Hughes Krupica’s small and focused team will act quickly and with diligence to assist you with your commercial transnational needs from transactions to disputes.
TRANSNATIONAL COMMERCIAL THAILAND
We can assist trading entities with the legal aspects of new supply chain routes into and out of Thailand, parties seeking distributors, investors seeking to benefit from Board of Investment incentives and promotions for promoted activities and parties facing the import/export system challenges.
Correct Application of Bilateral and Multilateral Investment Treaties for Investors
We can assist with an efficient, clear and concise legal overview of the application of Thailand’s Free Trade Agreements of which, depending on the planned supply and transport route, more than one may apply. If a business structure is being formulated to accommodate an export route, we can assist with potential Board of Investment incentive applications. If there will be contractual arrangements, we can assist with the contractual provisions and any risk mitigation strategies necessary to deal with changes to or non-applicability of trade agreements.
Import and Export – Regulatory, Licensing and Clearance Processes
Speed, Efficiency and certainty are crucial factors in establishing profitable trade routes and systems. Further, traders and intermediaries planning trade strategies will need clear indications of timing and price which may be affected by regulatory approvals, licensing, inspections and clearances. We can assist with the planning and implementation of these processes, and importantly distinguish between the role that legal advisors can play with the cost-effective use of shipping and clearance agents. In relation to highly regulated items, compliance awareness is heightened, and additional legal process planning may be required.
Sale and Purchase of Goods Agreements
Traders will have their own systems and styles but should consider regularly updating and adjusting terms to reflect changes in process, technology, risk allocation and to address any global issues, such as COVID19 and force majeure provisions. The INCOTERMS2020 do not address force majeure issues, so the parties must insert their own provisions, and can elect to adapt the ICC’s Force Majeure and hardship provisions adapted to their agreement. We will assist with the regularizing and modernising of your agreements with a view to maintaining simplicity and clarity.
This aspect of our transnational commercial practice is clearly linked with our Arbitration and Litigation practices. In relation to trade disputes specifically, we will of course adapt our practices to reflect the applicable law, the commercial objective of the party we represent and focus on settlement or pursuing a claim to the agreed stage of the relevant dispute resolution process. For certain disputes, it may be appropriate to involve state departments to find an amicable and efficient resolution to an issue and we will draw upon all relevant resources to assist.
Transnational Commercial Resources
Why Hughes Krupica?
FAST AND EFFICIENT TO MIRROR YOUR TRADE PRACTICES
We will ensure our deliverables are provided in an efficient and timely manner, so that your commercial timelines are prioritized. If we are amending agreements, we will take clear instructions and ask pertinent questions, and get on with our work whilst you carry out yours.
FOCUSED ADJUSTMENTS TO SALES AND TRADE RELATED AGREEMENTS
We will not amend contracts for the sake of amendment. Instead, we will make the adjustments necessary to localize, internationalize, and regularize your agreements to express responsibility, liability, risk and dispute resolution provisions with a high degree of certainty based on trade principles, rules and applicable law.
Transnational Commercial Specialists
WHO WE WORK WITH
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