Monthly Archives - September 2016

Silk Legal Attends TAGLaw Asia-Pacific Regional Conference

Silk Legal attended the TAGLaw regional conference held in Singapore on 27 – 28 August, 2016. 59 People representing a variety of firms across SE Asia and the Pacific attended a full day seminar and two nights of networking. Silk Legal is excited to build new relationships and having the ability to offer our clients seamless legal and accounting works across the region.

Islamic finance: Leaning on Equity

Islamic finance albeit more popular in recent times, has been around for 1400 years. The essence of Islamic finance revolves around the simple notion that wealth must be preserved, invested and circulated. It is rather different from the conventional financial model in form and substance. The cornerstones are set on grounds of social justice. So what is the first thing that one must know about Islamic finance? This financial model, unlike its conventional counterpart, is not based on debt and [...]

Liquidating in Thailand: What Happens When You Need to Close a Company

For businesses seeking to close down shop in Thailand, the legal framework surrounding dissolution and liquidation of assets may seem daunting; however, failure to comply with these processes can generate ongoing fines and criminal liability for directors. Regardless of whether a company elects to, or is enjoined to liquidate, it should carefully follow the prescribed process in order to minimize losses and residual damages. This article provides an overview of key steps to be aware of when closing a [...]