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Navigating international trade and tariffs
Recent tariffs and other trade measures have transformed the international trade landscape, impacting almost every sector, region and business worldwide.
Key Changes to Private Company Limited Law in Thailand
Thailand | Publication | February 2023
From 7th February 2023, the Amendment to the Thai Civil and Commercial Code (Amendment) is effective. The following is a summary of the key amendments:
- Minimum number of promoters: The requirement for the number of promoters for incorporating a company has been decreased from three (3) to only two (2).
- Shareholder's Meeting Notice: Publication of a notice for convening a shareholder's meeting is no longer required, except in the case of a bearer share certificate.
- Dividend Payment: A company must pay its dividend within one month of the date that the shareholder's meeting has resolved such payment.
- New concept of Merger: A new concept of a merger, where one company continues to exist while the other company ceases, has been introduced in addition to the existing concept of amalgamation, where the two merging entities will cease and a new entity will exist.
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