welovesundaysatspace Posted August 1, 2011 Posted August 1, 2011 An American company opens a branch in Thailand under the Amity Treaty. There are already two American directors who both sit in the US. Now they want to appoint a Managing Director who is foreigner but not American. Is that possible? I hears contradicting things: - our company lawyer from a top international law firm said that it's only possible if also a Thai person is registered as director who co-signs everything - on the Siam Legal website it is only said that 50% of the directors have to be American (which would be the case here: 2 US, 1 non-US foreigner) What's correct?
Sunbelt Asia Posted August 1, 2011 Posted August 1, 2011 The Board of Directors of an Amity Treaty company must have a majority of American or Thai citizens on the board. If there is a director who is neither American nor Thai than a Thai or American director must co-sign on all documents. [sunbelt][/sunbelt]
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now