Thailand: M&A/Private Equity

Recent events at a Thai listed company, where a proposal to remove the director was not successful, amid claims that a competitor was attempting to gain control of the company, illustrate how disputes over corporate control can unfold differently at the board level and shareholder level

Under Thai law, authorized directors stand as a company's mind and will and, as such, may incur personal criminal liability for acts or omissions committed in the course of company business.

In Thailand, in-court business rehabilitation is a legal proceeding that enhances a debtor's chance to restructure business operations for corporate debtors who are unable to repay their debts.

On October 9, 2023, the Trade Competition Commission of Thailand announced its plan for 2024 to focus primarily on competition, unfair trading, and antitrust policies for e-commerce businesses with a value of over THB 100 billion.

Attorneys from Tilleke & Gibbins have prepared the Laos, Myanmar, and Thailand sections of the recently released Global Merger Notification Guide from Lex Mundi.

On 18 July 2023, the Cabinet passed a resolution to approve the principles adopted in the draft Ministerial Regulation prescribing criteria, methods, and conditions for the appointment of appraisers B.E. ...