Realizing Court Decisions – Current Issues and Challenges of Foreclosure in Comparative Perspectives
Prof. Dr. Peter Gilles, Faculty of Law, Frankfurt University, Germany
“Private and Public Foreclosure in Germany”
Sorawit Limparangsri, Judge, Office of the President of the Supreme Court of Thailand
“Foreclosure of Mortgage in the Draft of the New Civil and Commercial Procedural Code in Thailand”
Siam Likhitphongsathorn, Director, Secured Transaction Registry Office
Dr. Kullapat Jangkamolkulchai, Trade Officer
Pakwan Chuensuwankul, Legal Officer, Department of Business Development, Ministry of Commerce of Thailand
“Enforcement of Security Interest and the Role of the Receiver in the Thai Secured Transaction Bill”
Rangsima Ratttana, Legal Officer Professional Level, Legal Execution Department, Ministry of Justice of Thailand
“The Roles of the Legal Execution Department in Enforcement of Security Interest and Related Challenges”
On 25 September 2015, CPG hosted the seminar “Realizing Court Decisions – Current Issues and Challenges of Foreclosure in Comparative Perspectives” at the Faculty of Law, Thammasat University. The seminar was opened with the presentation of Prof. em. Dr. Peter Gilles, Faculty of Law, Frankfurt University. Prof. Gilles gave a general introduction to the topic focusing on tendencies of privatization and particularly on the differences between private and public foreclosure in Germany. Hon. Sorawit Limparangsri, Judge, Office of the President of the Supreme Court of Thailand, then presented on current issues surrounding foreclosure of mortgage in the draft of the new civil and commercial procedural code in Thailand.
He particularly addressed contentious questions regarding foreclosure into condominiums and foreclosure into securities, while concluding with some remarks on class action cases. He was followed by Dr. Kullapat Jangkamolkulchai and Pakwan Chuensuwankul, trade officer and legal officer, Department of Business Development, Ministry of Commerce, who gave presentations on foreclosure and the role of the receiver in the Thai Business Security Bill, providing a thorough overview of the current and coming legal framework, and addressing the purposes behind the new Thai Business Security Bill. Finally, Rangsima Rattana, Legal Execution Department, Ministry of Justice, presented the roles of the Legal Execution Department in the enforcement of security interest and related challenges. She particularly followed up on the Secured Transaction Bill and introduced the audience to plans for online bidding processes in the course of foreclosures. The presentations were followed by a debate that offered the audience the opportunity to raise additional questions.