Escrow accounts in Thailand are financial arrangements used to secure transactions between two parties by involving a neutral third party—the escrow agent—who holds funds or assets until specific contractual conditions are met. In Thailand, escrow accounts have become increasingly popular in real estate, mergers, and other high-stakes business deals to enhance security and transparency. 1. […]
Child adoption in Thailand is a structured process governed by the Child Adoption Act and overseen by the Department of Children and Youth (DCY) within the Ministry of Social Development and Human Security. The adoption process is available to both Thai and foreign nationals, though foreign applicants must meet additional requirements due to international regulations. […]
A Foreign Business License (FBL) is necessary for foreign companies and individuals to legally operate in restricted sectors under the Foreign Business Act (FBA) in Thailand. The FBA regulates foreign participation in certain industries to protect domestic businesses, limiting foreign ownership to 49% in various sectors unless an FBL is granted. The process for obtaining […]
Intellectual property (IP) is a vital aspect of modern business and innovation, encompassing creations of the mind such as inventions, literary and artistic works, symbols, names, and images used in commerce. In Thailand, the legal framework for protecting intellectual property is robust and designed to align with international standards. This guide provides an overview of […]
The legal system in Thailand, like in many other countries, is divided into civil and criminal branches. Each branch addresses different types of legal issues and follows distinct procedures. Understanding the nuances of civil and criminal cases is essential for individuals and businesses to navigate the Thai legal system effectively. This guide provides a comprehensive […]
Labor disputes are a common occurrence in any workplace, and Thailand is no exception. These disputes can arise from various issues such as wage disagreements, working conditions, unfair dismissal, and breaches of employment contracts. Understanding the legal framework and resolution mechanisms available for labor disputes in Thailand is essential for both employers and employees to […]
Trade disputes are inevitable in the dynamic landscape of international and domestic commerce. In Thailand, a robust legal framework and multiple resolution mechanisms exist to handle such disputes, ensuring that businesses can continue operating smoothly while protecting their rights and interests. Understanding the intricacies of trade dispute resolution in Thailand is crucial for both local […]