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Legal Update

Thailand: Draft Foreign Business Bill

11 January 2007
Mayer Brown JSM Legal Update

The media reported discussions relating to the Foreign Business Act which took place in the Thai Cabinet on 10 January 2007.

The Draft Foreign Business Bill aims to amend the definition of a Foreigner under the Foreign Business Act B.E. 2542 (1999) by including a foreigner having half or more of the total voting rights or shares of a juristic person.

We have obtained the official papers from the Cabinet office and we have an English translation which can be provided upon request.

Please contact either Gary Biesty or Nipaporn Weskosith if you need any information regarding the Draft Foreign Business Bill.

For further information, please contact:

Name: Gary Biesty
Phone: +66 2 677 7588 x173
Fax: +66 2 677 7599

Name: Nipaporn Weskosith
Phone: +66 2 677 7555
Fax: +66 2 677 7599

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