penalty to be imposed on the offender.    Appeal Any person who is affected by, and disagrees with, an administrative order has the right to appeal such order. The appeal procedure is provided by the SEC

judgement eventually. Due to the Thai legal system, the Courts of Justice are classified into three levels, namely: the Courts of First Instance, the Courts of Appeal, and the Supreme Court. Moreover, the

/ embedded derivatives* /securitization.  REIT assets can be collateralized. Encumbrances incurred in other cases shall only be for a normal commercial practice in that business or transactions. Lending to