Bilingual Guide, Tiantai Law Firmiasadmin

IAS Advisory & Tiantai Law Firm collaborate on Thai investment guide

IAS Advisory was delighted to collaborate with Tiantai Law Firm (Shanghai Office) recently on the production of a bilingual guide to investment opportunities in Thailand.

IAS Advisory co-founder Ms Siripen Kulworakulpitak and senior associate Ms Sukontharat Nobnom, supported by associate Ms Natpanee Pasuntaratum, all contributed to the guide alongside branch office senior partner Mr Jerry Wang of Tiantai Law Firm, one of China’s oldest and largest law firms.

The Chinese-English guide was published in Huangpu District Bureau of Justice’s “Popularization of Law Periodical” and distributed to industrial zones, office buildings, and companies in the domain of Huangpu District of Shanghai City.

Copies were also provided to audience members at a special release event attended by the Vice President of Huangpu District Government of Shanghai (see the attached image). The event was part of “Huangpu Constitution Publicity Week Citywalk,” which started on 9th December.

Topics in the guide include foreign investment restrictions under the Thai Foreign Business Act, foreign business licenses (FBLs), Thailand Board of Investment (BOI) incentives, employment law, personal data protection matters, and more. An e-version can be accessed by scanning the attached QR code with the app WeChat. 

We would like to thank Tiantai Law Firm for inviting us to collaborate on this initiative. It was an honour and a pleasure to share our perspectives on investment possibilities in Thailand. We look forward to collaborating again soon!

Foreign Business Act (FBA)iasadmin

Siripen contributes to ABLJ feature story on changes to the Thai FBA

IAS Advisory co-founding partner Ms Siripen Kulworakulpitak was pleased to contribute to Asia Business Law Journal (ABLJ)’s recent feature “Opportunity Knocks,” published on Tuesday 22nd July, about the Thai Cabinet’s decision to amend the Foreign Business Act (1999) (FBA).

The proposed reforms are intended to ease restrictions on foreign business ownership under the FBA and create a more open investment climate. Thailand’s Ministry of Commerce has also been instructed to revoke certain rules under the FBA deemed to have a negative impact on the country’s economic development.

While concerns have been raised over clarity, enforcement and fairness in respect of the amendments, there are doubts about the extent to which the government really intends to modernise the country’s investment framework, and questions remain about the opportunities that will actually be available.

For its feature, ABLJ engaged senior Thai lawyers and other experts to consider what the reforms mean for businesses in practice. Also, to discuss if real liberalisation is likely to follow. Siripen was supported in her work on this project by IAS Advisory senior associate and corporate/M&A specialist Ms Sukontharat Nobnom.

To find out more about Thailand’s recent efforts to ease restrictions on foreign business ownership under the FBA, and to read ABLJ’s full feature, click HERE.