Mr. Kowit Somwaiya, the Managing Partner of LawPlus Ltd., gave a presentation on ICO as a corporate financing tool at a seminar by OmegaWorldClass Research Institute on 19th June 2019. He also gave a presentation on Legal Due Diligence for Cross-Border M&A at another seminar by OmegaWorldClass Research Institute on 25th June 2019. For the… Read More
The first ever Personal Data Protection Act B.E. 2562 (A.D. 2019) of Thailand (“PDPA”) was published in the Government Gazette on 27th May 2019. Its provisions on establishing regulatory and enforcement bodies come into force on and from 28th May 2019. Its Chapters 2, 3, 5, 6 and 7 and Sections 95 and 96 (on… Read More
The Cyber Security Act B.E. 2562 (A.D. 2019) (“CSA”) was published in the Government Gazette on 27th May 2019. It comes into force on and from 28th May 2019. It is the first ever cyber security law of Thailand. We summarized some of its major provisions below. 1. The objective of the CSA is… Read More
As a country thought to be stuck in the “Middle Income Trap”, Thailand is innovating its way out. The kingdom is shifting away from a manufacturing based economy into one driven by innovation and technology through the Government’s ‘Thailand 4.0’ initiative. A cornerstone of Thailand 4.0 is the need to cultivate trust in consumers and… Read More
On 24 May 2019, the Union Parliament of Myanmar passed the Copyright Law (Law No. 15/2019) (“CRL”). It will come into force after the President of Myanmar issues a notification to that effect. It repeals and replaces the Copyright Act 1914 and establishes a new copyright protection system with the following major principles:- 1. … Read More
The Bank of Thailand (“BOT”) issued the Notification No. SorNorSor. 4/2019 re: Rules, Procedures and Conditions for Operation of Peer to Peer Lending (“P2P”) System or Platform (“Notification”) on 29th April 2019. The Notification is effective from 30th April 2019. 1. P2P Lending Platform Service Provider (“SP”), Borrower and Lender An SP must be… Read More