Month: September 2021

In the current economic environment, many investors are looking at buying or selling a company or its assets in Thailand. In relation to such transactions, there are a number of key steps which the parties should ordinarily follow. This article provides a basic overview of the main steps and key matters which buyers and sellers should be aware of at each stage. Step 1 – Parties to enter into a MOU or Letter of Intent The Buyer and Target Company enter into a MOU or preliminary arrangement such as a Letter of Intent (LOI) to discuss the purchase of the company/ asset and initial issues such as:      1. Due diligence by the buyer of the Target Company/ asset (through its lawyers, accountants and financiers) and the sharing of access with such parties and how such information shall be shared. Tip: […]

Every private limited company in Thailand must be managed by one of more directors who are under the control of the general meeting of the shareholders and in accordance with the Articles of Association (AoA) of the company. Company directors of a private company are important persons given that through the Board of Directors (BoD) they have the power to make many key decisions as well as fulfil a number of important functions such as the execution of documents and agreements on behalf of the company.1 This article shall provide an overview of key issues relating to appointing and removing a director from a private limited company including how each can be accomplished and legal issues to consider before making such changes to the directorship. Appointing a director to a private limited company in Thailand A director can be appointed […]