Drafting of Power of Attorney (POA)
Our firm offers a complete service of drafting and notarization of a Power of Attorney. Before anyone could specifically assign an attorney-in-fact to perform actions on his behalf, it is a key element to know who can draft a POA under Thai law.
A power of attorney (POA) allows a person (principal) to appoint another (attorney-in-fact or agent) to do specific acts on the principal’s behalf. The power of attorney clearly states the actions in which the attorney-in-fact would manage the principal’s affairs.
To execute a power of attorney under Thai law, it is a requirement that the principal as well as the agent is of legal capacity upon the execution of the document. In Thailand, the power of attorney executed can either be for a specific period (short-term) for specific transactions or can last until the principal is incapacitated to act.