BRS Organizes Seminar with PDLegal on Blockchain Investigations Asset Recovery of Cryptocurrencies

Blumenthal Richter & Sumet (BRS) organized a seminar with speakers from PDLegal LLC on “Introduction to Blockchain – Investigations and Asset Recovery of Cryptocurrencies”. It was presented by Gerard Quek, Partner and Chloe Jansiri, Associate at the BRS office on Wednesday 21 September 2022. Also, it was streamed as a webinar. The seminar covered the following topics:

  • Regulatory overview of digital payment tokens and the Financial Services and Markets Bill
  • Tracing cryptocurrency and identifying fraudsters
  • Legal tools and methods to recover assets in fraud litigation
  • Arbitration of cryptocurrencies
  • Recent developments
  • Case studies

Sumet Mingmongkolmitr, Senior Partner and Head of Tax and Customs attended the seminar.

PDLegal LLC is a full-service law firm based in Singapore with recognized industry expertise delivering advocacy and advisory services to clients in the country and overseas. The firm forges strong relationships and focuses on a results-driven approach, assisting clients to achieve their goals.

BRS Practice Areas Recommended in Asialaw Profiles 2023

Asialaw Profiles 2023 has been released, and rankings were awarded to Blumenthal Richter & Sumet in the following practice areas:

  • Corporate and M&A – Recommended
  • Dispute Resolution – Recommended
  • Real Estate – Highly Recommended
  • Tax – Highly Recommended

The rankings are determined based on independent market research, interviews, client feedback, peer reviews and law firm submissions. Factors that have a large impact on the rankings include type of work handled by the law firms, client service and strength of the practice. Achievements that are above what is normally expected, including engagement in the legal community, legal advocacy and corporate social responsibility initiatives, are taken into account.

Asialaw ProfilesĀ is a guide to the leading law firms in Asia.

Asialaw Profiles 2023: BRS Real Estate Practice Ranked in Top Tier

The Asialaw Profiles 2023 rankings have been released, and Blumenthal Richter & Sumet (BRS) has received a ranking for Real Estate in the highest tier for this category in Thailand. Our Real Estate practice was ranked as “Highly Recommended”.

It is commented in the editorial of the rankings that BRS “assists both international and domestic companies in expanding into new markets, growing their businesses and navigating regulatory frameworks”.

The rankings are determined based on independent market research, interviews, client feedback, peer reviews and law firm submissions. Factors that have a large impact on the rankings include type of work handled by the law firms, client service and strength of the practice. Achievements that are above what is normally expected, including engagement in the legal community, legal advocacy and corporate social responsibility initiatives, are taken into account.

Asialaw ProfilesĀ is a guide to the leading law firms in Asia.

Hear the Future, the Future is Here: Summer Legal Internship Fair 2023 at Chulalongkorn University

Blumenthal Richter & Sumet (BRS) attended the “Hear the Future, the Future is Here: Summer Legal Internship Fair 2023” at Chulalongkorn University, on 14 September 2022. The university organized lectures to prepare students for applying to internships and law firms provided information about their internship programs, including BRS where our team members gave out information on our Summer Internship Program for Young Lawyers 2023.

BRS is inviting 3rd and 4th year law students as well as new graduates from Thailand to apply for our internship program which will last for eight weeks from June to July 2023. Interns will have the opportunity to work on a variety of matters in practices including Corporate and M&A, Tax and Customs, Real Estate as well as Litigation and Dispute Resolution. In the event you would like more information, please visit here to read about our Summer Internship Program for Young Lawyers 2023.

Compliance Guidelines for and Legal Issues under the Personal Data Protection Act B.E. 2562 (2019)

Anuwat Ngamprasertkul and Piniti Chomsavas

The public and private sectors have had around three years to study, check their readiness and adapt to comply with the Personal Data Protection Act B.E. 2562 (2019) (“Personal Data Act”) from the date of publication in the Government Gazette on 27 May 2019 until the date the law was fully enforced on 1 June 2022. The Personal Data Act is a new law that introduces legal principles aimed at protecting the rights of personal data subjects and controlling the collection, processing or disclosure of personal data by data controllers or data processors. In the early stages of enforcement, there may be obstacles to compliance unless there are guidelines and awareness of the legal burdens and penalties in particular.

From the author’s experience of studying the law, the Personal Data Act and the General Data Protection Regulation, including guidelines for interpretation and judgments of various agencies in the European Union, have provided opportunities for organizations to prepare for and comply with personal data protection laws. Therefore, the author would like to provide the steps to prepare for compliance with the Personal Data Act to create awareness, enhance understanding and identify related legal issues. The steps are as follows.

1. Data Discovery to determine whether the organization collects, processes or discloses “personal information”, and to be able to identify the status and roles of data controllers or data processors as defined under the law to determine different obligations and liabilities as required by the law.

2. Data Classification to categorize the types of personal data that exist, including sensitive personal data under the Personal Data Act, and determine whether personal data has a high risk of causing damage to data subjects.

3. Purpose Identification to evaluate and review the purposes for the collection, processing or disclosure of personal data, and attempt to reduce the unnecessary storage of personal data (data minimization).

4. Legal Basis by obtaining consent to process the personal data of the data subject above, or have other legal bases that allow the collection, processing or disclosure of personal data.

5. GAP Analysis by assessing whether the organization has performed its duties in full compliance with the law as well as the extent that activities related to personal data have exposed it and the impact on data subjects in order to determine the proper safeguards.

6. PDPA Compliance by preparing the relevant documents, policies, procedures and guidelines for compliance with the law by providing complete documentation and procedures as required by the law such as privacy notice, consent forms, data processing agreements with personal data processors and practice guidelines to reduce risks by establishing policies, regulations or guidelines within the organization and arranging training for employees or related personnel.

Understanding the Personal Data Act, analyzing potential legal issues and establishing guidelines for preparing to comply with personal data protection laws are very important and useful to both lawyers and law enforcement agencies in reviewing the readiness of organizations and the award of penalties, including business operators who are obliged to comply with the law either as data controllers or data processors and most importantly all data subjects who are protected under the Personal Data Act.

The above article is an abstract. In the event you would like to read the full article (in the Thai language), please visit the website of the Office of Judicial and Legal Affairs.

Disclaimer:

The article above is general information only and is not intended to be relied on or be a substitute for specific professional advice. Blumenthal Richter & Sumet Ltd. will not accept responsibility for any losses or damages that are incurred by any person taking an action because of the information in this article.

In the event you have any questions regarding the above regulations or PDPA compliance, please contact Anuwat Ngamprasertkul, Partner as well as Head of Litigation and Dispute Resolution and Co-Head of Tech-Media-Telecoms (TMT) at Blumenthal Richter & Sumet, atĀ [email protected]Ā or +662-022-1022.