Walter Bau case ultimately a plus

Business > Economics

INVESTMENT

Published: 19/09/2011 at 02:46 AM
Newspaper section: Business

Thailand's ongoing court case against Germany's Walter Bau AG will have a positive impact on investor confidence and give the government second thoughts about changing regulations that affect foreign investors' rights in the kingdom, says a leading law firm.

Instead of focusing on the negative sentiment the case created, partners at Baker & McKenzie see the legal dispute between the Thai government and the bankrupt German construction firm as setting a standard in terms of foreign investment protection.

The case stems from a Thai government contract with the German builder more than 20 years ago to build and operate a tollway to Don Mueang airport.

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About the author

: Writer: Nareerat Wiriyapong; Position: Business Reporter

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Asian Hand
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Discussion 1 : 19/09/2011 at 10:51 AM1
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The Thai Govt will never settle the Walter Bau case just like the way the Hopewell Holdings was treated as well and they left behind Thailand's equivalent to Stonehenge. Heh Baker and Mackenzie how about adding that one to the list?
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Walter Bau case ultimately a plus | Bangkok Post: business