Tax & Legal News Flash Issue 16
Tax & Legal News Flash Issue 16
Legal news: Summary of recent amendment to five main business laws
Legal news: Summary of recent amendment to five main business laws
Recently, five main business laws have been amended with an aim to improve Thailand’s ranking for ease of doing business in the World Bank Report. The amended laws have been effective from 4 April 2017.
We have prepared and are pleased to share with you a summary of some key issues and amendments to such laws as follows:
No. |
Law |
Issue |
Key amendment |
1. | Company law under Civil and Commercial Code |
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2. | Labor Protection Act |
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3. | Public Limited Company Act |
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4. | Social Security Act |
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5. | Bankruptcy Act |
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Despite the fact that main purpose for the foregoing amendments is to facilitate business operations, such amendments could affect business operations in several aspects. Therefore, business operators should carefully consider the potential impact and prepare an implementation plan before taking any actions related to such amendment.
We would welcome any opportunity to discuss the relevance of this matter upon reque
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