What to look out for when entering a loan agreement

What are the essential do’s and don’ts of lending and borrowing money? Whether financial institution-to-individual or person-to-person, loan agreements are needed to protect against exploitation and litigation. What are the requirements of the agreement as seen from both sides? What terms and conditions should borrowers be aware of?

Watch 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 Tuesday 23rd May 2023 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

 

Business law basics for setting up a Thai company

What are the basic legal requirements for starting a business in Thailand? What legal essentials should business owners know before starting out? Which legal matters require a lawyer, and which don’t?

Watch 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 Wednesday 10th May 2023 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

Empowering modern businesses at #TEDFund training

IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul was pleased to join the TED INNOVATION & BUSINESS TRAINING project, which took place from 26-27th October 2023 at the Best Western Nada Don Mueang Airport Hotel in Bangkok.

National experts and esteemed commentators and lecturers were invited to examine the needs of today’s entrepreneurs and to highlight and enhance the knowledge required for successful business ventures. Participants were also able to exchange successful business practices with industry experts and foster networks with other entrepreneurs.

The Technology & Innovation-Based Enterprise Development (TED) Fund, part of Thailand’s Ministry of Higher Education, Science, Research & Innovation, organises the TED project with the aim of helping start-ups and entrepreneurs to strengthen and grow their businesses.

This year’s line-up included: Ms Rhiaveinnta Teyvputtaranon, on “Pitching techniques for modern businesses”; Ms Paweensuda Drouin, on “Improving the image of modern executives”; and Dr Wit Sittivaekin, on the “Formula for success in modern global business.”

Anuwat was asked to talk about key Thai laws affecting modern businesses and other legal aspects that are essential for entrepreneurial success. His sessions, on 27th October, included legal considerations that affect the entire business cycle, from initial establishment and corporate structuring to phases of scaling up through mergers and acquisitions (M&A) and initial public offerings (IPOs).

He talked about family business structures and how they can contribute to significantly enhancing businesses. He highlighted the role of contracts in modern business dealings and stressed their importance over informal agreements. He gave updates on Thai labour law and their practical application in the contemporary business environment.

He also covered the importance of ensuring compliance with the Personal Data Protection Act (PDPA) in today’s data-driven world, and suggested dispute resolution strategies to help participants navigate challenges effectively.

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NEA meeting in Bangkok gets national media coverage

This month’s successful New Economy Academy (NEA) meeting in Bangkok has gained further coverage, with reports appearing on national television.

The NEA, part of Thailand’s Department of International Trade Promotion under the Ministry of Commerce, held a practical training course, “Essential information for operating an export business,” for 120 selected entrepreneurs as well as other invited parties.

The meeting took place between 1st–5th September 2023 and was led by various experts in international trade and exports, including IAS Advisory co-founding partner, Anuwat Ngamprasertkul, who ran seminars on the legal aspects of operating an export business and intellectual property.

The course was packed with 10 intensive topics for five days of in-depth discussion and thought leadership, with news reports featuring Anuwat appearing on Thai TV highlighting the level of interest in the event and drawing further attention to its success.

Read the full story here!

Anuwat co-leads NEA course for entrepreneurs and exporters

IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul was delighted to join the practical training course, “Essential information for operating an export business,” which took place between 1st–5th September 2023.

The course, held for 120 selected entrepreneurs as well as other invited parties, was led by various experts in international trade and exports and was packed with 10 intensive topics for five days of in-depth discussion and thought leadership.

Sessions focussed on the preparations that are needed to be a successful exporter, such as business planning and marketing, cost and price structuring, payment methods, logistics and customs procedures, data analytics, among others.

My session involved preparing the exporter for key legal matters, such as how to structure a legally sound business organisation, how to identify and mitigate risk, how to prepare a proper legal contract with fully aligned terms and conditions, as well as a contract drafting checklist and negotiation plan. I was delighted to share the intellectual property session, also on Day 4, with co-speaker Ms Tatchaporn Natprasertkul, partner at WE Intellectual Property Co., Ltd.

The event was organised by the New Economy Academy (NEA), part of Thailand’s Department of International Trade Promotion (DITP), Ministry of Commerce, and took place at the Four Wings Hotel in Bangkok.

For more information about the NEA, visit https://nea.ditp.go.th/.

Because learning never ends!

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