The first enactment of Thailand’s Interest Overcharging Law, which came into effect in 1932, prohibited any person from loaning money to another person and subsequently charging them interest at a rate that exceeded the rate prescribed by the law.
Eighty-five years later, Thailand finally promulgated a new law focused on this topic called “The Act Prohibiting the Collection of Interest at an Excessive Rate B.E. 2560 (2017)” on January 15, 2017. The new law was made effective the following day, repealing the 1932 version.
A key element of this new law is the enhanced stringent penalties imposed on any person who loans money to an individual and then levies interest on repayments at a rate exceeding that permitted by law. This action will result in the offender facing criminal sanctions amounting to imprisonment for no more than two years, a fine of not more than THB 200,000, or both. These penalties are significantly stricter than those meted out under the previous Act, which only imposed up to a one-year imprisonment term, a fine of not more than THB 1,000, or both.
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I de siste årene har jeg sagt til venner at jeg skal til Terjes.. Snakker vi om Kåres, så er det baren hans i Buriram.. Så jeg lurer på hva dere andre sier, når dere skal til Kåres? 
Kanskje det burde hete Terje’s? Eller er Kåres så innarbeidet?
NordCham Philippines, in collaboration with the British, the French Chamber, the German Chamber, the Italian Chamber, the Spanish Chamber, and the Philippine-Netherlands Business Council invite to the 3rd Joint Economic Briefing at the Dusit Thani Manila on June 8, 2017. The Joint Economic Briefing, carrying the theme “Sustainability of Foreign Direct Investments in the Philippines”,…