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Thailand to Join Talks on the Indo-Pacific Economic Framework
The Thai government announced it will join other countries in negotiating rules and procedures for the Indo-Pacific Economic Framework (IPEF). According to Nikki Asia: “he Thai cabinet approved Tuesday a statement notifying the U.S. of its participation in the negotiations.” This is a historic stride by the current U.S....
Sanction Tracker – Russia
As part of our compliance and international trade practice, we strongly encourage all of our clients and other interested parties to take appropriate measures to determine if they are directly or indirectly doing business with any party subject to the sanctions that have been imposed against Russia. You can view Correctiv’s sanction...
Thailand’s New Credit Term Regulation
By Douglas Mancill and Nat Uawithya
The Policy Rationale Behind Thailand’s Credit Regulation
Negotiated terms between commercial parties of equal bargaining power are generally considered better than dictated terms. But regulatory authorities don’t always agree.
Last year Thailand’s Trade Competition Commission (“TCC”) promulgated a credit...
Predications for Thailand – 2022
Random thoughts and musings about what we can expect in 2022. Not scientific in any sense of the word; entirely tongue-in-cheek.
1.Thailand’s Economic Growth: 3.3%
Not terribly robust, but not as bad as it could be. Siam Commercial Bank’s research house recently downgraded its economic forecast for Thailand’s economic growth from 3.4% to 3.2%...
Franchising Law in Thailand
When someone mentions franchises, fast food burger joints are probably the first thing that comes to mind. But franchising can and is used for many other businesses.
Franchising relationships include fitness clubs, food delivery services, cleaning services, property management services, financial and bookkeeping services, private schools,...
Cross Examination in International Arbitration – Thailand
Conducting a cross examination in an international arbitration proceeding is like conducting a cross examination in a domestic arbitration or trial, but there are some differences. International arbitrations, by definition, involve witnesses, arbitrators, and parties from different countries. Adopting a more civil and polite tone is almost...