Foreign Business Act stopped

Foreign Business Act stopped - Bangkok Post, August 9, 2007
... Diplomats have said the new law, which already tightened restrictions on new foreign investment by defining ownership in terms of voting rights instead of shareholding, would trigger a challenge at the World Trade Organisation.
Despite this, analysts say the government's draft left scope for foreigners to control the companies in which they invested by having a majority presence on the board -- a loophole the last-minute addition was designed to close...
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