Class action legal proceedings are now available in Thailand

FRT Admin
Site administrator
May 1, 2015

The National Legislative Assembly of Thailand has passed a bill to allow class action legal proceedings, which has received royal endorsement and will be implemented in December 2015. This is a remarkable action in the Thai court system because prior to this bill, class actions were not available.  The legislation shares its similarities with the United States, but consists of notable changes in substance and procedure.Class action proceedings available in Thailand

In the bill, a class is defined by a group of persons who have the same interests and rights related to a breach of contract laws including environmental, consumer protection, labor, securities and stock exchange, as well as trade competition. The Court has full power to allow, define what constitutes a class, and terminate a class action. Class members may opt-out to pursue individual claims. A plaintiff has the power to proceed on behalf of all members with execution of the judgement. The establishment of class actions in Thailand are expected to increase the efficiency of the court by combining a large number of individual claims into one suit.

About FRT

U.S. CLAIMS  I  GLOBAL GROUP LITIGATION  I  ANTITRUST  I  LITIGATION MONITORING  I  BUYOUTS

Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

ABOUT FINANCIAL RECOVERY TECHNOLOGIES
SETTLED  I  NON-US GLOBAL OPT-IN  I  ANTITRUST  I  GLOBAL PASSIVE  I  DIRECT OPT-OUT  I  BUYOUTS

Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

 

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.