Thailand

Thailand has a well-developed infrastructure, a free-enterprise economy, generally pro-investment policies, and strong export industries, Thailand achieved steady growth due largely to industrial and agriculture exports - mostly electronics, agricultural commodities, automobiles and parts, and processed foods. Unemployment, at less than 1% of the labour force, stands as one of the lowest levels in the world, which puts upward pressure on wages in some industries. Thailand also attracts nearly 2.5 million migrant workers from neighbouring countries.

The Thai economy has weathered internal and external economic shocks in recent years. The global economic recession severely cut Thailand's exports, with most sectors experiencing double-digit drops. In late 2011 Thailand's recovery was interrupted by historic flooding in the industrial areas in Bangkok and its five surrounding provinces, crippling the manufacturing sector. The government approved flood mitigation projects worth $11.7 billion, which were started in 2012, to prevent similar economic damage, and an additional $75 billion for infrastructure over the following seven years. This was expected to lead to an economic upsurge but growth has remained slow, in part due to ongoing political unrest and resulting uncertainties.

Our Practice has the experience and knowledge of local laws and practices to represent and advise clients on their inbound and outbound transactions in or related to Thailand. Our team has been involved in transaction matters in relation to corporate and commercial, corporate restructuring, intellectual property, information technology and telecommunications, joint ventures, and mergers and acquisitions.

Our ASEAN Plus Group firm, Siam City Law Offices Limited, provides general business law services, such as corporate, securities, banking and finance, corporate recovery services, M&A, litigation and dispute resolution, taxation, expatriate services and real estate. They provide value-added service by offering clients the very best advice every time. Additionally, they are a fully-integrated legal and international business advisory team equipped with qualified and advocates in their Practice Areas.