Thailand is a follower of civil law concepts. Thus, no consideration is needed in contracts. Trusts are not allowed. Equity is not separated from law, nor does it
have that name. The doctrine of strict compliance with judicial precedent does not apply,
and there is no jury system in Thailand. Discovery procedures are not yet a part of the legal
environment. Disposal of cases through summary, preliminary, or interlocutory methods is
rare.
With Thailand’s growing economy and the increasing sophistication of Thai business communities, the Thai courts of justice have increasingly had to deal with more complex issues of commercial, corporate, intellectual property, maritime, privatization, banking, financial, securities, environmental, tax, and trade law. There has therefore been, in recent years, the establishment of specialized courts in the court of justice system to address such issues, namely an Intellectual Property and International Trade Court, a Central Bankruptcy Court, a Labor Court, a Tax Court, an Administrative Court, and a Constitutional Court. The Thai legal system continues to be under review for modification to meet the needs and ever-growing international stature of the country.
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