Day: February 4, 2021

In the current economic environment, many companies in Thailand are facing considerable challenges; in light of this, some companies may regrettably need to be dissolved and liquidated. This article will provide a basic overview of the dissolution and liquidation process including the main steps involved and key issues which shareholders and directors should be aware of before embarking on this course of action. Dissolution of a Company Limited In order for a company limited to be dissolved, it must have a suitable reason. Thailand’s Civil and Commercial Code (CCC or the ‘Code’) provides for various cases where a company may be dissolved, these are as follows: 1. If the company’s Articles of Association (AoA) provide for its dissolution in a certain case such as an event occurring; 2. If the company is established for a certain period of time then […]