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Legal Developments - Law Firm Thought Leadership by ILCT Ltd.

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Sustainability-themed ICOs: Regulations Amended by the SEC

ILCT Ltd. | September 18, 2024

This legal summary provides an overview of new regulations outlined in SEC notifications effective from June 1st, 2024, concerning the issuance of sustainability-themed digital tokens.

Visa Exemption for Nationals of 93 Countries and Territories in Thailand

ILCT Ltd. | August 16, 2024

In accordance with the regulations of the Kingdom of Thailand, nationals of 93 specific countries and territories are eligible for visa exemption under certain conditions.

Consumer Protection: Laws and Regulations Governing Product Recall

ILCT Ltd. | July 11, 2024

This legal summary provides an overview of the laws and regulations governing product recalls in Thailand under the Consumer Protection Act, B.E. 2522 (1979).

Unlocking Innovation: Expedite Your Thai Patent Approval for Competitive Advantage

| June 27, 2024

The patent application process in Thailand, like many other countries, involves a variety of examination and review phases.

SEC Enhances Digital Asset Regulations to Promote Growth and Protect Investors

ILCT Ltd. | May 14, 2024

On March 2, 2023, the Securities and Exchange Commission (SEC) of Thailand took a significant step forward by approving amendments to the regulatory framework governing digital assets during its Board Meeting No. 5/2566.

Cabinet Approval of Alcoholic Beverage Tax Reductions and Exemption for Tourism Enhancement: An Examination of Excise and Customs Tax Revisions

ILCT Ltd. | April 22, 2024

On the 2nd of January 2024, the cabinet granted its approval for substantial tax reductions and exemptions on alcoholic beverages, marking a strategic initiative to fortify the tourism sector.

The future of digital asset taxes in Thailand

ILCT Ltd. | March 31, 2022

Digital assets have become rapidly popular among Thai investors in the past few years as their value tends to rise dramatically higher than other traditional assets, yet with higher risks. According to the Emergency Decree on Digital Asset Businesses, 2018, digital assets consist of cryptocurrencies and digital tokens. Digital assets, especially cryptocurrencies, can yield incredible …

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The Thai Cabinet approves Tax Relief Measures on Digital Assets and Startups

ILCT Ltd. | March 18, 2022

On March 8, 2022, the Thai Cabinet of the Royal Thai Government has approved in principle two different sets of tax measures.

Thailand: Fast-Track Trademark Filing System

ILCT Ltd. | March 1, 2022

In its continuous efforts to improve the efficiency of IP-related registration services in Thailand and to reinforce filing services in the digital age, the Department of Intellectual Property (DIP) has implemented a “Fast-Track Trademark Filing System” for new trademark and renewal applications, which also aims at facilitating business owners who need to present a trademark …

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