End of arbitration - April 2, 2004
As many construction folk read this site, we thought you
might be interested in this press release from AustCham:
Early this year the Thai Government passed a Cabinet
Resolution which states that any contract between a state
agency and a private entity (Thai or foreign) should not
include an arbitration clause. This means that arbitration
will no longer be a mechanism for settling any contract
disputes with the state agency. Should a party wish to
enter into a contract with a state agency and they wish
to include a clause for arbitration, this will be
considered by the Cabinet on a case by case basis. Furthermore
all contracts with state agencies must be in Thai language
with English (or other languages) only as unofficial translations.
This decision by the Government is of great concern and
as such, the National Academy of Criminal Justice will
hold a seminar to explain the consequences of the Cabinet
Resolution and seek feedback from both the local and foreign
business community. They also intend to report the feedback
they gather back to the Government.
Members who will be affected by this Cabinet Resolution
are invited to attend this seminar. It will be free of
charge and there will be simultaneous English translation.
Details of the seminar are supposed to be here,
but the link seems to be broken.
Mackenna Theater being torn down
Mackenna Theater being torn down
- March 26, 2004
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