Tag Archives: business

Court Finds For Wife In Bitter Dentistry Feud

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A millionaire dentist who defeated her ex-husband’s “controlling” mother in a £10million court battle broke her silence over the bitter feud after the hearing concluded on Monday 28 October 2013 reports The London Standard  .

Dr Anushika Sharma and her family set up Aspire Dental Care Limited (ADC) which Dr Sharma, as sole director, helped grow into a successful business. The company shares were to be split in quarters between Dr Sharma, her mother-in-law, her husband and his brother, Raj.

However she found the “interference” of her dominant mother-in-law too much and broke away to establish five highly successful practices of her own. During the divorce proceedings, her husband’s family tried to argue that 75% of these business belonged to them, but the Court of Appeal disagreed.

In our experience, divorce proceedings can often turn nasty when it comes to dividing joint assets. In a Thailand divorce, any community property is considered joint, but we have seen this lead to arguments even between otherwise amicable divorcing spouses.

Read the full story here

Related Video:

Related Documents:

Thailand Divorce Law

Related Articles:

Thailand Marriage and Divorce: Thai Dream or Foreigner’s Nightmare?

 Marriage and Divorce in Thailand: When Love Turns Deadly

Offences Relating to Partnerships, Companies, Associations and Foundations

It is important for any foreign managing director of a Thai company to become familiar with the requirements of the Thailand Civil and Commercial Code so as not to unintentionally commit an offence.

More and more private limited companies registering in Thailand are being managed by foreign directors, who often lack any or any proper Thai language skills, and find themselves leaving the rules and regulations of Thai business law to their admin staff to handle.

If the  Civil and Commercial Code  is breached,  a managing director could be rendered liable for criminal penalties under the Act Determining Offences Relating to the Registered Partnership, Limited Partnership, Limited Company, Association and Foundation of 1956.

Even though this law has in fact been Thai law since 1956, few directors are aware of it and the impact it can have on them as individuals.

Relevant Document:

Offences Relating to Partnerships, Companies, Associations and Foundations

Virtual Currency Bitcoin Allegedly Banned In Thailand

Bitcoin, the virtual currency which is growing in popularity, has announced it has suspended trading in Thailand after officials allegedly declared it illegal.
 Bitcoin Company Limited says on its website that the central bank informed it on Monday that it’s now considered illegal to trade bitcoins, move them in or out of the country, or use them to buy or sell goods or services.
Thailand attorneys, Chaninat and Leeds specialize in Thai and international business law cases 
Some argue however that it is not as clear cut as that, and that the currency has not been banned and there has been a miscommunication of the facts.
Regardless of the present position, this is not the first time bitcoin has hit the headlines. In May, the US arrested one of bitcoin’s largest traders, declaring the monetary exchange service falsified financial documents.