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Glossaries

Term Definition
Land holding company
A limited company incorporated under Thai law that owns real estate property on behalf of foreigners. The company must have a majority Thai shareholding of Thai nominee shareholders and the foreigner will hold control and management in such company.
Synonyms - front company
Last will
Meaning the last legal declaration by which a person, the testator, provides what should happen to his body and assets at death. It also could name one or more persons as executors to manage the execution of the estate. Last refers to the last written instructions of the maker of the will, i.e. before writing another will, subject to the legal requirement of making a valid declaration of a person's 'last will'.
Synonyms - testament
Legal
Meaning in general lawful or recognized by law or permitted by law, or relating to law, connected with the law but also it could mean appointed, established, or authorized by law (among others).
Synonyms - lawful
Lèse majesté
French language term meaning in Thailand a crime (as treason), insult, offence against the dignity of the King, the Queen, the Heir-apparent or the Regent governed by the Thailand Criminal Law.
Limited company
A private company, as a separate legal juristic entity recognized by law as the subject of rights and duties, whose shareholder are legally responsible for its debts only to the extent of the amount of their share capital.

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