Practical Notes
Practical questions about investing, building and operating in Thailand.
5 results for your search
01Can one joint-venture shareholder block a meeting simply by not attending?
Sometimes, yes. Thai law sets a baseline quorum for a private-company shareholders’ meeting, but a joint venture can impose additional attendance requirements in its registered…
02Should a new shareholder sign the shareholders’ agreement before the share transfer is registered?
Usually, the safer transaction design is to make the incoming shareholder’s accession to the shareholders’ agreement part of closing rather than leave it until afterwards. But…
03What happens when a fixed-term joint venture expires but the business is still operating?
First determine what has actually expired. A fixed term in a shareholders’ agreement is not automatically the same thing as a fixed legal term of the Thai company itself. If the…
04What should a Thai company check before calling a shareholders’ meeting for a capital increase?
A capital increase should not start with a calendar invitation. For a Thai private company, issuing new shares requires a special resolution of the shareholders. Before the notice…
05Can all shareholders approve a resolution in writing instead of holding a meeting in Thailand?
Do not assume so. Thai private-company law does not contain the broad shareholder written-resolution mechanism found in some other jurisdictions, where members can simply sign a…
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