On 30 April 2002 a new Arbitration Act came into force in Thailand. The Thai Act is modelled on the UNCITRAL Model Law on International Commercial Arbitration. This is a substantial change from the existing legislation that was widely acknowledged as being somewhat quirky and outdated.
The Thai Act aims to promote arbitration as a means of resolving domestic and international commercial disputes, both for its own sake and in order to reduce the volume of cases filed with the Thai Courts. It applies to all arbitrations conducted in Thailand and also to proceedings in Thailand for the enforcement of domestic and international arbitration awards.
Main changes
The key changes in the Act are:
