Thailand amends provisions of Civil and Commercial Code related to business combinations

The Act to amend certain provisions governing limited companies under the Civil and Commercial Code (the Amended Code) was published in the Royal Gazette on 8 November 2022.

The Amended Code will become effective on 7 February 2023.

One of the key developments under the Amended Code is the introduction of new provisions on business combinations (Merger).

Companies planning a merger should monitor for the issuance of relevant guidance by the Thai Revenue Department to confirm whether this merger wil…