Due Diligence in Thailand
Due diligence in Thailand is a critical procedural and legal safeguard used to assess the legal, financial, and operational risks associated with investments, mergers and acquisitions (M&A), real estate transactions, joint ventures, and regulatory compliance. While the scope of due diligence may vary depending on the transaction type, the core objective remains consistent: to provide decision-makers with verified information to identify hidden liabilities and mitigate exposure. In the Thai legal context, due diligence is not a statutory requirement per se but has become customary best practice in both private and institutional transactions. The process draws from Thailand’s civil law system , registry-based property regime , and administrative licensing structure , which together require a fact-based, document-intensive inquiry. II. Legal and Institutional Context A. Absence of Unified Code Unlike in some common law jurisdictions, there is no standalone “Due Diligence Act” in ...