Legal Updates for June 2020

COVID-19: Company Meetings and Filings in the Current Situation (Updated 11 June 2020)

The government has introduced several measures to alleviate the impact of COVID-19 on business operations in Thailand, namely, several notifications to relax requirements and obligations on the part of business operators. These include, among others, the requirements for corporate entities to hold their annual general meeting and submit financial statements and reports to the authorities

We had earlier issued a Client Update on “COVID-19: Company Meetings and Filings in the Current Situation” on 9 April 2020 and 23 April 2020. There have since been notable updates and developments in this area with regard to meetings via electronic media. This Update provides a summary of the updated measures and relevant guidelines as at 11 June 2020.

New Security Standards for E-meetings

The Ministry of Digital Economy and Society (“MDES”) has issued the MDES Notification on Standards for Maintenance of Security of Meetings Via Electronic Media B.E. 2563 (2020) (“MDES Notification on E-meeting”) containing new standards for the maintenance of security of meetings which take place via electronic media. The MDES Notification on E-meeting was published in the Royal Gazette on 26 May 2020 and came into force on 27 May 2020. It sets out detailed standards to be implemented when arranging a meeting via electronic media. This Update summarizes the key requirements set out in the MDES Notification on E-meeting.