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Toyota is a Japanese Company. Why are US Authorities Investigating Toyota and its Thai Subsidiary for an Alleged breach of a U.S. Law?
After the Watergate scandals in the U.S. during the 1970s, the United States enacted the Foreign Corrupt Practices Act (the “FCPA”) in 1977 in response to revelations that U.S. companies had engaged in widespread bribery of foreign public officials. The FCPA was intended to halt the corrupt practices that had been revealed in the 1970s; create...
Thai Unit of Toyota Motor Corporation ordered to Pay Extra Taxes
Nikkei Asia reported that:
Thailand Supreme Court on Thursday upheld a lower court ruling that the local unit of Toyota Motor Corp. owed the government 10 billion baht ($272.11 million) in extra taxes for importing components not subject to a reduced tariff.
Nikki Asia reported that “Toyota’s Thailand unit in a written statement...
Foreign Ownership of Land Under Consideration (Again)
The Bangkok Post is reporting that the Thai government is again considering opening up land ownership to foreigners in Thailand. Foreigners are generally prohibited from owning land in Thailand, and this often comes as a surprise to foreigners from more open and developed jurisdictions where there are no such restrictions. Not surprisingly,...
Four Announcements about Thailand’s PDPA in the Royal Gazette
On 21 June 2022, just a few weeks after Thailand’s Personal Data Protection Act (“PDPA”) came into full force, the Data Protection Committee published four announcements in the Royal Gazette about the PDPA. These announcements provide more detail about the PDPA and are intended to provide holders of personal data with more information...
Update on Thailand’s Long Term Resident Visa
On 2 June 20022, the Ministry of Interior – the ministry responsible for the implementation of immigration laws – published an announcement concerning regulations for long term resident visas (“LTR”) in the Royal Gazette (the “Announcement”). In summary, those regulations provide:
The following types of foreigners (non-Thais) are eligible...
Are you ready for the Thai Personal Data Protection Law?
The Thai Personal Data Protection Act B.E. 2562 (2019) (“PDPA”) comes into full force on 1 June 2022. The PDPA technically came into force in 2019, but enforcement of the core provisions of the PDPA, including those imposing duties on data controllers and data processors as well as punishments for violations of the PDPA, was postponed was until...