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Legal Updates: Extending the Enforcement Period for Another 3 Years to Modify the Non-Qualifying Building for Hotel Business
News - 2021-09-09

Legal Updates: Extending the Enforcement Period for Another 3 Years to Modify the Non-Qualifying Building for Hotel Business

On 6 August 2021, the Ministerial Regulations Prescribing Qualifications of Other Types of Building Used in Hotel Business Operation (No.3) B.E. 2564 (2021), issued by the Ministry of Interior, was announced in the Royal Thai Government Gazette in order to extend the period for the buildings which does not meet the requirement for obtaining a Hotel License but provides accommodation service on a short-term basis, which basically deemed to be illegal “hotel” business, to modify the building properly and to legally obtain a license to change the purpose of such building used as a hotel.

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Legal Updates: Enforcement of the Prohibited Importation of Used Motorcycles into the Kingdom
News - 2021-08-20

Legal Updates: Enforcement of the Prohibited Importation of Used Motorcycles into the Kingdom

To tackle the increase of air pollution, traffic safety, and illegally disassembly of motorcycles to sell the spare parts in which cannot be fully taxed by the Thai government, thus, the Cabinet has approved the drafting of the basic principle on 25 May 2021, that will eventually become the Notification of Ministry of Commerce Regarding Prescription of Used Motorcycles as Goods Prohibited to be Imported into the Kingdom B.E. 2564 (2021) (“Notification”). Under which, the Notification was promulgated on 11 August 2021 by the Mistry of Commerce.

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Compensation Schemes for Social Security Assistance
News - 2021-08-10

Compensation Schemes for Social Security Assistance

The cabinet of ministers has approved the compensation scheme for the secured employer and employee according to Section 33 on July 20, 2021. The Social Security Office (“SSO”) has been allocated this compensation as part of the Royal Decree that authorizes the Ministry of Finance to lend capital to solve a problem, alleviate, and regenerate the economy and society that has been affected by the COVID-19 pandemic.  

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Amendment to Public Limited Companies Act B.E. 2535 (1992) and Introduction of Operational Efficiency
News - 2021-07-13

Amendment to Public Limited Companies Act B.E. 2535 (1992) and Introduction of Operational Efficiency

In the light of this digital era, the Cabinet of Ministers passed a resolution on May 11, 2021, to adopt the new Public Company Limited Act ("Drafted Legislation")  in order to modernize the corporate processes and provide operational convenience to the public limited companies under the Public Limited Companies Act B.E. 2535 (1992) ("Act") by introducing electronic arrangements for relevant procedures and eliminating outdated and inefficient requirements thereunder.

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News - 2021-07-02

Not all audits have to be long and painful

The general perception with annual audits throughout the world is they are a necessary evil. Companies are required to have an audit, but they find the whole process a lot of effort and cost for very little benefit.

PKF Thailand auditors are different. They traditionally have provided their client's additional level of service. The PKF Thailand audit team ....

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News - 2021-06-08

Legal Updates: Another One-Year Postponement of PDPA

Since the postponement affords additional time for all sectors in Thailand to adapt and customize their operation for PDPA compliance, this Royal Decree is a blessing in disguise. By next year, most sectors’ operations, if not all, should be in full compliance with PDPA; this will only be beneficial for all parties involved because PDPA offers comfort to all data subjects that their personal data will be handled with due care and transparency. In another light, PDPA enforcement will usher in a new regulatory era of data transactions in Thailand, which is necessary, given how much data is being used in the current business paradigm of the global Big Data trend

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News - 2021-05-11

Legal Updates: A Way Out for the Real Estate, Industry?

The government is looking to amend the current real estate law to pave the way for more foreign investment in Thailand in order to stimulate the economy during the pandemic. This legal amendment promises more freedom for foreign acquisition of condominiums, houses, and lands in Thailand.

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News - 2021-04-30

DBD’s Recent Announcement to Address AGM

Organizing a meeting in public spaces during the COVID-19 pandemic is a difficult thing to do and it has become near-impossible with the recent third-wave outbreak. Through its official announcement as dated 26 April 2021 (“DBD Announcement”), the Department of Business Development (DBD) responded to this change of event by allowing postponement of juristic persons’ meetings as well as providing an alternative e-meeting arrangement,

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News - 2021-04-19

AGM 2021

A limited company must hold the Annual General Meeting (AGM) within 4 months of the fiscal year end.

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