New draft of FBA easier on foreigners – NLA version aims to restore confidence

New draft of FBA easier on foreigners - NLA version aims to restore confidence - Bangkok Post, March 13, 2007
A group of more than 50 members of the National Legislative Assembly have proposed a new draft Foreign Business Act potentially more friendly to foreign-owned joint ventures operating in Thailand than the government's version of the bill. A copy of the draft obtained by the Bangkok Post says that a business would not be automatically defined as foreign even if voting rights held by foreigners were more than 50% _ a controversial clause currently present in the government's own proposed FBA amendment...
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