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The economy in Thailand remains sluggish; since the military coup in 2014, investors have had reservations about the medium-to-long-term political stability. The China downturn compounded this problem, as have low global commodity prices, raising questions about not only future economic growth in Thailand but also the wider region.

Recent foreign direct investment has not hit expected levels, but remains steady, with interest coming, in the main, from Japan and China. On the outbound investment front, finance lawyers have been kept busy with transactions involving the renewable energy sector and emerging markets such as Laos and Myanmar. A number of infrastructure projects earmarked for Bangkok have also provided a boost in work for projects practitioners.

Cross-border work continues to flow and the establishment of the ASEAN Economic Community (AEC) in December 2015 will provide regional economic integration and further opportunity for Thai businesses to take advantage of investment prospects in other south-east Asian markets, although many believe it will be some years until this is reached.

Firms in the spotlight

Pisut & Partners

Pisut & Partners is a leading law firm based in Bangkok having profound connections with international law firms across the region and other continents. The firm specializes in litigation and arbitration law, corporate M&A, hotels and hospitality, insolvency and restructuring, trade competition, labor and employment, immigration, insurance, transportation, administrative cases, and white-collar criminal matters including other general commercial legal services. Notwithstanding our expertise, the firm always understands our clients’ needs and budgets.

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