What is a Shareholders' Agreement?
Define shareholder rights & duties. Primary use cases include Startup, JV, Exit clause. Every draft complies with the Thai Civil & Commercial Code and aligns with international standards (UNCITRAL / ICC) — enforceable both in Thailand and abroad.
Drafting Process
(1) Send your requirements via LINE @nycli or email nyclegal@ilc.ltd. (2) Our lawyers call back within 1 hour for a 15–30 min fact-finding interview. (3) First draft delivered within 5–7 business days. (4) Unlimited revisions within the original scope. (5) Final delivery in .docx and .pdf.
Clauses we always include
• Governing Law & Jurisdiction (Thai court or SIAC/ICC arbitration) • Force Majeure covering pandemic, war, cyber-attack • Balanced Limitation of Liability • Tiered Dispute Resolution (Negotiation → Mediation → Arbitration) • Confidentiality surviving termination • Severability to preserve the contract if a clause is void.
Pricing & Timeline
Standard drafts from THB 18,000. Complex matters (value > THB 10M, cross-border, regulated industries) billed at THB 3,500–6,500/hr. Standard turnaround: 5–7 business days. Rush 24-hour service: +50%.
Why not use a free template?
Free internet templates are typically drafted under foreign law, miss Thai-style Force Majeure, omit Stamp Duty compliance, and rarely survive bank/investor due diligence. Using the wrong template can void the entire contract.
Governing Law Matrix (pick 1 of 5)
• Thai law · Bangkok Civil Court / THAC arbitration — Default for domestic deals; Stamp Duty Act compliant. • Hong Kong law · HKIAC arbitration — Common law, China-facing; awards enforceable in PRC via 2020 Arrangement. • English law · LCIA / English High Court — Sophisticated commercial law; expensive but predictable.
All contracts further reference: CISG 1980 (Thailand is not a contracting state — opt-in/opt-out must be explicit), New York Convention 1958 (arbitration awards enforceable in 172 jurisdictions), Hague Apostille Convention 1961 (in force in Thailand from 15 Dec 2024).
Industry-Specific Clauses we include
• Tiered Service Level Agreement (SLA) with service credits • Data Processing Addendum aligned with PDPA + GDPR Article 28 • Tag-along & drag-along rights for minority/majority shareholders • Anti-sandbagging vs pro-sandbagging — chosen based on client side • Insurance & Indemnity matrix segmented by risk category • Most-Favored Customer (MFC) clause with audit right
4-Tier Pricing Structure
• Standard THB 18,000 · single-language draft in 5–7 days • Express THB 27,000 · 24 hours • Premium THB 45,000 · bilingual + Notary + Risk Memo • Annual Retainer THB 95,000/yr · up to 50 drafts/reviews + lawyer hotline
5-Step Process
- 1Submit requirements — LINE @nycli / nyclegal@ilc.ltd / call +66 83-249-4999
- 2Fact-finding interview — Lawyer call-back within 1 hour, 15–30 min consultation
- 3First draft — Delivered within 5–7 business days
- 4Revisions — Unlimited within original scope
- 5Delivery — .docx + .pdf + usage notes
FAQ
Does the Shareholders' Agreement need registration?
No registration required. Binding upon signature by both parties.
Can it be used overseas?
Yes — bilingual Thai-English with one-stop Notary + Apostille (1961 Hague, effective in Thailand 15 Dec 2024) or MFA Legalization for 27 non-Hague jurisdictions.
Which governing law should we choose?
Depends on the deal: Thai law · Bangkok Civil Court / THAC arbitration suits domestic Thai matters, Hong Kong law · HKIAC arbitration suits ASEAN cross-border, English law · LCIA / English High Court suits large M&A/finance. We analyse for free before recommending.
Arbitration vs court litigation?
Arbitration is faster (avg 14 months vs 36 months in court), confidential, enforceable in 172 countries (New York Convention) — but 2–3× more expensive. For disputes < THB 5M, Thai courts are usually better value.
How many revisions are included?
Unlimited within original scope. Major scope changes are quoted in writing before billing.
Is my data secure?
NDA signed before work begins · AES-256 encrypted storage · PDPA-compliant data destruction · firm carries THB 50M Professional Indemnity Insurance.
If a dispute arises, will your team litigate?
Yes — NYC Legal provides full litigation + arbitration services. Returning clients receive a 15% discount on litigation.
How is stamp duty handled?
We calculate Stamp Duty under the Stamp Duty Act 1937 (B.E. 2480) rate schedule before delivery and advise on payment via the Revenue Department e-Stamp Duty portal.