by Sabrina Bohn | Feb 13, 2024 | Business Law, Sanet Blog (Legal), Sanet Blog (Management), z_Blogs Business Law & Joint Venture, z_Blogs Restructuring
As a consultant and “cultural ambassador”, Sanet helps a German machine builder with its Joint Venture in Thailand.
The German machine manufacturer held 75% of a sales and service Joint Venture in Thailand. A Thai partner owned 25% of the shares and managed the business single-handedly and largely without any direct intervention by the German majority partner. Little attention was paid to the Thai subsidiary.
The earnings were okay, but the sales figures were not impressive enough to make the Thai company the focus of the group management. After the company was established in Thailand, the German Controller came once a year for the annual accounts and soon returned home without any major problems. Market shares, market policy and the local company management were largely unaware of the situation at headquarters.
The surprise came as soon as the Thai partner wanted to introduce a successor.
by Axel Denk | Mar 8, 2023 | Sanet Blog (Legal), Sanet Blog (Recruitment), z_Blogs Investment Consultancy
Sanet Legal provides an overview of developments on the free flow of skilled workers and professional services in ASEAN
by Axel Denk | Mar 7, 2023 | Sanet Blog (Legal), z_Blogs Visas & Work Permits
Sanet Legal explains the benefits of the Elite Visa for long-term residence in Thailand and provides legal advice on visas and work permits in Thailand.
by Axel Denk | Sep 19, 2022 | Sanet Blog (Legal), z_Blogs site evaluation & construction tender
You too are allowed to build a house in Thailand. However, certain legal conditions must be considered.
by Axel Denk | Aug 24, 2022 | Sanet Blog (Legal), z_Blogs Visas & Work Permits
Thailand grants ten-year visas to high-skilled experts, to the rich and to “work nomads”. But there are some hurdles to jump across.
