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Under the amended CCC Section 7, the statutory interest rate drops from 7.5% to 3% per annum.
Tilleke & Gibbins
The Bank of Thailand (BOT) has issued a new notification to sustainably address Thailand's household debt problems by establishing responsible and fair lending requirements...
Tilleke & Gibbins
Typically, a private limited company will be established for the sole purpose of carrying out a specific project, and the ownership structure...
Tilleke & Gibbins
Apart from the general tax regime (which can include income tax, value-added tax (VAT), stamp duty and import duties), an aircraft or engine sales agreement is not subject to a specific tax or stamp duty.
Tilleke & Gibbins
The Bank of Thailand has issued new notifications amending regulations for payment businesses that fall under the Payment Systems Act B.E. 2560 (2017) to promote transparency and good governance in the payment industry.
Tilleke & Gibbins
The Contract Committee of Thailand's Consumer Protection Board has issued new requirements and prohibitions for consumer loan agreements. The Notification of the Contract Committee...
Tilleke & Gibbins
The rapidly growing middle class in Southeast Asia is bringing with it increased household wealth, increased consumption, and increased investment. As a result, the commercial banking sector...
Tilleke & Gibbins
The Bank of Thailand (BOT) and the Fiscal Policy Office have drafted a royal decree that will regulate the hire purchase and leasing of cars and motorcycles under the Financial Institution Business Act B.E. 2551 (2008).
Tilleke & Gibbins
Vietnam's current Law on E-Transactions was passed in 2005 and has been effective since March 1, 2006. This law is considered a framework law, developed based on the Model Law on E-Commerce of the
Tilleke & Gibbins
On July 15, 2022, the Central Bank of Myanmar (CBM) issued Letter No. FE-1/754 instructing banks with authorized dealer (AD) status to inform the CBM of the balances in foreign-currency accounts belonging to Myanmar companies with up to 35% foreign ownership.
Herbert Smith Freehills
The High Court has held that a defendant bank was entitled to maintain privilege over certain documents even though the claimant companies had obtained copies of the documents...
Tilleke & Gibbins
On November 23, 2021, Thailand's cabinet approved in principle the amended Ministerial Regulation No. 13 issued under the Exchange Control Act, B.E. 2485 (1942), as amended (ECA).
Tilleke & Gibbins
In September 2021, the Bank of Thailand (BOT) issued its Guidelines on Data Governance to provide financial institutions with recommendations on how to ensure that their data governance will be in compliance with accepted international principles.
Tilleke & Gibbins
The guide provides in-depth details on the legal regimes affecting all aspects of aircraft sale and purchase, aircraft and engine leasing, and aircraft debt finance, including sale and lease agreement terms; taxation; ...
Tilleke & Gibbins
Thailand has made significant changes to its statutory interest rate framework for the first time in almost a century.
Tilleke & Gibbins
With technological advancements, business operators are able to access more varieties of data than ever before, and are able to use that data to assess the terms on which loans are provided.
Tilleke & Gibbins
On March 3, 2021, two new types of license became available to operators of securities businesses in Thailand, following the enactment of an amendment to the ministerial regulation...
Tilleke & Gibbins
On January 26, 2021, the Thai government passed a resolution to reduce the government fees that are generally collected for the registration of a sale and mortgage of immovable property.
Tilleke & Gibbins
The Bank of Thailand (BOT) has amended foreign exchange (FX) controls, as part of its roadmap toward a "new Thai FX ecosystem," to further relax limitations and restrictions on outbound
Tilleke & Gibbins
On May 8, 2020, the Lao Ministry of Justice published the Decree on Consumer Protection regarding Financial Services No. 225/GOV, dated April 6, 2020, in its online Official Gazette
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