The economic impact of COVID-19 has been severe, and Thailand’s gross domestic product (GDP) and domestic investment have significantly decreased over the last few months. The Office of the National Economic and Social Development Council (NESDC) has subsequently proposed measures to stimulate economy and mitigate the pandemic’s impacts on workers and businesses. The Cabinet approved […]
The term intellectual property (IP) encompasses intangible creations of the intellect, including inventions, designs, and literary and artistic works, which are protected by law from unauthorized use, imitation, or forgery. IP encompasses patents, copyright, trade secrets and trademarks, which confer on legal and natural persons the right to enjoy their creations exclusively and preventing unlicensed […]
The human mind is a fascinating yet unusual organ. In order to simplify the complex, multifaceted world that we live in, and make decisions relatively faster, our brains create shortcuts known as ‘Cognitive Biases’. These biases affect all aspects of our lives and can be particularly detrimental to decision-making in business; this risk will be […]
General Practices in Thai Trials It is important to note for foreigners entering Thailand that all court proceedings will be conducted in the Thai language. Additionally, any documents that are produced in a foreign language must be translated into Thai. There is no jury in the Thai judicial system, therefore, the Judge will decide the […]
The Thai government has announced that it will raise its public debt ceiling to allow for higher borrowing and spending in an effort to assist the economy rebuild in the wake of the pandemic. The limit on debt-to-gross domestic product ratio, which previously sat at 60% will now be increased to 70%, enabling the government […]
On 24 August 2021, with the objective of mitigating impacts of the pandemic and increasing taxpayer liquidity, the Ministry of Finance announced several relief measures to help support affected taxpayers. These measures include an extension of the deadline for filing tax returns, allowing the Revenue Department to waive or reduce specific penalties and fines and […]