Category archives for: Legal Corner

Buying an Existing Business in Thailand

Buying an Existing Business in Thailand

What are the pros and cons of buying an existing business in Thailand vs. starting a new business?
Before you take over an existing business or start a new one, you should fully understand all the downsides related to both options.
An existing business already has an established customer base, an established location, inventory and suppliers, [...]

Getting Arrested in Thailand

Getting Arrested in Thailand

How long may police hold a suspect or alleged offender before charges must be filed?
According to Thai law and procedure, a suspect can be arrested and detained for a period of up to 48 hours in the police station for thorough investigation of the offense that has allegedly been committed, provided the arresting officers [...]

Thai Inheritance Law

Thai Inheritance Law

by Magna Carta Law Office

What happens to my assets in Thailand if I don’t have a last will and testament?
In Thailand, when a person dies without a last will and testament, the intestate’s assets must be distributed in accordance with the law. As stipulated in the Civil and Commercial Code Section 1629, there are six [...]

Thailand Leasehold System

Thailand Leasehold System

What is the leasehold system?
The leasehold system is a system of property tenure wherein a person, by paying a fixed sum or in installments, acquires the right to occupy a particular land or building for a pre-determined period of time. The owner of the building or land, commonly known as a landlord, hands over temporary [...]

Usufruct in Thailand

Usufruct in Thailand

by Magna Carta Law Office

What is a usufruct?
A usufruct is a legal right accorded to a person or party called the usufructuary. It is an ownership right to use, enjoy and manage someone else’s immovable property with the advantage of deriving income or benefit from it as long as the property is not in [...]

Thailand Labor and Employment

Thailand Labor and Employment

by Magna Carta
What are the standard working hours in Thailand?
An employee’s working time shall not exceed 8 hours per day or 48 hours per week. If the nature of work may be harmful to the health and safety of an employee, the working time shall not exceed seven hours per day or 42 hours per [...]

Thailand Labour Law – Severance Pay

Thailand Labour Law – Severance Pay

by: Magna Carta Law Office

What is severance pay?
In addition to any other kind of money agreed by the employer to pay to the employee, severance pay is the compensation that an employer provides to an employee who has been laid off or terminated, whose job has been eliminated, who through mutual agreement has decided to [...]

Marriage in Thailand

Marriage in Thailand

by: Magna Carta Law Office

What is betrothal?
Betrothal is an engagement or a mutual promise or contract for a future marriage. A betrothal takes effect only when the man and the woman have completed their 17th year of age. However, if a minor will conclude a betrothal, the consent of any of the following [...]

Accounting and Financial Reports

Accounting and Financial Reports

by: Magna Carta Law Office
What is a financial statement?
A financial statement is a formal record of the financial activities of a business, person, or other entity presenting the results of operations and the financial position of the company.
Who shall have the duty to keep accounts?
A registered partnership, public limited company, or limited company [...]

What is the ASEAN Economic Community about?

What is the ASEAN Economic Community about?

by: Magna Carta Law Office

What is the ASEAN Economic Community about?
The ongoing, intensive regional economic integration leads to the establishment of ASEAN Economic Community (AEC), a single regional common market of ASEAN countries by 2015.
The regional integration’s objective is to create by then a competitive market of over 600 million people with an approximate GDP [...]

1 - 15 December 2014

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