UPDATES

Dr. Peter Lampl, new Vice – President from Rotary Club Bangkok D-A-CH

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Dr. Eder with business partner of D/A/CH – Consult at Rotary Installation Dinner

Peter Lampl is also in the Board of the Rotary Club Bangkok D-A-CH the Head of Fundraising for the Rotary Year 2017 / 2018 .

Rotary Club Bangkok DACH created a new format and promotes this this exciting new activity in 2018 very much. We are talking about a great event with the main focus of coming together, meeting Rotarian fiends, family member and also new Rotarians, friends of Rotarians as well as friends of the Rotarian idea and the Rotarian spirit. Doing something good and having fun at the same time is always a in general a concept.

Our cruising trip will take place in February 24, 2018. We will start at 4.30 PM in Pattaya and we also coming back to Pattaya at about 7.30 PM after a few hours of having a great time.

The German Foreign Business Act

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While Thailand’s legal system comprises strict rules to limit foreign business activities, foreign acquisition of real estate and residence permit, Germany is much more open to foreign investors. In general, there are no restrictions or additional requirements to set-up a foreign-owned business in Germany. This creates a leveled playing field for Thai and other foreign investors to compete with domestic corporations in Germany.

An exception to this rule are the provisions of the Foreign Business Act (“Aussenwirtschaftsgesetz”), also translated as  Foreign Trade and Payments Law or Foreign Trade Act, enhanced and specified by a governmental regulation (“Außenwirtschaftsverordnung”).

However, this legislation has to be seen as a very specific exception rule for a small scope of acquisitions in Germany, not as a general limitation of foreign investments. Domestic branches and permanent establishments of foreigners and foreign branches and permanent establishments of residents shall be regarded as legally independent. Limitations apply in cases only,

  1. to guarantee the essential security interests of Germany,
  2. to prevent a disturbance of the peaceful coexistence of nations or
  3. to prevent a substantial disturbance to the foreign relations of Germany,
  4. to guarantee the public order or security of Germany or
  5. to counteract a danger to the coverage of vital needs in Germany or in parts of Germany and thereby to protect the health and life of human beings.

Restrictions and obligations to act shall be limited in nature and scope to the extent necessary to achieve the objective. They shall be framed in a manner which intervenes as little as possible in the freedom of economic activity. Restrictions and obligations to act may affect existing contracts only if the objective is in serious jeopardy. They shall be revoked as soon as and insofar as the reasons warranting their imposition no longer apply.

The Consulting House and its German professionals are well experienced to advise on foreign investments into German industries. Ask for our specific German know-how to acquire existing stock corporations and key industries in the powerhouse of Europe.