On 12 May 2021, the Ministry of Commerce (“MOC”) and the Ministry of Economy and Finance (“MEF”) issued joint Prakas No. 316 on Monetary Fines under the MOC’s Jurisdiction (“Joint Prakas 316”), introducing hefty fines for not registering corporate changes, the annual declaration of commercial enterprise (“ADCE”), financial statements, or trademark renewals, and for conducting […]

According to a previous notice of the Ministry of Commerce (“MOC”) dated 22 December 2017, all corporate entities were required to complete their online re-registration with the MOC by 31 December 2018. Recently, the MOC issued another notice, No. 0384, dated 30 January 2019, regarding further extension of the online re-registration deadline to 31 December […]