Section Code: Article 2
TREATY OF AMITY AND ECONOMIC RELATIONS (1966)
between the Kingdom of Thailand and the United States of America
ARTICLE II: Juristic Persons and Courts
Companies constituted under the applicable laws and regulations of either Party shall be deemed to have the nationality of that Party and shall have their juridical status recognized within the territories of the other Party. As used in the present Treaty, "companies" means:
- with reference to Thai companies: Juristic persons under Thai laws, whether or not with limited liability and whether or not for pecuniary profit;
- with reference to United States companies: corporations, partnerships, companies, and other associations, whether or not with limited liability and whether or not for pecuniary profit.
Equal Access to Courts and Administrative Agencies
Nationals and companies of either Party shall have free access to courts of justice and administrative agencies within the territories of the other Party, in all degrees of jurisdiction, both in the defense and in the pursuit of their rights. Such access shall be allowed upon terms no less favorable than those applicable to nationals and companies of such other Party or of any third country, including the terms applicable to requirements for deposit of security. It is understood that companies not engaged in activities within the country shalt enjoy the right of such access without any requirement of registration or domestication.
Unenforceable Arbitration Clause
Contracts entered into between nationals and companies of either Party and nationals and companies of the other Patty, that provide for the settlement by arbitration of controversies, shall not be deemed unenforceable within the territories of such other Party merely on the grounds that the place designated for the arbitration proceedings is outside such territories; or change the nationality of one or more of the arbitrators is not that of such other Party.
No award duly rendered pursuant to any such contract, and final and enforceable. under the laws of the place where rendered, shall be deemed invalid or denied effective means of enforcement, within the territories of either Party merely on the grounds that the place where such award was rendered is outside such territories or that the nationality of one or more of the arbitrators is not that of such Party.