The nine siblings of Surin Tohtubtiang, chairman and CEO of Kuang Pei San Food Products Plc, have agreed to reconcile with him before implementing the legal execution of a Supreme Court ruling in their favour.
Kuang Pei San Food Products Plc is the producer of Pumpui canned fish and other products.
The move -- after a six-year legal battle -- follows the court's decision on Monday to uphold an appeal court's ruling ordering Mr Surin and five other parties to transfer all shares and land pertaining to the family's 19 firms back to the family, with shares divided into 10 equal parts.
The siblings' next step is to file for the execution of Monday's court ruling within 30 days, said Somsak Toraksa, a lawyer representing the nine Tohtubtiang siblings.
However, he suggested the nine consider reconciling with Mr Surin first before implementing the court order.
Moreover, all 10 siblings must discuss in detail how to handle the family's land in order to ensure fair division, he said.
"We've agreed that this [family] conflict should now come to an end, while the legal execution can wait," he said.
Mr Surin will be invited to a meeting with his nine siblings, the lawyer said.
Sutham Tohtubtiang, the eldest brother of the family, said, "This 'minor conflict' is now over. I think it's usual for ... sisters and brothers in the same family to have these kinds of conflicts sometimes.
"And since the court has ruled this way and officially brought an end to our conflict, no one has actually won or lost. We are all still brothers and sisters who will be entitled to receive an equal part [in the family's assets]," he said.