An escrow account is a financial arrangement where a neutral third party holds funds, documents, or assets on behalf of two parties involved in a transaction, releasing them only when contractual conditions are met. In Thailand, escrow accounts are primarily used in real estate transactions, providing security and confidence for buyers and sellers. The system […]
Mergers and acquisitions in Thailand are governed by a mix of corporate, financial, and sector-specific laws aimed at ensuring fair competition, protecting stakeholders, and encouraging investment. This guide explores the key legal frameworks, processes, and considerations involved in Thai M&A activities. 1. Legal Framework and Regulations Civil and Commercial Code (CCC): Governs the general procedures […]
A Power of Attorney in Thailand is a legal document allowing one individual (the principal) to grant authority to another (the agent) to act on their behalf. This arrangement is commonly used by foreigners and Thais alike to handle various legal, financial, or personal affairs when they cannot be present. In Thailand, a POA is […]