Thailand’s economy in recent years has felt the impact of a seemingly endless list of challenges, such as the COVID-19 pandemic, global economic recession, repercussions from wars and armed conflicts, slumping exports, and recurring internal political turmoil. Many Thai companies simply went bankrupt during this time, but many others have gone through the process of business rehabilitation as laid out in Thailand’s Bankruptcy Act. This article outlines Thailand’s business rehabilitation procedures and explains how creditors can collect debts from companies involved in rehabilitation. Business rehabilitation in Thailand Under the Bankruptcy Act, a creditor, debtor, or government agency under certain circumstances can file a business rehabilitation petition when all of the following conditions are met: The debtor is insolvent or unable to pay the debt due for payment (cash-flow insolvency). The debtor is a juristic person indebted to one or more creditors for a total of at least 10 million baht. The debt can be determined in a definite amount, irrespective of whether it is due for payment immediately or in the future. There is a reasonable prospect of the debtor’s business being rehabilitated. “Insolvency” means a debtor has more debts than assets. However, the Bankruptcy Act also gives some criteria for being able to assume that a debtor is insolvent. Examples include debtors declaring to the court that they are unable to pay their debts, or debtors defaulting on debt payments after receiving at least two demand letters from a creditor (with at least 30 days between the letters). Once the court receives a business rehabilitation petition, the debtor will be protected under an “automatic stay.” This means that any creditor cannot sue or force the debtor to pay a debt, and the debtor is not allowed to pay any debt unless it falls into one of the exceptions

On November 30, 2023, Vietnam’s Ministry of Science and Technology issued Circular No. 23/2023/TT-BKHCN detailing the implementation of some articles of the 2022 Intellectual Property Law (“IP Law”) and Decree No. 65/2023/ND-CP with respect to the establishment and protection of industrial property rights (“Circular 23”). Circular 23 took immediate effect upon issuance and provides further guidance and necessary clarifications for the implementation of the IP Law, which took effect on January 1, 2023. Some of the most critical provisions of Circular 23 related to the establishment of IP rights are discussed below. Common Procedures Circular 23 enumerates and details the cases where an application will be re-examined, as stipulated in various articles of the IP Law. The circular also adds the procedure in which a protection title can be partially granted, as newly stipulated in Article 118 of the IP Law. The procedure applies to patent, industrial design, and trademark applications. Grounds for IP rights invalidation are further detailed in the new circular. On the patent side, it provides a list of situations where claims are deemed to go beyond the scope of the specification. For trademark registrations, it specifically defines two conditions in which “bad faith” grounds can be used to cancel a registration. The circular sets out the procedure for opposing an application, as stipulated in the new Article 112a of the IP Law. Unlike previous regulations, Circular 23 sets out that the IP Office will inform the applicant of all oppositions (whether or not the opposition is grounded), except for obvious cases where the IP Office will consider the registrability of an opposed mark without informing the applicant. To facilitate applicants and related parties, some timeframes have been extended from one to two months. This includes, for example, the time limit for the applicant and the

Thailand’s Ministry of Interior has extended the deadlines for payment of the 2024 land and building tax and related procedures by two months. The announcement was published in the Government Gazette on November 30, 2023. According to the new timeline in the ministry’s announcement, the official land and building tax assessment forms will be sent to taxpayers by the end of April 2024 (extended from February 2024) while the deadline for payment of land and building tax has been extended to June 30, 2024 (from April 30, 2024). For payments made in installments, the announcement also extended the deadline for each installment as follows: For more details on these measures, or any aspect of Thailand’s land and building tax, please contact Chaiwat Keratisuthisathorn at [email protected] or Supranee Arjjit at [email protected].

On November 13, 2023, the Directorate General of Intellectual Property (DGIP) of Indonesia’s Ministry of Law and Human Rights held an offline workshop regarding intellectual property (IP).  One of the main discussion topics was the socialization of the proposed amendments to the Industrial Design Law. The proposed amendments to the Industrial Design Law contain a number of important changes, as outlined below. Industrial design definition The definition of an industrial design is clarified and emphasized in the draft law. An object protected through industrial design rights is “the outer appearance of a product,” gives an “aesthetic impression,” can be protected in whole or in part, and may be two- or three-dimensional. Registration system The protection period for industrial designs set by the draft law is 5 years, renewable for up to two additional five-year terms. This differs from the period provided under the current law, which is 10 years from the filing date, nonrenewable. Recordal system The draft law introduces a recordal system particularly for designs that have a relatively short commercial turnaround time, such as textile products. Recorded designs have a protection period of three years from the first publication. The recorded designs can become registered design applications by filing the design through the DGIP’s registration system no later than 12 months from its first publication. Details regarding the recordal system are not yet available. Nonregistrable industrial designs The draft law clarifies that the following are not registrable as industrial designs: Designs that do not give an aesthetic impression; Designs whose features are for purposes of technical functioning only; Folklore or traditional cultural expressions that have not been developed further; Designs contrary to the provisions of laws and regulations, public order, religion, or morality; and Designs filed in bad faith. International design applications The new law introduces a