Good guarantee ?

by **BKKSTAN** » May 23, 2009, 12:14 pm

Alex wrote:Falangs should not look for satifaction from the courts!It ,in most cases,will be a waste of a lot of time,aggravation and money to no avail!

Really, Bkkstan ? Do you have the knowledge of cases ? It could be very interesting.

That's difficult to find help from private person, because everybody has convictions, but no one has any experience.

It's human, and I suppose farang, to think the country they like, where they live... is bad ! Very strange.

I've some doubts about the quality of this testimony ! And you ?

..." !Well since you are a relatively new poster,I will say that I have extensive experience living in Thailand continiously for 12 years,I/2 in Bangkok and half in NK.In that time I have met and talked to many people that who have ''tested'' the court system with all but one,which was a local NK fraudulent stock situation in a local hotel,suffering a nightmare of aggravation,time and waste of money to no avail.The key to the successful case was the lawyer(that no longer practices)and the blatant wortless stock certs issued!

I personally have not tried or tested the courts here for that very reason and because I now keep myslf void of any possible situations where I would need to test them.Unlike many,I live my life in Thailand void of any business or ''new'' personal relationships with Thais and it works very well for ME!

Unless you have other experiences,I wonder why you challenge the testimony?Being sincere or just contentious?

by **BKKSTAN** » May 23, 2009, 12:26 pm

Alex wrote:Hi Bamak,

No, I didn't say that exactly. I said my friend bought in his gf's name, and has as guarantee for his investment a registered mortgage.
If they separate themselves, they can sell the house and share money as they have accord for doing. His gf cannot sell the house alone, or she has to pay back to him mortgage and interests.
That seems a good and easy solution. He's the only one I know who did so. It's why I asked on the forum if anyone had knowledge of people who got problems with this solution (in case of they fought, of course).

About Co. Ltd, I had one (just sold it), and I have many friends who have in many places in Thailand.
Those are Co Ltd with one director (49%) and 6 share holders. Only the director can do and decide anything about the company.
I paid every year to the lawyer for all documents (general assembly, and accountancy) 12000 baht.
For taxe income of the Co., I've paid, depending of the year, from 650 to 4000 baht.
Taxes were cheap for a big and beautiful house with private swimming pool on the seaside (sold 10MB).

I never had any problem with this Co., either any people I know in the same case.

Since you didn't mention it,we can assume that it was never challenged.

My understanding is that if it is challenged and can be proved that the company main purpose was to circumvent the land ownership laws,one could be in serious trouble.If it is a legit land management company where the majority owners(directors) have final say,then no problem!
Usafruct for land usage seems to be an effective legal remedy,as long as the the home is not located in the wifes village,where one might encounter ''local?family'' opposition to legimate claims!

by **Alex** » May 23, 2009, 4:18 pm

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