Nationwide crackdown launched on illegal nominee shareholders and land holdings
Bangkok names UNCLOS conciliation team for talks with Cambodia
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Bangkok names UNCLOS conciliation team for talks with Cambodia
10 Sept 19:47Key points summarised by AI
Thailand established a four-member conciliation commission, led by Deputy PM Sihasak Phuangketkeow, to negotiate maritime boundary disputes with Cambodia under the UN Convention on the Law of the Sea (UNCLOS).
The commission includes two internationally renowned maritime legal experts, Rüdiger Wolfrum from Germany and Albert Hoffmann from South Africa, both former presidents of ITLOS.
The conciliation process will facilitate discussions and provide recommendations to resolve disputes, with a fifth chairperson to be jointly selected within one month before formal talks begin.
Thailand emphasizes that the initial scope of talks should focus solely on delineating maritime boundaries and the continental shelf, deferring discussions on a joint development area.
Cambodia has also appointed its foreign conciliators: Danish diplomat Peter Taksøe-Jensen and French legal expert Jean-Marc Thouvenin.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 15:20Key points summarised by AI
Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.