MEDIA: how to avoid conflict in family-owned businesses

Running a successful family business requires understanding each family member’s needs and concerns; also, collaborating constructively in terms of legal compliance, business possibilities, and family conflict management.

So, how do you work through tensions and keep relationships intact for the long term? How do you resolve family-related conflict and work as a team to ensure fairness and preserve wealth for inheritance? How can you safeguard your estate to avoid family disputes?

Join the discussion with IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul in an episode of the popular evening TV programme Home Economy, hosted by veteran news anchor, reporter and journalist Dr Wit Sittivaekin.

This episode premiered on Monday 10th June 2024 on Thai PBS, Thailand’s public broadcasting service. Disclaimer: all content is owned by Thai PBS. Visit the Thai PBS website here: https://www.thaipbs.or.th/home

IAS Advisory co-host for prestigious “Thailand ADR Week 2024”

As a sponsor of the Thailand Arbitration Center (THAC), IAS Advisory proudly invites all in-house legal counsels, legal advisors, and others to join “Thailand Alternative Dispute Resolution (ADR) Week 2024,” from 18th-20th September 2024.

This year’s event, “Emerging Trends in ADR,” takes place over three days at the Anantara Siam Bangkok Hotel, with sessions focused on the future of dispute resolution through international and regional developments.

Guest speakers include Police Colonel Mr Tawee Sodsong from Thailand’s Ministry of Justice and Prof Dr Mohamed S Abdel Wahab, founding partner and head of international arbitration, construction, and energy at Zulficar & Partners Law Firm (Egypt).

IAS Advisory is honoured to co-host, together with THAC and Watson Farley & Williams, the session “The ASEAN Way: Implications for Disputes along the OBOR (One Belt, One Road)” on Day 2.

Seats are limited, so book now! The early bird registration fee for “Thailand ADR Week 2024” is THB 4,900 until 31st July 2024, after which the cost of registration will increase to THB 6,700. For more information, visit: https://thac.or.th/thailand-adr-week-2024/

Reserve your place here: https://event-booking.thac.or.th/en/event/adrweek2024/s1

Anuwat named “Litigation Star” in Thailand for Commercial & Transactions

Congratulations to co-founding partner Mr Anuwat Ngamprasertkul on his inclusion in the latest edition of Benchmark Litigation, a well-known industry guide to the world’s best litigation firms and lawyers.

Anuwat has been highlighted as a Litigation Star in Thailand for his specialist expertise in Commercial and Transactions.

Benchmark Litigation uses various research methods to analyse and rank legal practitioners, including case evidence (analysing law firm case highlights), client feedback (taking in the views of in-house counsel), and peer review (based on feedback received from law firm partners).

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Siripen joins teams committee at 6th National Mediation Competition

IAS Advisory co-founding partner Ms Siripen Kulworakulpitak was delighted to join the committee for selecting teams at the recent National Mediation Competition 2024. The competition was held over three days from 23-25th January 2024 at the Thailand Arbitration Center (THAC) in Bangkok.

Now in its sixth year, the event brings together Thailand’s next generation of mediators and negotiators and aims to encourage greater innovation, creativity and leadership. Using simulations of commercial disputes, participants get to put theory into practice and test strategies and tactics in a fun but competitive environment.

The event offers a great opportunity for 2nd, 3rd and 4th year degree students to participate in a mediation from start to finish. They gain practical experience of the whole process, from ensuring equal participation, to gathering viewpoints, to determining interests, from assessing possibilities, to creating win-win options, to finally outlining an effective compromise agreement.

Participants also get a chance to showcase their skills, connect with peers, and discuss the very latest mediation and negotiation techniques.

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Anuwat discusses wealth sustainability & family business strategy at AFBE

The Association of Family Business Entrepreneurs (AFBE) held a recent whole-day seminar event about wealth sustainability and multi-generational business strategies for families in Thailand. Speakers at the event, which took place on Thursday 24th August, discussed the range of tools and structures available for passing businesses down from generation to generation, such as family holding companies.

My session focussed on family business organisation management from a legal perspective, as well as existing guidelines with respect to the following: the ‘connection’ of business organisations and family organisations; managing ownership of property as a joint owner in the family; conflict in family business; fair selection and selection of ‘people’; management when a competitive business is opened and the use of business secrets for personal gain; internal fraud management and spending money beyond your authority; and ownership pass-through from generation to generation.

Attendees at the event learnt how to identify short-term risks and long-term opportunities and how to achieve future business prosperity for themselves and their families.

Events such as this are just one way that the AFBE provides information and advice to its members and to family business operators. Engagement between speakers and participants is always encouraged as is sharing knowledge and personal experience.

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Anuwat at AFBE to discuss how to resolve conflicts in family businesses

The Association of Family Business Entrepreneurs (AFBE) invited IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul to appear as a speaker for the session, “Managing and preventing conflicts in family businesses before they escalate.”

A variety of topics were shared and discussed in closed group sessions at the event tailored according to each participant’s needs, including family business organisations, holding companies, business succession plans and methodologies, as well as fraud prevention mechanisms.

The event, which was held for the benefit of both members and non-members of the AFBE, took place on 22nd June 2023.

For more information about the AFBE, visit: https://afbefamilybusiness.com/

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Anuwat joins committee for selecting teams at National Mediation Competition ’23

Co-founding partner Mr Anuwat Ngamprasertkul was privileged to join the committee for selecting teams at this year’s National Mediation Competition.

The event was held at the Thailand Arbitration Center (THAC) in Bangkok and took place over three days from 25-27th January 2023.

Competition now in its fifth year

The competition, now in its fifth year, is organised by THAC and involves simulations of commercial disputes to encourage and inform Thailand’s next generation of mediators and negotiators.

The event provides an excellent opportunity for 2nd, 3rd and 4th year degree students to participate in a mediation from start to finish and for teams to get experience of the whole mediation process, from gathering initial viewpoints, to focusing on interests, to creating win-win options, to evaluating possibilities, to outlining a valid compromise agreement.

It also provides an opportunity for young mediators and negotiators to showcase their skills, connect with peers, and pick up new mediation and negotiation techniques.

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Anuwat Ngamprasertkul joins THAC course as a co-speaker

It was an honour for IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul to join the recent Thailand Arbitration Center (THAC) course at Bhiraj Tower as a co-speaker together with Ms Noppramart Thammateeradaycho (partner) and Ms Suruswadee Jaimsuwan (counsel) from Tilleke & Gibbins.

The course, on 16-17th January 2023, was titled, “Ending organisational conflict: negotiation and conciliation techniques for settling disputes.”

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