The SEC Civil Sanction Committee (CSC) had earlier resolved to impose civil sanctions on all four offenders of this case, among which only two agreed to comply with the specified civil sanctions. However, the other two, namely, (1) LLC Fair Expo company and (2) Mr. Mikalai Zahorski, who are subject to a total monetary civil sanction of 6,005,620 baht (a civil penalty and a reimbursement of investigative expenses incurred by the SEC), refused to comply with the specified civil sanctions, which wa...

On 6 July 2023, the SEC filed a criminal complaint against 10 offenders, comprising STARK and its former directors and executives, with DSI for colluding to falsify or consenting to the falsification of the STARK and its subsidiaries’ financial statements during 2021-2022, disclosing such presumably falsified financial statements in the registration statements and draft prospectus, and concealing the facts which should have been disclosed in the factsheets of the company’s corporate bond offerin...

The Securities and Exchange Commission (SEC), in collaboration with the Faculty of Law, Chulalongkorn University, organized a practical workshop for listed companies on “Human Rights Due Diligence (HRDD)” under the Business and Human Rights Project for Thailand’s Capital Market (Phase IV), in line with the United Nations Guiding Principles on Business and Human Rights (UNGPs) and the OECD Due Diligence Guidance for Responsible Business Conduct. The workshop was held in Bangkok on 26-27 March 202...