ASLI Working Paper Series

Publication Title Controlling Controlling Shareholders in Thai Private Companies
Publisher Asian Law Institute
Series WPS041
Publication Date Jan 2018
Author/Speaker Nilubol Lertnuwat
This paper discusses how controlling shareholders dominate the company and examines how Thai laws, particularly the Civil and Commercial Code which governs private companies, prevent controlling shareholders from exploiting the benefits of the company and non-controlling shareholders and provide remedies for both the company and non-controlling shareholders. The author argues that the legal mechanisms for deterring controlling shareholders from wrongdoing and providing remedies are not effective enough.
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