Thailand’s Office of Insurance Commission (OIC) has issued new notifications concerning the criteria, procedures, and conditions for (1) offering insurance policies for sale through electronic channels, (2) using electronic means as part of the sale of policies, (3) issuing policies through electronic channels, and (4) paying compensation for claims through electronic channels (Notifications). The Notifications will come into effect on August 26, 2017 (180 days after publication in the Government Gazette).

Fraud poses a major problem not only for its victims, but also for the economy as a whole. Today we are seeing more and more cases of large-scale and serious acts of fraud in the headlines. Indeed, with the rapid communications and transactions that take place around the world every day, fraudulent statements, asset misappropriation, white-collar crime, Ponzi schemes, and corruption can occur at any time in any jurisdiction.

Under Thailand 4.0, renewable energy is a key priority for innovation. Cognizant that dependence on imported fossil fuels is not only economically and ecologically unsustainable, but also exposes the country to the unpredictability of global commodity markets, the Thai government embarked on a power development plan in May 2015 (PDP 2015).

The National Office of Intellectual Property (NOIP) of Vietnam will begin accepting Patent Prosecution Highway (PPH) requests again on April 3, 2017.As reported last year, the NOIP signed a PPH agreement with the Japanese Patent Office to provide a new avenue for accelerated patent examination in Vietnam. The pilot program is scheduled to last for three years, from April 1, 2016, until March 31, 2019, and is limited to 100 PPH requests per year.

Getting the Deal Through – Arbitration 2017, published by Law Business Research, provides an in-depth insight into arbitration law in more than 50 jurisdictions worldwide. Kornkieat Chunhakasikarn, attorney-at-law, and John Frangos, consultant, in Tilleke & Gibbins’ dispute resolution group, coauthored the Thailand chapter of the guide, which covers the following topics:

For some years now, the Thai government has had a policy of promoting social enterprises to improve the quality of life of the Thai people and enable the private sector to work with the government to help communities and societies.Tax Exemption for Social EnterprisesIn order to help promote the activities of social enterprises, the Royal Decree on Tax Exemption (No. 621) B.E. 2559 was passed in 2016. To fall within the Royal Decree’s definition of a “social enterprise,” a company or juristic partnership must:

Since the beginning of this year, the Securities and Exchange Commission (SEC) has been actively reforming its regulations in response to the changing landscape and development of the country’s capital market.

When deciding how much to invest in their intellectual property rights, product manufacturers often ask, “What is a patent worth?” This is a reasonable question, given the costs required to obtain patent protection. But manufacturers need to understand that unless a product with high value and risk of being imitated is patent-protected, the product owner could lose potential profits by not possessing exclusive rights to the product.