The Legal 500

Thailand

Share this page

Editorial

Overview

The period between November 2013 and May 2014 marked a time of political instability and civil unrest in Thailand. There was a sustained campaign of public demonstrations and protests in opposition to the perceived corrupt influence of Thaksin Shinawatra in Thai politics, among other grievances, and a strong motivation to introduce reforms to the political system. Matters came to a head in May 2014 when Prime Minister Yingluck Shinawatra was removed from office by the Constitutional Court after being found guilty of an abuse of power in a case involving the transfer of a government official from his post. This case was followed by the introduction of martial law by the Royal Thai Army, the removal of the existing democratically elected government and then the subsequent establishment of a military junta led by General Prayuth Chan-ocha, who officially became prime minister in August 2014.

The financial impact during the period of uncertainty was felt when the value of the baht fell to a three-year low in December 2013 and the main stock index also dropped. There was an initial marked decrease in foreign investment and sectors such as retail and tourism were affected. GDP growth also slowed in the final quarter of the year and this trend continued well into the early months of 2014.

Following the resolution of the political crisis, however, the Thai economy has largely stabilised. Sectors such as real estate have marked a recent uptick in activity. Long-term outbound cross-border work in the projects and energy sector has continued to be strong, particularly in finance and development projects involving emerging markets such as Laos and Myanmar. In the field of telecoms, however, an auction of spectrum to be used for 4G services in Thailand was recently placed on hold by the junta. The long-term impact of the current regime therefore remains to be seen.

The legal market is populated by a number of very well-regarded Thai firms, such as Chandler & Thong-ek Law Offices Limited, Weerawong, Chinnavat & Peangpanor and Siam Premier International Law Office Limited. International law firm Baker & McKenzie is the leading firm in Thailand in terms of its size and practice area coverage. A number of other foreign firms also have a strong presence in the legal market, including Allen & Overy (Thailand) Co, Ltd, Linklaters and Clifford Chance (Thailand) Limited.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Thailand

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • Pepeliaev Group tops the Best Lawyers 2015 ranking

    The authoritative international ranking of law firms Best Lawyers 2015 has hailed Pepeliaev Group as Top Listed in Tax. This means that Pepeliaev is recognised as the top firm in Russian tax law. The award is handed to firms whose lawyers occupy the highest positions in the rankings within a certain region and practice area.
  • PP -“TOP-TIER FIRM” & “ELITE LEADING LAWYER” rankings by The Legal 500 EMEA 2015 guide

    Patrikios Pavlou & Associates LLC achieves FIRST TIER recommendations in Cyprus by The Legal 500 Europe, Middle East and Africa 2015 guide in April 2015.
  • VEGAS LEX on favorable environment for intellectual property development

    Aleksandra Vasyukhnova, Head of Technology and Investment Group at VEGAS LEX, has spoken at the Eighth International Forum on Intellectual Property – 21st Century, one of the leading industry platforms.
  • Austria: Schoenherr advises Cimpress on its acquisition of Austria's Druck.at

    Schoenherr advised Cimpress N.V., a world leader in mass customization, on its acquisition of Druck.at, one of the leading web-to-print businesses in Austria. The transaction, which was announced on 18 March 2015, closed on 17 April 2015 following the successful achievement of various closing conditions including Austrian antitrust clearance. The acquisition supports Cimpress’ strategy of building a software-enabled operational platform that aggregates and optimizes the supply chain and production of mass customized products such as signage, printing, apparel and promotional products. read more...
  • CEE: Schoenherr named Leading Law Firm in South East Europe by Chambers

    Schoenherr has been recognized as " South East Europe Law Firm of the Year " (2015) by the renowned legal publisher Chambers and Partners . Schoenherr lawyers Monica Cojocaru (partner; Bucharest), Miloš Laković (partner, Moravčević, Vojnović & partneri OAD in cooperation with Schoenherr; Belgrade) and Marko Prušnik (partner; Ljubljana) accepted the award on behalf of the firm at the Chambers Europe Awards event held this past Friday evening at Amsterdam’s Hotel Okura. read more...
  • Russian industrialists and VEGAS LEX discuss development of procedural law with Supreme Court

    VEGAS LEX and the Russian Union of Industrialists and Entrepreneurs and chaired by Mikhail Fridman have discussed improvement of judicial procedure in Russia, also in the context of the new unified Civil Procedure Code Concept and the Code of Administrative Court Procedure now in the works. The event convened representatives of the Supreme Court, the Presidential State-Legal Directorate, the State Duma Committee on Civil, Criminal and Commercial Legislation, major industrial companies and legal experts.
  • Patrikios Pavlou & Associates LLC co-sponsored the CFA first seminar of the year, 6th & 9th March 20

    The Cyprus Fiduciary Association organized two (2) full-day seminars on the Role and Liabilities of Directors which were co-sponsored by Patrikios Pavlou & Associates LLC. The seminars took place at Cleopatra Hotel in Nicosia on March, 6 and at St. Raphael Hotel in Limassol on March 9 and were hailed with great success.
  • Baker & Partners Drive Best Practice for Local Trust Firms

    Baker & Partners have issued a Guidance Note covering the retirement, replacement and removal of trustees, with information of great relevance to Jersey’s legal community and the broader legal and financial sectors. 
  • Popov & Partners admitted as a member of Bulgarian Water Association

    At the beginning of April 2015 Popov & Partners was admitted as a corporate member of the Bulgarian Water Association (BWA) . BWA is the largest organization in Bulgaria that combines all WSS operators, trade companies and business consultants with focus on the management of the water resources and the development of the water-supply services in the country. In international aspect BWA has parnership relations with European Water Association and International Water Association and other international water organizations, whose activity reflects directly over the development of the water sector in global aspect.
  • Slovenia: Schoenherr advises Laško shareholders on a majority stake in Slovenian brewer to Heineken

    Schoenherr advised a consortium of owners of Pivovarna Laško, d.d. ("Laško"), Slovenia's leading brewery group, in the sale of their combined holdings of over 51% in Laško to Heineken International B.V., part of the Netherlands-based brewing group. The opening of final offers took place on 13 April 2015, with Heineken offering EUR 25.56 per share in Laško (translating into a total purchase price of approx. EUR 114 million for the 51.11% stake on sale). Following the selection of Heineken as best bidder, the respective share purchase agreement was signed in Ljubljana the same day. read more...