The new guidelines are intended to prevent the abuse of superior bargaining power, discrimination, and business obstruction when purchasers set credit terms with SMEs.

New regulations prohibit trade in meme tokens, fan tokens, non-fungible tokens, and native utility tokens in Thailand, and requires digital asset exchanges to revise their listing rules and conditions by July 10, 2021.

The new guidelines provide much sought-after clarity on several key points under the Law on Investment Promotion 2016, providing investors in Laos with a clearer framework, rooted in international standards, for securing investment promotion benefits.

Lawyers from Tilleke & Gibbins in Bangkok have updated the Thailand section of the Digital Business Global Guide, a Q&A-style guide from Thomson Reuters Practical Law that provides detailed information on the regulatory environment surrounding digital business operations in 38 countries around the world. The Thailand overview covers the following main topics: Regulatory overview Setting up and running a business online Cybersecurity, data privacy, and data protection implications Linking Domain names Jurisdiction and governing law Advertising/marketing Tax Protecting an online business Liability for products/services supplied online Insurance Reform Practical Law, produced by Thomson Reuters, is the world’s leading legal know-how resource for business lawyers, publishing a huge range of guides covering hundreds of jurisdictions and practice areas. The full Digital Business in Thailand: Overview is available on the Practical Law website.