FIN 535 Blades, Inc. Case Assessment of Potential Arbitrage Opportunities (Chapter 7)

Thailand has a civil code, commercial code, and a bankruptcy law. Monetary judgments are calculated at the market exchange rate. Decisions of foreign courts are not accepted or enforceable in Thai courts. Disputes such as the enforcement of property or contract rights have generally been resolved through the Thai courts. Thailand has an independent judiciary that generally is effective in enforcing property and contractual rights.

The legal process is slow in practice, however, and litigants or third parties sometimes affect judgments through extra-legal means. In addition, companies may establish their own arbitration agreements. Thailand signed the Convention on the Settlement of Investment...