From the Emergency Decree on Digital Asset Business Operation B.E. 2561 (2018) became effective on 14th May 2018 to 30th December 2019, the Securities and Exchange Commission (“SEC”) has issued 5 digital asset exchange licenses, 3 digital asset broker licenses and one digital asset dealer license. The SEC also granted approvals to 3 ICO portals. Due to… Read More
On 15th November 2019, the Central bank of Myanmar (“CBM”) issued its Notification No. 21/2019 re: Regulation for Offshore Remittance Licenses under the Foreign Exchange Management Law to set out the requirements for application and granting of Offshore Remittance License (“ORL”). To obtain an ORL, an applicant must submit to the CBM an application and the following… Read More
The MSA has been amended to reduce the penalties for late payment of stamp duties or payment of deficient stamp duties required for agreements or instruments listed in Schedule 1 of the MSA, e.g. service agreements, bonds and financing instruments, conveyance and transfer instruments, and leases, from 10 times to 3 times of the outstanding… Read More
On 15th November 2019, the Directorate of Investment and Company Administration (“DICA”) issued its Directive on Disclosure of Beneficial Ownership Information under the Anti-Money Laundering Law 2014 and the Presidential Notification No. 104/2019 to enhance the transparency and accountability of beneficial ownership of legal entities and legal arrangements, and to prevent tax evasion, money laundering… Read More
On 28th October 2019, the Board of Investment of Thailand (“BOI”) issued:- (1) the Notification No. 4/2019 re: Measures to Accelerate Investment; (2) the Notification No. 5/2019 re: Measures to Support Training; and (3) the Notification No. 6/2019 re: Measures to Support Establishment of Institutions for Development of High Skilled Workforce by Private Sectors. Subject… Read More