Thailand collection profile

thailand-bnr

 

Collecting in Thailand

  • The payment behavior of Thai companies is fairly good, but regulations are limited when it comes to late payments.

  • Although domestic courts are fairly independent, the rule of law perception has margin for improvement, as procedural delays and costs may be an issue and enforcing court decisions can be challenging. Overall, use of the courts should be avoided and conducting pre-legal collection action is advisable.

  • Collecting debt from insolvent debtors is often extremely difficult, especially when the debt is not secured.

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    thailand

    Thailand

    Collection complexity

    severe-2


    Collection relating to

    Payments
    $-3
    Court
    proceedings
    Gav-4
    Insolvency
    proceedings
    Arrow-2
     

    Thailand

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