business Archives - Page 2 of 4 - Formichella & Sritawat

Director Certifications and the Limits of “I Don’t Know”: How Thai Courts Evaluate Responsibility in Corporate Disputes

M.L. Numlapyos Sritawat 17 March, 2026

Routine Signatures and Litigation Risk In corporate disputes before Thai courts, directors frequently justify problematic transactions or inaccurate filings on the basis of ignorance. Within the organization, that explanation may appear plausible. Corporate documentation is often drafted by accountants, legal

Control Without Shareholding: How Thai Courts Infer Control in Company Disputes

M.L. Numlapyos Sritawat 11 March, 2026

Shareholding is a Starting Point, not a Conclusion In disputes concerning the governance of a Thai company, the parties typically commence by examining the share register. This approach is understandable because the register indicates legal ownership, demonstrates the formal allocation

Thailand Intensifies Crackdown on Nominee Shareholders

Dr. Paul Crosio 10 March, 2026

A nominee shareholder arrangement occurs when a Thai national holds shares in a company on behalf of a foreigner in order to circumvent foreign ownership restrictions under the Foreign Business Act. Such arrangements are illegal under Sections 36 and 37 of the Act and can result in criminal penalties for both the Thai nominee and the foreign beneficiary. … Read More

Thailand Digital Platform Regulation 2025: Draft PEA, CCA, Lèse-Majesté and Compliance Obligations

M.L. Numlapyos Sritawat 15 December, 2025

I. Introduction: Thailand’s Regulatory Crossroads Thailand’s digital regulatory model is undergoing a structural realignment. For most of the past two decades, online enforcement rested primarily on the Computer Crime Act (CCA), criminal defamation, and traditional Criminal Code provisions. These regimes

The Evolution of Thailand’s Business Rehabilitation Framework

Dr. Paul Crosio 31 October, 2025

Thailand’s business rehabilitation regime under the Bankruptcy Act B.E. 2483 (1940) continues to serve as a vital legal mechanism for companies facing financial distress. The cornerstone of this process is the court’s meticulous assessment of whether a debtor possesses a

A New Era for Innovation: Understanding Thailand’s Draft Startup Promotion and Development Act

Dr. Paul Crosio 22 October, 2025

Thailand is positioning itself at the forefront of Southeast Asia’s innovation economy with the introduction of the Draft Startup Promotion and Development Act. This proposed legislation represents a strategic governmental initiative designed to systematically address the legal and operational challenges

Navigating Thailand’s Specialized Courts: Essential Insights on Access, Procedures, Costs, and Eligibility

M.L. Numlapyos Sritawat 21 October, 2025

In today’s interconnected business world, Thailand’s specialized courts act as focused and efficient venues for resolving disputes in areas such as intellectual property, taxation, bankruptcy, and technology-related violations. As of September 30, 2025, these courts and divisions continue to adapt

Payment Processing Licenses in Thailand: Updated 2025 Overview

John Formichella 15 October, 2025

Payment processors and gateways are essential to Thailand’s digital economy, but operating one is highly regulated. The legal framework is based on the Payment Systems Act B.E. 2560 (2017), supported by a series of Bank of Thailand (BOT) notifications and

Thailand’s Upcoming E-Commerce Platform Regulations: What Operators Need to Prepare for

Naytiwut Jamallsawat 10 October, 2025

Key takeaways for platform operators: Thailand’s competition regulator is moving to formalize conduct standards for large digital platforms, with increased scrutiny of self-preferencing, tying, parity clauses, data use, and discriminatory ranking. The move aligns with global trends led by the

Thailand’s New Website Security Standards 2025: Implications for Compliance Under the Cybersecurity Act

John Formichella 9 October, 2025

Thailand has strengthened its national cybersecurity framework with the implementation of a Website Security Standard. The standard was officially released on September 16, 2025, and takes effect on the same day. Issued under the Cybersecurity Act B.E. 2562 (2019), this