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Steps needed to avoid legal disputes with US.
Byline: Aranee Jaiimsin
May 6--The Thai government must become more efficient and enact more ironclad laws in order to avoid unnecessary legal disputes with US investors once the Thailand-US free trade area (FTA) agreement takes effect, says a local researcher.
A proposal from Washington in the draft agreement states that commercial conflicts between the Thai government and US entities should be judged by international arbitrators instead of domestic courts in either country, according to Duenden Nikomborirak, research director for competition policy and consumer protection with the Thailand Development Research Institute (TDRI).
"The Thai ...
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Source: HighBeam Research, Steps needed to avoid legal disputes with US.