Best Funds & Asset Management Lawyers in Lat Krabang

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The PK PLUS LAW Office
Lat Krabang, Thailand

English
The PK Plus Law Office, founded by Attorney Prim Kongkaew, is a fully licensed and certified law firm based in Bangkok, Thailand. The firm specializes in civil law, family law, and property law, offering comprehensive legal services to both local and international clients. With a team of highly...

Founded in 2017
English
Sanet Group, established in 2003 in Germany and expanding to Thailand in 2004, has evolved into a comprehensive consultancy firm specializing in legal services, international trade, and business management within the ASEAN region. The firm comprises four dedicated sectors: Sanet Asian Advisors for...
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About Funds & Asset Management Law in Lat Krabang, Thailand

Funds and asset management in Lat Krabang, a district located in eastern Bangkok, operates under Thailand’s regulatory framework for financial services. This area of law covers the creation, management, and oversight of investment funds, trusts, and assets belonging to individuals or institutions. The Securities and Exchange Commission (SEC) of Thailand oversees much of the regulatory environment, ensuring transparency and the protection of investors. Asset management companies, mutual funds, private funds, and real estate investment trusts are all present in Lat Krabang due to its growing commercial and residential sectors. Navigating these services involves not only understanding national laws but also the nuances of local regulations and practices.

Why You May Need a Lawyer

There are several scenarios where legal help in funds and asset management becomes essential. Common reasons include:

  • Establishing or structuring a new investment fund or trust
  • Ensuring compliance with regulations set by the SEC or the Bank of Thailand
  • Drafting or reviewing fund management agreements
  • Resolving disputes between investors and fund managers
  • Handling issues with asset transfers, inheritances, or corporate asset allocation
  • Responding to allegations of fraud, misrepresentation, or breach of fiduciary duty
  • Assisting foreign investors in understanding local asset management practices
  • Guiding the liquidation or closure of funds
  • Assisting with tax implications of asset transfers and investments

A knowledgeable lawyer can provide crucial guidance, protect your interests, and help ensure that your fund or asset management activities comply with both local and national regulations.

Local Laws Overview

Funds and asset management activities in Lat Krabang are primarily governed by several national laws and regulations, with some practices influenced by local authorities:

  • The Securities and Exchange Act B.E. 2535 (1992) lays out requirements for setting up, operating, and supervising mutual funds and asset management firms
  • The Trust for Transactions in Capital Market Act facilitates the use of trusts designed for asset management within the capital markets
  • Regulations issued by the Bank of Thailand regulate investment activities that involve banking products and cross-border transactions
  • Tax regulations issued by the Revenue Department address the tax obligations of funds, managers, and investors
  • Anti-money laundering and anti-corruption laws that impact the operation of all financial services firms

Asset management companies and mutual funds must obtain licenses from the SEC, and regular reporting is required. For foreign investors, there may be additional scrutiny and disclosure obligations. Contracts relating to asset management, including those executed locally in Lat Krabang, must adhere to Thai civil and commercial codes.

Frequently Asked Questions

What does an asset management company do in Lat Krabang?

An asset management company in Lat Krabang manages investments on behalf of clients, which may include individuals, businesses, or institutional investors. Their services typically cover portfolio construction, financial planning, risk management, and compliance with regulatory obligations.

Do I need a license to manage assets for others in Lat Krabang?

Yes, anyone providing asset management services for a fee must be appropriately licensed by the SEC of Thailand, regardless of whether the firm is local or foreign owned.

Can foreigners invest in funds managed from Lat Krabang?

Foreigners can invest in Thai funds, but there may be additional requirements regarding disclosure, tax, and reporting, both under Thai law and the foreign investor’s home country laws.

What happens if a fund or asset manager is accused of misconduct?

If there are allegations of fraud, negligence, or breach of duty, the SEC and sometimes local police may investigate. Investors may have civil remedies, and criminal penalties could apply in severe cases.

Are there specific taxes applicable to funds in Lat Krabang?

Yes, taxes may apply to income, capital gains, dividends, and asset transfers, depending on the fund structure and investor’s status. The Revenue Department provides detailed guidance.

How are disputes between investors and fund managers resolved?

Disputes can often be settled through mediation or arbitration, but in some cases, they may go to court under Thai civil law.

What documentation is required to set up a new mutual fund?

Applications for new mutual funds require a fund prospectus, articles of incorporation, business plan, compliance manuals, and proof of sufficient capital, among other documents.

Is regulatory compliance different in Lat Krabang compared to other areas?

The primary laws and regulations are national, but some local variations may exist in administrative processes or enforcement focus due to local economic conditions or investment patterns.

Can I transfer assets into a trust for my heirs?

Yes, the Trust for Transactions in Capital Market Act allows for the creation of trusts that can be used in estate planning, but legal advice is crucial for proper setup and compliance.

How often do funds and asset managers report to authorities?

Reporting frequencies vary by fund type, but quarterly and annual submissions to the SEC and related tax authorities are common.

Additional Resources

If you need further information or wish to verify regulations and licensing status, consider reaching out to:

  • The Securities and Exchange Commission of Thailand
  • The Bank of Thailand
  • The Revenue Department of Thailand
  • Thai Asset Management Association
  • Legal aid offices in Lat Krabang or greater Bangkok
  • Local branches of international law firms with expertise in funds and asset management

Next Steps

If you are considering investing, setting up a fund, or have concerns regarding asset management in Lat Krabang, here is how you can proceed:

  • Gather relevant documents related to your funds or assets
  • Contact a licensed lawyer with experience in asset management and finance in Lat Krabang
  • Clearly outline your goals, concerns, or issues to the lawyer
  • Request a consultation to discuss legal options, compliance requirements, and risk factors
  • Work with your lawyer to draft or review agreements and ensure regulatory compliance
  • Stay proactive about keeping records and staying updated on legal and regulatory changes affecting your investments

Legal guidance ensures you are protected, compliant, and positioned to make informed decisions regarding your assets and investments in Lat Krabang, Thailand.

Lawzana helps you find the best lawyers and law firms in Lat Krabang through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Funds & Asset Management, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Lat Krabang, Thailand - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.