Term | Main definition |
---|---|
Forbearance |
Term in contract law, refraining from doing something that one has a legal right to do, giving of further time for repayment of an obligation or agreement (not to enforce a claim at its due date).
|
FET form |
The official statement (Foreign Exchange Transaction (reporting) form) between a licensed financial institution (Thai bank) and the Bank of Thailand required for reporting any overseas remittance and exchange of foreign currencies of more than 50.000 USD (or equivalent in other currencies) into Thai baht in Thailand.
|
Family Law |
The area of law that deals with family relationships, rights, duties (particularly marriage, adoption, divorce, custody, maintenance), or more general, laws dealing with matters of impact on family relationships.
|
Escrow |
Money or other goods transferred to a neutral third party (Thailand requires this to be a licensed (financial) institution under the Thailand Business Escrow Act) and held by this party on behalf of contract parties pending fulfilment of some condition of a contract.
|
En ventre sa mere |
French language for 'in his/her mother's womb' or 'in his/her mother's belly'. Standard legal language and refers to the unborn child (fetus in utero) which is accepted to be a minor, provided it is subsequently born alive. Found for example in section 15 Thailand Civil and Commercial Code second paragraph: 'the unborn child (in his mother's womb) is capable of rights provided that it is thereafter born alive.'
|
Due diligence |
the performance of an investigation with a certain standard of care and caution of a property, person or business before involving in an investment or entering into a contract with another party.
|
Domicile | |
Divorce |
Under Thai law the legal dissolution of a marriage by a court (section 1516 Civil Code) or agreed (mutual consent) and applied in person by both spouses before the competent government body (Amphur) and registered in the Marriage Register (section 1514 Civil Code).
|
Del credere |
Legal term for an arrangement in which an agent takes possession and agrees to sell goods for another and who guarantees that a buyer is trustworthy and, in case the buyer defaults, compensates the principal (translation: for believe or trust).
|
De Cujus |
Civil legal/ law term in relation to inheritance and sussession laws of the deceased as the testator.
|
Condominium |
A multi unit residential building where each person is able to hold personal freehold ownership of his or her apartment unit and joint ownership in common areas of the building. What defines a condominium, as opposed to general unlicensed multi unit apartment buildings (not licensed under condominium laws), is the form of ownership.
|
Competent Authority |
A term used in various clauses of the Civil and Commercial Code referring to the government official or person appointed by law with the power to perform a designated function.
|
Common-law marriage |
A marriage not formalized in the customary manner as prescribed by law but recognized as a valid marriage after a period of time in which a man and a woman have cohabited and presented themselves as husband and wife (not applicable under Thai law).
|
Civil law |
Codified system of private law, body of laws primarily dealing with the relationships between natural and juristic persons, civil law as the written source of law (as opposed to judge made law), finding its origin in ancient Rome.
|
Chanote |
This is a certificate (land deed) for private ownership of land issued by the Thailand land department. A land ownership title deed containing among others the name of the owner, location of the land, the presice size of the land, an area map showing the boundaries on all four sides and on the backside an index of registration.
Synonyms -
Nor Sor 4 Jor |