Legal Section - Doing Business
You will find here a series of summaries providing an overview of useful legal regulations, processes and legal issues for Doing Business in Thailand.
Changes in the law regarding business combinations
Several changes in the Civil and Commercial Code (“the CCC”) became effective on 7 February 2023. These include minimum requirements for promoters and shareholders for incorporating a limited company, as well as changes in business combinations for limited companies in Thailand.
Criteria and procedures for breaches of personal data
The Personal Data Protection Committee (“the PDPC”) recently issued a Notification on the Criteria and Procedures for Personal Data Breaches (“the Notification”) under Sections 16(4) and 37(4) of the Personal Data Protection Act, 2019 (“the PDPA”)
Amendments to provisions of the Civil and Commercial Code related to limited companies
On 8 November 2022, amended provisions of the Civil and Commercial Code (“CCC”) were published in the Royal Gazette, to be effective on 7 February 2023. The key amendments related to limited companies are as follows:
New method of calculating interest on the hire-purchase of car or motorcycle
The Committee on Contracts of the Office of the Consumer Protection Board recently issued a new notification regarding hire-purchase contracts for cars or motorcycles, effective on 10 January 2023.
Overtime work
Overtime work is where an employer occasionally would like an employee to continue working after normal work hours or to work more hours than normal on workdays or holidays, which an employee can agree to do. The employer must order the employee to work overtime in accordance with an agreement to do so which has been made in advance. The length of time to be worked overtime must be clearly defined.