Thailands Top 100 Lawyers 2023

Thailand's economic prospects for 2023 are set to fall short of expectations, with the growth forecast revised down from 3.5% to 2.7%. The main contributing factors to this downgrade are weaker-than-expected exports and a decrease in tourism spending, presenting significant challenges for the nation's economic outlook.

As the second-largest economy in Southeast Asia, Thailand is grappling with the impact of the global economic slowdown, a slow recovery in its primary trade partner, China, and a decline in investor confidence.

Despite these challenges, Thailand is actively pursuing economic revitalization and sustainability by transitioning into a technology-driven economy. The government has implemented substantial regulatory updates, including a comprehensive set of incentives designed to stimulate investment and improve economic infrastructure.

These measures encompass various benefits, ranging from tax exemptions to the establishment of newly promoted industry sectors and regional special investment zones, all aimed at attracting both existing and potential investors.

These incentives represent a significant step forward under the new Five-Year Investment Promotion Strategy unveiled in October 2022, set to run from 2023 to 2027. The overarching objective of this strategy is to reshape Thailand's economic landscape by encouraging investment in innovative, high-tech, and environmentally friendly industries.

Additionally, Thailand has recently enacted the Royal Decree on the Operation of Digital Platform Service Businesses, effective from August 21, 2023, to regulate digital platform service providers and protect consumer interests. The country is also in the process of developing crucial environmental legislation with the Draft Sustainable Packaging Management Act, aiming to establish systematic and sustainable management of packaging waste.

In this challenging yet dynamic environment, Asia Business Law Journal proudly presents Thailand's top 100 lawyers for 2023. The A-List is the result of meticulous research and nominations from in-house counsel in Thailand and abroad, as well as Thailand-focused partners at international law firms.

Client feedback submitted to Asia Business Law Journal underscores a strong demand for lawyers who can offer expert guidance, provide practical solutions, and adeptly navigate complex legal challenges with professionalism and precision.

In the domains of commercial disputes, M&A, and banking and finance, top Thai lawyers are emerging as trusted advisers, providing invaluable legal insights and solutions for clients seeking excellence in these dynamic sectors.

Ittinant Suwanjutha, a partner at the Bangkok-based international law firm IAS Advisory, exemplifies this trend. Nominated by Kornkrit Kitisin, senior vice president and CEO at real estate investment and management company Acomage Capital, Ittinant is praised for his professionalism, complete legal advice, and adept handling of business transactions and disputes.

Other notable lawyers on the A-List include Warathorn Wongsawangsiri, managing partner at Herbert Smith Freehills, recognized for his strategic approach and ability to simplify complex legal issues; Thanyaluck Thongrompo, a partner at Kudun & Partners, commended for her patience, solid solutions, and negotiation skills; and Pariyapol Kamolsilp, a partner at Kudun & Partners, applauded for his thoughtful and well-considered approach to legal matters.

In the realm of corporate ethics and regulatory compliance, lawyers like Wayu Suthisarnsuntorn, senior partner at Pisut & Partners, are acknowledged as experts guiding organizations through the intricacies of regulatory frameworks, ensuring ethical and lawful practices.

Thailand's legal landscape is marked by lawyers who not only possess legal expertise but also demonstrate a commitment to excellence, responsiveness, and strategic thinking, making them invaluable partners for businesses navigating the complex legal terrain.

See the A-List: https://law.asia/thailand-top-lawyers/

Source: https://law.asia/top-lawyers-thailand-2023/