MEDIA: 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

MEDIA: know the law before living as a couple

What legal issues do unmarried couples living together face? What legal obligations and disputes arise out of cohabitation? How do you manage individual property? Whether it is men and women in general or members of the LGBTQ+ community, what preparations should be made before living with your partner?

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 11th April 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

 

IAS Advisory delivers PDPA training & workshop event for EXAT

IAS Advisory is proud to have successfully delivered a three-day Personal Data Protection Act (PDPA) training and workshop event for the Expressway Authority of Thailand (EXAT) from 20th-22nd September 2023.

Sessions were led by co-founding partner, Mr Anuwat Ngamprasertkul, and by associate, Mr Piniti Chomsavas, who are experts in data protection and privacy law in Thailand.

Training covered PDPA general knowledge and best practice to help ensure compliance. We also went through case studies from General Data Protection Regulation (GDPR) countries, and looked at how to handle data breaches, consent management, and data subject rights.

Workshops were a hands-on experience for participants, who were divided into groups and given real-life scenarios to solve.

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Supachot Prasankiattiraj named among Thailand’s best young lawyers

Congratulations to IAS Advisory senior associate, Mr Supachot Prasankiattiraj, for being selected as one of Thailand’s best young lawyers by Asian Legal Business (ALB), which is owned by Thomson Reuters.

Supachot was chosen as part of ALB Thailand Rising Stars 2023, which spotlights the next generation of the country’s lawyers. The list showcases 30 lawyers under the age of 40 who are performing first-class work and, in the process, earning accolades from clients and senior legal industry colleagues.

A leading title in Asia, ALB provides authoritative and unbiased insights as well as timely news about the legal industry to businesses and professionals across the Asia-Pacific and Middle East regions.

IAS Advisory co-founding partners, Ittinant Suwanjutha, Anuwat Ngamprasertkul and Siripen Kulworakulpitak were first to congratulate Supachot and were, naturally, full of praise.

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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 joins DITP’s “Knock Door Africa” event as speaker

IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul was delighted to be asked to speak at the Department of International Trade Promotion (DITP)’s recent “Knock Door Africa” event, which took place on 21st July 2023.

Anuwat was welcomed in his capacity as a senior commercial lawyer and as a qualified Thailand Arbitration Center (THAC) arbitrator to help equip Thai entrepreneurs, investors and start-ups to commence safe and legally sound business operations in Africa.

It was Anuwat’s fourth appearance as part of this series of events, with previous sessions focusing on South Asia, China and Saudi Arabia.

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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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DITP invite Anuwat to discuss how to do safe business in South Asia

On 15th June 2023, IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul was invited by the Department of International Trade Promotion (DITP), part of Thailand’s Ministry of Commerce, to speak in his capacity as a senior commercial lawyer and as a qualified Thailand Arbitration Center (THAC) arbitrator to help equip Thai entrepreneurs, investors and start-ups to commence safe and legally sound business operations in the South Asian region.

It was Anuwat’s third appearance at this particular event, with sessions earlier this year focussing on China and Saudi Arabia. The event, which was attended by over 50 guests including large domestic corporations and business institutions, welcomed prominent Thai thought leaders and influencers to its speakers panel.

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Anuwat helps demonstrate stages of arbitration process at THAC

On Tuesday 28th February 2023, the Thailand Arbitration Center (THAC) hosted the seminar “Dive into the arbitration process,” offering attendees key insights into how arbitration actually works at each stage of the process.

IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul was honoured to join arbitration colleagues Ms Sakolrat Srangsomwong, a Senior Associate from Chandler MHM Limited, and Mr Witchaphon Techasawatwit, an Associate from Herbert Smith Freehills, at the event.

Together, they simulated an arbitration case; Anuwat assumed the role of arbitrator and Sakolrat and Witchaphon role played as the parties in the dispute.

They demonstrated how to enter the arbitration process, talked about how arbitration tends to play out, and showed how to apply arbitration theory in real-world situations.

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Anuwat directs workshop and training for large state-owned enterprise

It was a pleasure for IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul to present and direct a training session and workshop for more than 400 participants from a Thai state-owned enterprise last month.

The subject of the event, on 2nd February 2023, was Thailand’s Personal Data Protection Act (PDPA) and its related regulations and what organisations need to do to ensure compliance.

In the training session, participants learnt about the fundamentals of PDPA compliance, including the life cycle of personal data in an organisation’s business operation. Also, how personal data can be justifiably collected, processed, circulated, disclosed and retained and how this aligns with or is required to change under the PDPA. Anuwat also covered how compliance is organised and which business units are involved during the session.

Then, during the workshop, representatives from 10+ business units of the organisation delved into how personal data is actually processed, links up with other units and flows out to external parties in compliance with one of the key legal requirements of the PDPA.

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