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Siam Legal Phuket Advises on Thailand's Crackdown on Nominee Firms Affecting Foreign Investors

Siam Legal Phuket Advises on Thailand's Crackdown on Nominee Firms Affecting Foreign Investors

Siam Legal International, a law firm based in Phuket, is advising foreign investors on the legal implications following Thailand's intensified enforcement against nominee structures. This comes after the Department of Business Development, in collaboration with other government agencies, shut down four companies in Chon Buri province. These companies were suspected of using Thai nominee shareholders to bypass foreign ownership restrictions under the Foreign Business Act. The enforcement targeted businesses in the tourism and property sectors, allegedly controlled by foreign interests through indirect shareholding. Authorities found patterns of corporate structuring designed to evade legal ownership limits, with some companies registered under the same address and linked to a single Thai national. This crackdown included revoking licenses for tour operators not meeting statutory director requirements, with further investigations ongoing.
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Thailand Cracks Down on Nominee Firms, Impacting Foreign Investors

Thailand Cracks Down on Nominee Firms, Impacting Foreign Investors

Siam Legal International, a law firm based in Phuket, is advising foreign investors on the implications of Thailand's crackdown on nominee firms. The Department of Business Development, along with other government agencies, has shut down four companies in Chon Buri province for using Thai nominee shareholders to bypass foreign ownership restrictions under the Foreign Business Act. This enforcement action targeted businesses in the tourism and property sectors, revealing corporate structures designed to circumvent legal ownership limits. The crackdown reflects a shift towards stricter scrutiny of nominee arrangements, with potential criminal penalties for violations.
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Thailand Intensifies Crackdown on Nominee Firms, Impacting Foreign Investors

Thailand Intensifies Crackdown on Nominee Firms, Impacting Foreign Investors

Siam Legal International, a law firm based in Phuket, is advising foreign investors on the legal implications following Thailand's crackdown on nominee firms. The Department of Business Development, in collaboration with other government agencies, has shut down four companies in Chon Buri province suspected of using Thai nominee shareholders to bypass foreign ownership restrictions under the Foreign Business Act. This enforcement action targeted tourism and property-related businesses controlled by foreign interests through indirect shareholding arrangements. The crackdown reflects a shift towards stricter scrutiny of nominee arrangements, with authorities identifying patterns of corporate structuring designed to circumvent legal ownership limits.
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Thailand Advances Mandatory Tourist Insurance Amid Rising Medical Costs

Thailand Advances Mandatory Tourist Insurance Amid Rising Medical Costs

Thailand is moving forward with plans to require international tourists to obtain accident insurance before entering the country. This initiative is in response to increasing unpaid medical bills from foreign patients, which are straining the public healthcare system. The Ministry of Public Health estimates that unpaid bills amount to at least THB100m annually, with Phuket and Chiang Mai being heavily affected. Hospitals are ethically obligated to provide emergency treatment, often absorbing costs when patients cannot pay. Despite the relatively low cost of travel insurance, uptake among travelers remains inconsistent. Policymakers are considering mandatory insurance as a viable solution, alongside a proposed THB300 entry fee for air passengers.
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Wilson Sonsini Expands Hong Kong Office with Antitrust Hire

Wilson Sonsini Expands Hong Kong Office with Antitrust Hire

Wilson Sonsini Expands Hong Kong Office with Antitrust Hire
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Wilson Sonsini Expands Hong Kong Office with Antitrust Expert Jocelyn Chow

Wilson Sonsini Expands Hong Kong Office with Antitrust Expert Jocelyn Chow

Wilson Sonsini Expands Hong Kong Office with Antitrust Expert Jocelyn Chow
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The Unique Tourism Collection Appoints Victoria Jaworskyj as Senior Account Director

The Unique Tourism Collection Appoints Victoria Jaworskyj as Senior Account Director

The Unique Tourism Collection Appoints Victoria Jaworskyj as Senior Account Director
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Paramount Skydance Secures $24 Billion from Middle Eastern Funds for Warner Bros. Acquisition

Paramount Skydance Secures $24 Billion from Middle Eastern Funds for Warner Bros. Acquisition

Paramount Skydance Secures $24 Billion from Middle Eastern Funds for Warner Bros. Acquisition
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U.S. Lawmakers Push for Unified Site-Blocking Bill to Combat Online Piracy

U.S. Lawmakers Push for Unified Site-Blocking Bill to Combat Online Piracy

U.S. lawmakers are working on a unified site-blocking bill aimed at combating online piracy by requiring internet service providers (ISPs) and large DNS providers to block foreign pirate sites. This legislative effort is being led by Senator Thom Tillis and Representative Zoe Lofgren, who are combining their separate proposals into a single piece of legislation. The initiative follows a recent Supreme Court decision that reshaped the piracy liability landscape, making it more challenging to hold ISPs accountable for pirating activities of subscribers. The proposed legislation, which includes the Block BEARD Act and the Foreign Anti-Digital Piracy Act (FADPA), seeks to address these challenges by targeting both ISPs and DNS resolvers. The inclusion of DNS providers is significant as it involves major tech companies like Google and Cloudflare. The bill is still in draft form, and its introduction timeline is uncertain, but it is expected to be introduced before Senator Tillis's term ends in January 2027.
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US Supreme Court clears way for dismissal of case against Trump ally Steve Bannon

US Supreme Court clears way for dismissal of case against Trump ally Steve Bannon

By John Kruzel WASHINGTON, April 6 (Reuters) - The U.S. Supreme Court cleared the way on Monday for the Justice Department to move forward with dismissing a criminal case in which Steve Bannon, an influential ally of President Donald Trump, was convicted after defying a congressional subpoena.
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Federal Appeals Court Reinstates $656 Million Judgment Against Palestinian Authorities

Federal Appeals Court Reinstates $656 Million Judgment Against Palestinian Authorities

A federal appeals court in New York has reinstated a $656 million judgment against the Palestine Liberation Organization (PLO) and the Palestinian Authority. This decision follows a U.S. Supreme Court ruling that allows American courts to hear claims against these Palestinian entities. The original judgment was related to a civil terrorism award tied to violence in Israel, which had been previously dismissed by the appeals court on the grounds that U.S. courts could not consider lawsuits against foreign groups for overseas attacks not aimed at the United States. However, the Supreme Court's decision in June 2025 upheld a 2019 law permitting such lawsuits, leading to the reinstatement of the judgment.
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Florida Appeals Court Ruling May Reopen Workers' Compensation Claims

Florida Appeals Court Ruling May Reopen Workers' Compensation Claims

A recent decision by a Florida appeals court has reinterpreted a 32-year-old workers' compensation statute, potentially extending the statute of limitations on many injury claims. This ruling could lead to the reopening of numerous cases across the state. The case, known as Estes vs. Palm Beach County School District, involved a teacher injured in 2021. The court found that previous interpretations of the statute were incorrect, allowing for a longer period to file claims. The decision has significant implications for pending and future claims, particularly those involving permanent disability. Legal experts suggest that this could affect hundreds of cases, as the new interpretation allows the statute of limitations to restart one year after the last medical treatment or benefit payment.