Category archives for: Legal Corner

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 [...]

Thai Limited Company Formation

Thai Limited Company Formation

by: Magna Carta Law Office

Q: What types of business organizations can be registered in Thailand?
Businesses can be incorporated as sole proprietorships, limited and unlimited partnerships, private and public limited companies, branch offices, representative offices, and regional office headquarters. In most cases, Thai limited company is the most popular structure and ideally the first step in [...]

Marriage Visa in Thailand

Marriage Visa in Thailand

by: Magna Carta Law Office
What is Thailand Marriage Visa?
A Thailand marriage visa is the type of visa granted to the foreign spouse of Thai citizens wherein the holder is entitled to stay in Thailand for one calendar year.
How do I qualify for a Marriage Visa?
You can qualify to be granted a Marriage Visa if [...]

Thailand Bail Bond

Thailand Bail Bond

by: Magna Carta Law Office
What is Bail Bond?
A bail bond is one method used to obtain  a temporary release of an alleged offender or accused person awaiting trial on criminal charges from the custody of law enforcement officials, sometimes on condition that a sum of  money or other form is lodged to guarantee their appearances [...]

Notarization of Documents

Notarization of Documents

by: Magna Carta Law Office
What is notarization?
Notarization or notarial act is the official fraud-deterrent process of examining, certifying and record-keeping performed by a notary public or notarial services attorney that solidifies the important document as trustworthy. It is a requirement of many countries that personal or commercial documents originating from or signed in another country [...]

1 - 15 October 2014

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