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BOI Announcement Related to Cluster Development

According to BOI announcement no. 10/2558, the Thai Board of Investment (“BOI”) has launched a new program called “Moving Ahead with Cluster Development” on 23 Nov. 2015. Its purpose is to strengthen the value chain and consequently creating future industries, enhance investment competencies to attract value-added investment from existing and new investment, and to decentralize…

Purchaser Protection under the Thai Land Development Act

It is a rather unknown fact among foreign property purchasers, in particular in tourist resort destinations in southern Thailand, that Thai property law sets forth a strict regime for development of real estate projects. One significant piece of legislation in this context is the Land Development Act, B.E. 2543 (2000) (hereinafter referred to as “LDA”)….

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