What are force majeure circumstances? Can coronavirus be considered force majeure? How is force majeure applied in contractual relations? Circumstances related to the coronavirus have affected many parties. Restrictions on cross-border movement, quarantine measures, and factory shutdowns all impact the performance of contractual obligations, both internationally and domestically. Laws and contracts typically provide liability for …
A pledge is commonly used as security for the performance of monetary obligations under a contract. Thai law provides a limited list of types of pledges and alternative mechanisms to protect the rights of a creditor. The main ones are as follows: 1. Pledge without transfer of possession A pledge agreement grants the pledgee the …
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In December 2019, the Ministry of Interior announced changes to the implementation timeline of the Land and Building Tax Act. Government agencies did not have sufficient time to prepare for the enforcement of the law and the collection of the new tax. Tax payments will begin in August 2020. By the end of March 2020, …
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Many thanks for organizing and filming to the team of Tom Yam Property Co., Ltd. We are pleased with the acquaintance and cooperation.
Our first closed training in Phuket. We would like to thank the team of Indreams Co., Ltd. for an excellent event!
Corporate trainings are events with the highest level of effectiveness. Many thanks to the team of Lemandom Co., Ltd. We are glad to cooperate with professionals of this level.
Peer-to-peer lending (P2P or person-to-person lending) is a method of borrowing and lending money between equal parties without the involvement of a bank or other financial institution. Loans are provided online through lending platforms and creditworthiness assessment tools. Does P2P lending exist in Thailand? P2P lending has been officially allowed in Thailand since 29 April …
On October 31, the Contract Committee issued a notification declaring that the business of leasing residential properties is a Controlled Business. Background The first notification was published on February 16, 2018. It: The new notification introduces more flexible lease conditions for business operators. Scope of Application These rules apply only when the landlord is a …
The government has introduced reduced fee rates for registering real estate transactions at the Land Department: The reduced property transfer fee applies only to: The new rules are already in effect and will remain valid until December 24, 2020. For inquiries regarding registration costs, please call: +66 87 348 5703.
Registration of foreigners at their place of residence in Thailand is governed by the Immigration Act of 1979. TM30 and TM28 Responsibilities According to Section 38 of the Act: According to Section 37: TM28 Requirements According to Section 37 (paragraph 3): According to Section 37 (paragraph 4): Example If you travel for the weekend from …
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