Ex­pan­sion of Thai Anti- Cor­rup­tion Laws

Thai-American Business (T-AB) Magazine - - Legal Updates -

Re­cent amend­ments to the Or­ganic Act on Counter Cor­rup­tion, B. E. 2542 ( the Or­ganic Act) have ex­panded the scope of Thai anti- cor­rup­tion laws ( the Amend­ments). The pro­vi­sions of the Amend­ments that are most im­por­tant or have re­ceived the most press con­cern are: ( 1) ap­pli­ca­tion of the Or­ganic Act to “For­eign Of­fi­cials” ( a de­fined term); ( 2) pro­vi­sions that es­sen­tially im­pose strict li­a­bil­ity on com­pa­nies for cor­rupt acts of “as­so­ci­ated per­sons” of that com­pany; and ( 3) the ex­pan­sion of the death penalty as a sanc­tion for par­tic­i­pat­ing in cor­rupt acts.

For more in­for­ma­tion con­tact Price Sanond at dman­cill@ price­sanond. com

Newspapers in English

Newspapers from Thailand

© PressReader. All rights reserved.