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New rehabilitation options for small businesses in Thailand

One gauge of the level of business distress is the number of bankruptcy applications filed, which have risen sharply in 2021. Often seen as a last resort, this indicates that despite the continued support of the government and financial institutions, … Read More

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The Evolution of Directors’ and Officers’ Liability in Thailand

Legal compliance and value enhancement are appropriate objectives for a director and board to focus on, but directors downplay their custodial role at their peril. In an age of increasing liability risk, directors and officers are reminded that it is … Read More

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Thailand Cross-Border Insolvency with Foreign Creditors

Thailand is currently facing challenges as a result of a global economy under pressure from the COVID-19 pandemic, leading numerous companies to struggle with insolvency. Some companies will be facing this stress in multiple jurisdictions with current travel restrictions hindering … Read More

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Bankruptcy Proceedings in Thailand: An Updated Overview

Introduction As previously mentioned, Thai proceedings are highly complex with several procedures and conditions that need to be met in order to come to a successful conclusion. Thailand’s bankruptcy law is modeled after that of the United States, which provides … Read More

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