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Business & Corporate Law
One of the most effective ways of holding negligent parties accountable is by filing a Class-Action Lawsuit. It involves a large number of people however, may take a little more time. So why is it preferred? – Simple, it is much easier to get compensated for any issue using a class action Phuket suit, than...
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Buying a business is quite risky, especially if you don’t take precautionary measures. Why so? Let’s put this into perspective; when you buy a tangible asset such as a car or one of the beautiful pieces of real estate in Phuket, you can easily inspect the property (or hire a professional) to determine the value...
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Intellectual property laws are very crucial for businessmen. if you are looking to create an organization within the kingdom of Thailand, then it pays to read about Thailand’s intellectual property laws and guidelines. It’s a very complicated topic, however, and may span several articles. For starters, however, allow us to provide some brief and fundamental...
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What is Force Majeure? It is a French term directly translating to ‘greater force’. Thailand’s Civil and Commercial Code defines it as “an event or pernicious result that could not be prevented despite efforts by the affected person to take appropriate care as may be expected from them in such a situation”. In matters law,...
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For a purchase of any kind, say, buying something online, one tends to do thorough research on the product. This entails checking for anything about the product that would make one not buy it at all. This in itself is basic form of due diligence performed before the purchase of that particular item. By definition, due diligence...
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Depending on the market or industry sector that you are operating in, Intellectual Property can actually be the most important and most valuable thing that the firm, or an individual owns. Now more than ever, IP ranks above physical assets. It comprises anything ranging from patents to just insider employee information. Think of it as...
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It’s critical to recognise what the coverage of intellectual property is for you’ll know which security you’ll need to join when you’re doing business in Thailand. Now, there are 3 sorts of intellectual properties that you may sign up in Thailand, and these are: marks, patents and copyrights. TradeMarks First thing is the mark. Now,...
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Value Added Tax or VAT is an evaluation tax which applies to all wholesalers, manufacturers, producers, importers, shops and other entities offering direct services until exempted underneath the revenue Code. All corporations not included by the revenue Code exemption need to sign up and adopt the VAT system. Following are distinctive as exempted from VAT....
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As in any country worldwide international, the government of Thailand has established terms and conditions protecting the interests of both the company and the employee. Thailand’s labor protection Act 2541 (1998) of the department of labor protection and Welfare defines the rights of employees and the responsibilities of employers. underneath the provisions of the Act...
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Without a work permit, foreigners are not allowed to work even if they have got different types of visa. the following procedures need to be followed in applying for a Thai work permit or visa: The foreign worker should acquire a nonimmigrant visa or a resident visa before entering Thailand. this is required to be able to apply for a work permit. With a non-immigrant B visa, the overseas worker may begin to process the work permit. work permit application processing is carried out at the office of the Ministry of labor. the standard processing takes 7 business days, once in a while more. The overseas worker applying for a work permit need to have an available organization who will provide the files required for processing. The foreign employee need to also have a position or...
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