Virtual reality (VR) describes a computer-generated simulation of a three-dimensional (3D) space, which allows users to feel as if they are exploring a physical environment. To achieve this effect, a user wears a headset that performs the dual functions of displaying the 3D images and blocking out physical reality. By tracking the movements of the user’s head, the displayed images may be adjusted to create the sense of being able to view an environment in 360 degrees.

This article was first published in the Data Privacy Asia Newsletter. For Part 1 of this series, please click here.

This article was first published in the Data Privacy Asia Newsletter.

The 2017 edition of Doing Business In…, a Q&A-style guide published by Practical Law Company in collaboration with Lex Mundi, presents an overview of recent legal developments affecting doing business in 51 jurisdictions worldwide. The Thailand chapter of the guide was written by attorneys from Tilleke & Gibbins and presents an overview of Thailand’s legal system and key laws applicable to foreign companies doing business in the Kingdom. The chapter specifically covers the following main topics:

The first enactment of Thailand’s Interest Overcharging Law, which came into effect in 1932, prohibited any person from loaning money to another person and subsequently charging them interest at a rate that exceeded the rate prescribed by the law.Eighty-five years later, Thailand finally promulgated a new law focused on this topic called “The Act Prohibiting the Collection of Interest at an Excessive Rate B.E. 2560 (2017)” on January 15, 2017. The new law was made effective the following day, repealing the 1932 version.

With a population approaching 100 million, a burgeoning health care industry, increasing consumer affluence, and relatively weak competition from local pharmaceutical manufacturers, Vietnam would appear to be a very promising market for foreign pharmaceutical companies. A study of the pharmaceutical patent filing statistics in Vietnam reveals that foreign investors are indeed interested in the market—but perhaps are not protecting their innovations to the extent we might expect by filing patents. In this article, we examine the most recent available statistics on:

The Thai government’s attempts to revamp the 2007 Computer Crimes Act (CCA) and grant authorities more power to investigate and apprehend perpetrators of increasingly diverse cybercrimes has raised consternation among internet users who fear the new and more stringent law may impinge on human rights and place restrictions on online activity in the country.

The Ministry of Finance has issued two separate Notifications, published yesterday, with immediate effect, in the Government Gazette, that will relax the foreign shareholding and board limits for life and non-life insurance companies, for the purpose of promoting stability for insurance companies and the insurance industry.