Dear Clients and Colleagues,

This newsletter is to keep you informed of the recent legislation developments in Thailand and Myanmar. 
 

Thailand
Proposed Amendment to the Civil and Commercial Code of Thailand to Promote Small Business Enterprises. On 24th May 2016, the Ministry of Commerce proposed to the Cabinet a bill to amend the Civil and Commercial Code and the Cabinet accepted it in principle.  Under the bill, a limited company can be formed by at least 2 shareholders as compared to 3 shareholders under the current law.  Read More.

Relaxation of the Requirement for Obtaining a Factory License in Thailand. The Cabinet has approved in principle amendments to the Factory Act B.E. 2535 (1992) (the "Factory Act") to require a factory license only if a factory has 50 employees compared with 7 employees under the current Factory Act.  Read More.

Proposed Amendment to the Petroleum Act of Thailand.  On 24th June 2016, the National Legislative Assembly accepted the draft amendment to the Petroleum Act B.E. 2514 in principles after its first reading.  The draft amendment will allow for petroleum exploration and production activities to be carried out through a production sharing contract or through a services contract in addition to the concession which is the only way of participation under the current law.  Read More.

Myanmar
Trading Business for Foreigners in Myanmar.  On 7th July 2016, the Ministry of Commerce issued its Notification No. 56/2016 under the Export Import Law 2012 to allow local-foreign joint venture companies to trade construction materials as retail and wholesale.   Read More. 
 

For further information, please contact:

Kowit Somwaiya, Managing Partner, kowit.somwaiya@lawplusltd.com

Vincent Birot, Counsel, vincent.birot@lawplusltd.com     

Paramee Kerativitayanan, Associate, paramee.kerativitayanan@lawplultd.com        

Khin Htwe Myint, Advocate, khinhtwemyint@lawplultd.com        

Khin Khin Zaw, Advocate, khinkhinzaw@lawplultd.com        

LawPlus Ltd.
Unit 1401, 14^th Fl., Abdulrahim Place, 990 Rama IV Road, Bangkok 10500, Thailand
Tel. +66 (0)2 636 0662  Fax. +66 (0)2 636 0663
www.lawplusltd.com

LawPlus Myanmar Ltd.
Room 517 Yangon International Hotel, No. 330 Corner of Ahlone and Pyay Roads,
Dagon Township, Yangon Myanmar
Tel. +95 (0)92 6111 7006  Fax. +95 (0)92 6098 9752
www.lawplusltd.com