Thailand

Hong Kong and Thailand: The Future of Asia – Hong Kong & Thailand Mutual...

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On 20 January 2021, the Hong Kong Securities and Futures Commission ("SFC") and the Office of the Securities and Exchange Commission of Thailand ("Thai SEC") jointly announced1 ("Announcement") that they had entered into a bilateral Memorandum of Understanding ("MOU") for the Mutual Recognition of Funds between the Hong Kong Special Administrative Region of the People's Republic of China and Thailand ("HK-TH MRF").2 The HK-TH MRF represents a significant additional step to foster closer ties and financial cooperation between Hong Kong and Thailand. It follows, amongst other existing arrangements, the long term co-operation between the Hong Kong Monetary Authority and Bank of Thailand to explore a Distributed Ledger Technology solution for cross border funds transfers known as project Inthanon - Lionrock3 and the Memorandum of Understanding on the Strengthening of Economic Relations signed on 29 November 2019 by the respective governments.4 In this Client Alert we provide an overview of some of the key aspects of the HK-TH MRF.

Thailand: Cosmeceuticals – New Legal Scheme and New Business Opportunities

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Even though the term "cosmeceutical" is not new from the global market perspective, such products are considered relatively new from the Thai legal perspective. The Thai Food and Drug Administration (FDA) has been working on finding a new product category for herbal-based/herbal-related products with health claims for quite some time and has recently introduced the Herbal Product Act B.E. 2562 (HPA). The HPA will, generally speaking, regulate and manage the herbal drugs and herbal products which cosmeceutical is part of.

International: Fintech Legal Accelerator: Cracking the Legal Code

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 In this recording of our introductory workshop, Baker McKenzie FinTech Legal Accelerator: Cracking the Legal Code, held as part of the Hong Kong FinTech Week...

Thailand – Additional details about the RCEP

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Further to our alert on the development of the Regional Comprehensive Economic Partnership (RCEP) negotiation (Link), we would like to share additional details about...

Thailand: Asia Pacific Competition Highlights, Q3 2020

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Draft guideline on unfair trade practices for food delivery platform operators OTCC announced amendments to the Unfair Guideline for FranchiseOTCC has completed a public consultation on its draft guidelines on unfair trade practices for food delivery platform operators. Further amendments to the OTCC's guidance for franchise businesses clarify details of "fair practice" if a franchisor wishes to open another franchise outlet in the same locality as existing franchisees.This update was published on 16 October 2020 as part of our quarterly newsletter, Asia Pacific Competition Highlights. Click here to access the full report, which covers the most notable antitrust developments across 11 Asia Pacific jurisdictions.

Thailand: Reigniting EVs

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If you are a manufacturer of electric vehicles or related parts, you should be interested in the new incentives discussed below.Against the backdrop of the Thai government’s policy to promote electric vehicles (EV) across the board and to create an EV manufacturing regional hub, the Thailand Board of Investment (BOI) recently announced a new investment promotion package for EV.

Global: A Guide to Regulatory Fintech Sandboxes Internationally

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Regulators around the world are responding quickly to the rapidly evolving financial technology, or fintech, landscape. As new or emerging financial products, services or...

International: COVID-19 Global guide on public contracting

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In light of the global pandemic, governments across the globe are faced with urgent needs whose immediate coverage is a matter of life and death. Hence, these unusual and uncertain times call for rare and exceptional measures, and without much ado, governments around the globe have provided them. Common to all approaches is the will to enable public contractors to procure the urgently needed supplies to save lives and contain the pandemic without major bureaucratic hurdles.

Thailand: Postponement of Thailand’s Personal Data Protection Act

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The Cabinet has acknowledged the necessity to postpone the effective date of the Personal Data Protection Act (PDPA).

Asia Pacific: Webinar: COVID-19 and Supply Chains: Navigating the Immediate, Changing, Mid- and Longer-Term...

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In continuation of Baker McKenzie's Asia Pacific webinar series on the business impact of COVID-19, we bring you another panel of legal practitioners to...
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