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Class Action Suits May Find Way Into Property Sector

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Posted: 07 Oct 2009 | 9:00 am

A bill is pending before the Thai Parliament could pave the way for class action lawsuits in the country if passed. The current Consumer Case Procedures Act has seen uplift on real estate related complaint's; while a full blown class action scenario could find it's way into the property industry.

With the current economic downturn litigation over non-delivery of units or titles are topping the list of property buyer's grievances.

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THAI HOTEL SHARE PRICES
Name Current Change

CENTEL 37.25 + 0.25 %

DTC 60.25 0.00 %

ERW 5.15 0.00 %

GRAND 1.60 + 0.02 %

LRH 43.00 - 1.50 %

MANRIN 28.00 0.00 %

MINT 28.00 + 2.00 %

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SHANG 58.00 0.00 %

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