vietnam chapter of Media, Advertising, and Entertainment Law Throughout the World 2018, written by attorneys from Tilleke & Gibbins, provides insight into the relevant laws and regulations across these industries in Vietnam:

Tilleke & Gibbins has provided its annual contribution of the Thailand and Vietnam chapters for Multilaw’s Media, Advertising, and Entertainment Law Throughout the World 2018  guide, a publication that offers insight on media, advertising, entertainment, and art law across more than 30 countries worldwide.The Thailand chapter of the guide, written by Suebsiri Taweepon and Alec Wheatley, covers:

Vietnam experienced a continued growth trend in foreign direct investment in 2017 with foreign investment inflows reaching an incredible US$35.6 billion—registering yet another record level. When compared to the record level produced in the 2016 fiscal year, the increase comes out to an astonishing 44.4%. The Economist  hypothesizes that Vietnam is holding the key to continual, exponential growth, similar to South Korea, China, and Taiwan before it.

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.

The National League for Democracy government has brought remarkable reforms to Myanmar’s legal, social, and economic commitments over the past year. The government has specifically focused on the liberalization of the market and the promotion of foreign direct investment—highlighted by the Myanmar Investment Law (2016) in October 2016, and the new Myanmar Companies Law (2017) in December 2017.