Dear all,
Baker McKenzie Thailand has the following legal alert for the Chambers on the New Amendment to Thai Arbitration Act Paves Way for Foreign Arbitrators and Representatives to Act in Thai Arbitration Proceedings. Although attempts have been made for many years to portray Thailand as a competitive regional hub of international arbitration, legal and regulatory obstacles largely undermined the realization of this claim.
In particular, Thai law precluded foreign representatives from acting in arbitration proceedings governed by Thai law and conducted in Thailand, and foreign arbitrators appointed to adjudicate arbitration proceedings in Thailand were required to go through the laborious process of obtaining a work permit to do so.
On 25 January 2019, the Secretary of the Cabinet issued a letter confirming the National Legislative Assembly’s bill amending the Thai Arbitration Act B.E. 2545 (2002), which is designed to address these issues and improve the convenience of conducting arbitration proceedings in Thailand (“Amendment“).
The Amendment introduces new rules for the work of both foreign arbitrators and representatives in arbitration proceedings in Thailand.
Read More: Here