The electronic signature (“e-signature”) of contracts in Thailand is regulated by the Electronic Transactions Act B.E. 2544 (“ETA”). The law represents a significant facilitation of business transactions in Thailand. Even foreigners can use the e-signature to process their contractual agreements with Thai companies. However, this does not apply to every contract, so you should always exercise caution when using electronic signatures.
Have you ever thought about signing a contract without holding the documents in your hand? Sanet Legal & Accountancy the Thai, English and German speaking lawyers in Thailand, will clarify whether and how this is permissible and when such contracts are legally binding.
The “Eastern Seaboard Stammtisch” regularly invites managers based in the important industrial region around the deep-sea port of Laem Chabang to insightful events on legal and economic issues in Thailand.
A particularly well-received event took place on September 13, 2024. The guest speaker was the managing partner of Sanet Legal & Accountancy, Mag. Fabian Sonntagbauer LL.M.
As a general rule, a bonus agreement in a Thai employment contract is a voluntary benefit. However, under certain circumstances it may become mandatory. A clause that would eliminate the bonus in the event of a negative annual result would also be unlawful.
In the business world, employers particularly value those employees who perform productive work and are committed to the company. Many employers therefore offer employees the chance of a bonus in order to motivate them to work hard and commit to the company. Employees are usually paid such a bonus at the end of the year, depending on their performance. The amount of the bonus is at the discretion of the employer.
Yet, a legal dispute often arises when the employer exercises its discretion not to pay a bonus to individual employees or to all employees. The Thai Supreme Court has now delivered a judgment on the bonus in the Thai employment contract.
Admittedly, a proper recruitment process cannot be completed in two or three weeks. Admittedly, too, that using CREATING CAREERS to search for shop floor or unskilled employees goes beyond the time and financial scope for such positions. A good HR manager is the best choice here. He knows his people, he is aware of their social situation and a good HR manager also knows how to keep staff turnover within limits.
It is particularly true that it is extremely difficult to describe and prove the quality of a recruitment process unless you can present evidence from a successfully completed recruitment assignment. We strive to strengthen all of these three tools:
As India emerges as a key player in the global economy, businesses worldwide are recognizing its potential as a top investment destination. For a seamless and effective expansion into India, choosing the right partner with extensive experience is crucial.
For companies considering expansion into the Indian market, our long-standing partner, the Dr. Wamser + Batra Group (WB), offers unparalleled expertise and support. Established in 2003, WB offers a comprehensive range of services, including market entry, sales development and optimisation, procurement and production, recruitment, crisis and interim management. WB also provides tax and auditing services. To date, WB has successfully assisted around 750 German and European clients. With a proven track record, WB is a reliable partner both in Europe and locally, supporting companies in every phase of their operations.
