Share Transfers in Thailand for private limited companies and matters which a buyer should consider
When a party is considering whether to purchase shares in a private limited company in Thailand there are a number of important issues which they should consider and prepare for in order to safeguard their legal position in the transaction. This article shall discuss some of the most important issues which a buyer should contemplate before they enter into a share purchase transaction, including the need for a suitably drafted share sale & purchase agreement to underpin the transaction as well as the need to check if such shares are encumbered. Share Transfer Instrument At a bare minimum, we advise that a buyer should insist that the share sale and purchase transaction should be evidenced by a share transfer instrument which is signed, witnessed and dated by both the buyer and the seller (one original for each party to retain). […]
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