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19 September 2008

queaky clean bank boardscourtesy of Thailand's new Financial Institutions Development Act


Laws passed by the coup-appointed National Legislative Assembly (NLA) last year are causing a lot of changes in the way that business is conducted in Thailand.

Many would argue changes for the better, despite the fact that they were passed by a coup-appointed legislature. Much of the legislation was also railroaded through in a rush that left little time for the laws to be reviewed by members of the NLA

One theory is that much of the legislation passed was legislation left over from previous sessions of parliament that didn't make its way into law because it infringed on powerful vested interests in some way.

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