Thailand

The first inflation-linked bond by the Kingdom of Thailand should spark copycat deals. But slow buy-in from regulators was just one of the challenges of bringing the deal to market

The takeover of a Thai-listed public company is subject to the Securities and Exchange Act BE 2535 (1992) (SEC Act) and the new Notification of the Capital Market Supervisory Board No. TorChor 12/2554 Re: Rules, Conditions and Procedures for the Acquisition of Securities for Business Takeovers. The Notification became effective on June 1 2011 and revised the former rules as follows:

The resignation of Thailand’s Securities and Exchange Commission chairman will help clarify listed company corporate governance requirements

Al Chandler of Chandler & Thong-ek Law Offices summarises the unique elements of Thai project financings

Following EU and US changes, a Bangkok judge clarifies the regulation of derivatives in the country and how to ensure futures are enforceable

Surprise: profit is the key motivation The stock exchange of Thailand (SET) is to increase its efforts to integrate its capital markets with other regional exchanges, amid increasing stock exchange competition in the region.

The exchange will integrate its capital markets with other regional exchanges amid increasing competition

On September 2 2010, the Central Administrative Court announced a decision which had the effect of lifting the injunction against all but two projects in Map Ta Phut. This will allow many projects to proceed with construction and operation, easing uncertainty about Thailand as a heavy industry investment destination.

As Thai police issue summonses to three KPMG partners responsible for liquidating Lehman Brothers, attention has turned to Lehman’s joint venture agreement with the complainant

As Thai police issue summonses to three KPMG partners responsible for liquidating Lehman Brothers, attention has turned to Lehman's joint venture agreement with the complainant, Destination Properties

One of the challenges in project financings in Thailand has been the absence of any legal security interest in inventories and work-in-progress, on bank accounts or moveable property that is not subject to mortgage. Thai law provides only traditional forms of security: mortgages of land and buildings, pledges, mortgages of registered machinery, vessels, aircraft and several other types of property, and sales with right of redemption.

Pradit Sahachaiyunta and Paul A Connelly of International Legal Counsellors Thailand examine recent trends and regulation affecting M&A