The absence of clear procedures and specific deadlines of granting necessary licenses, permits, registrations and notifications to operate a business in Thailand has hampered Thailand’s competitiveness. But the Licensing Facilitation Act B.E. 2558 (the “LFA”) effective from 21st July 2015 will enhance the transparency and accountability of the government procedures. The LFA will also boost… Read More
On 13th October 2015, the Government of Thailand approved a fiscal stimulus package to boost the SMEs and revive the real estate markets. The Royal decree reducing the transfer fee for the sale of real property and the mortgage registration fee was published in the Royal Thai Government Gazette and is effective since 29th October 2015. The others… Read More
On August 28th 2015, the President U Thein Sein signed the first-ever broadcasting law in Myanmar, opening the television market to the private sector. The Broadcasting Law 2015 (the “BL”) sets up the legal framework for the development of the Myanmar broadcasting industry. Commercial licenses for TV or radio will be available for bidding and an independent supervisory authority… Read More
The ASEAN Collective Investment Scheme (“ASEAN CIS”) aims at facilitating the crossborder sale of mutual funds across Malaysia, Singapore and Thailand. It was launched on the 25th of August 2014 by Singapore, Malaysia and Thailand and it remains open to the other ASEAN countries to join. It is similar to the UCITS framework (Undertakings for Investment in… Read More
It is possible to assign a registered patent or a pending patent application in Thailand. This article gives a summary of the basis on which pending patent applications and registered patents are assigned in Thailand. Patent Assignment A patent holder can assign his pending patent application or registered patent by signing a deed of assignment… Read More
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