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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