Tech M&A in Thailand Today: The Amalgamation of DTAC and TRUE.
Potential Southeast Asian tech giant formed by the amalgamation of two major Thai telecoms operators.
Postponement of Financial Transaction Tax for Sale of Listed Shares.
In early 2022, the Ministry of Finance revealed that personal income tax on gains derived from the sale of listed shares through the Thai stock exchange may no longer be exempt. Due to certain concerns and negative impacts in the Thai capital market, an implementation of capital gains tax on individual investors is not ready …
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Tax Incentives for the Investment in Thai Startups.
The Thai government has been encouraging all Thai businesses, both corporate and individual, to put more and more investment in Thailand, particularly in local startups this year in order to help boost economic growth after the COVID-19 pandemic is gone.
The New Definitions of Institutional Investor, Ultra-high Net Worth Investor and High Net Worth Investor.
Effective on October 1st , 2022, the new definitions of Institutional Investor, Ultra-high Net Worth Investor and High Net Worth Investor under the Notification of the Securities and Exchange Commission No. Kor. Jor. 39/2564 re: Determination of Definitions of Institutional Investor, Ultra-high Net Worth Investor, and High Net Worth Investor, will be more consistent with …
The Senate Approved the Draft Amendment to the Public Limited Company Act.
On 28 February 2022, the Senate approved the Draft Public Limited Company Act (No. ….) B.E. …. (….) (the “Draft PLC Act”) for amendments of the Public Limited Company Act B.E. 2535 (A.D. 1992) (the “PLC Act”) in order to accommodate the current business operation of a public company and resolve some weak points of …
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SEC Proposes Revisions on Private Placements.
On 9 February 2022, the Securities and Exchange Commission (“SEC”) has announced to arrange a public hearing on the revisions of the rules of newly issued shares offering through a private placement (“PP”) with a purpose of streamlining the procedures, processes and documents which may be required at the time of the submission with the …
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SEC Conducts Public Hearing on the Guideline for Using Digital Assets as Means of Payment for Goods and Services.
Nowadays, consumers and merchants have opened to the use of digital assets as payment for goods or services. To facilitate such actions, the licensed digital asset operators have developed their systems to support payment on transactions made through their platform. This could result in the widespread usage of digital assets for purposes other than investment …
The Turkish Medicines and Medical Devices Agency Publishes New Draft Guidelines
Authors: Gönenç Gürkaynak, Esq., Ceren Yıldız, Nazlı Gürün and Bilgehan Korucuoğlu, ELIG Gürkaynak Attorneys-at-Law
CAN A RESIGNATION INTENT DECLARED IN A WHATSAPP GROUP BE CONSIDERED AS PROOF OF RESIGNATION EVENT?
Authors: Gönenç Gürkaynak, Esq., Ceyda Karaoğlan, Tuğba Uluay and Işıl Ertekin, ELIG Gürkaynak Attorneys-at-Law
The Risk of Loss or Damage of Materials in a Contracting Agreement
Author: “Mohammad Mufid” Ratib Qurashi