Jonathan Goacher

Jonathan Goacher

DLA Piper

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New Thai insurance acts facilitate foreign ownership of insurers

The Life and Non-Life Insurance Acts (No. 3) were issued earlier this month. Their provisions make it substantially easier for permission for majority or total foreign ownership of insurers to be granted, and also regulate...more

3/19/2015 - Creditors Creditors' Rights Foreign Ownership Insurers Licenses Liquidation Shareholders Thailand

New investment regulations for Thai insurers become effective

On 25th October 2013, new regulations became effective which govern how life and non-life insurers in Thailand may conduct investment and engage in other business. While the regulations are lengthy and detailed, we have...more

11/1/2013 - Insurers Investment Portfolios Recordkeeping Requirements Reporting Requirements

US investors into Thailand leverage two incentives

Foreign investment and business participation in Thailand is often heavily regulated. The Foreign Business Act 1999 effectively closes the Thai market for services and certain other sectors to outside competition. That Act...more

10/24/2013 - Foreign Business Partners Foreign Investment Trade Policy

Thailand - New Law Regulating Insurance Company Receipt And Payment Of Monies, Audit Measures And Internal Control

The Office of the Insurance Commissioner (OIC) will be announcing the implementation of a new regulation that intends to encourage good corporate governance, accountability practice measures within insurance companies (both...more

7/4/2013 - Audits Corporate Governance Insurance Companies Insurance Reform Internal Controls

Thailand - New Law Regulating Investment In Other Business Of Insurance Companies

The current regulations governing the investments of insurance companies are (i) the Notification of the Ministry of Commerce Re: Investment in other business by insurance companies B.E. 2547 (2004) and its amendments, and...more

7/3/2013 - Compliance Foreign Investment Investment Corporations New Legislation New Regulations

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