Joint Legal & SBE Committee: SME Credit Term Limitation
The Trade Competition Commission’s new law, which has been fully enforceable since 16 December 2021, limits the maximum length of credit terms which can be requested from SME sellers and service providers at 30 or 45 days, depending on the types of products/services. For SME sellers and service providers, this law provides much-needed relief during this economic crisis.
For the buyers, this law has certain restrictive mechanisms that must be followed, many of which will have material implications on both operational and financial sides. The webinar is designed to provide a quick but thorough explanation about the basics of this law, plus navigational recommendations for both sides, to assist companies to properly maneuver through this new regulation with ease or as little impact as possible.
Pranat Laohapairoj, Partner, Chandler MHM Limited.
Pranat is a Partner at Chandler MHM Limited, and has been with the firm since 2012. He has extensive experience advising clients on mergers and acquisitions, anti-trust issues, compliance, and data protection. He regularly works on both domestic Thai transactions as well as on major cross-border investments. His sector experience is broad spanning numerous sectors. He holds a J.D. from Syracuse University College of Law and is admitted to the Bar in the State of New York.