Amend­ments to the in­vest­ment Pro­mo­tion Act

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

The Thai Cab­i­net has amended the In­vest­ment Pro­mo­tion Act to in­clude a num­ber of changes such as en­abling the board mem­ber( s) or ad­viser( s) to the Board of In­vest­ment who have al­ready com- pleted their terms to main­tain their po­si­tions un­til a re­place­ment is ap­pointed by the Thai gov­ern­ment ( al­though the ex­tended ten­ure will not be more 120 days). The amend­ments are now in the process of be­ing drafted at the Coun- cil of State and are sub­ject to fur­ther change. It is likely to be an­other six months be­fore they come into ef­fect.

For more in­for­ma­tion con­tact DFDL at su­radech@ dfdl. com.

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