Bangkok, 23 November 2020 - SEC, in cooperation with Lawyer Council, organizes a seminar called “Roles of lawyers on enhancement of class action to aid defrauded investors in capital market.” Mr. Sorawit Limprangsi, Chief Judge of the Office of the President of the Supreme Court also honorably shares his view to enlarge lawyers’ knowledge and experiences in class action litigation and increase their readiness and efficiency in advising and instituting class action lawsuit for and on behalf of investors who suffered loss from illegal practice in capital market. This seminar hold at Rama Garden Hotel, Bangkok, on 23 November 2020.
Ruenvadee Suwanmongkol,
Secretary-General of SEC, remarked: “The enhancement of shareholders’
rights and protections is SEC’s main mission. Scaling up the legal knowledge
regarding securities and exchange act and class action litigation on
securities fraud to lawyers will strengthen legal remedies available
for defrauded investors in capital market. Therefore, SEC joins hand with
Lawyers Council under Royal Patronage to help lawyers sharpen their capability about
class action in capital market cases so that they will be able to deliver
justice for investors who were wronged by persons that went against securities
and exchange law.
This seminar is the starting point to help lawyers to be preparedness
and extend their ability to advocate or advise investors on legal requirements
and procedures in class action litigation. It also intends to increase investors’ awareness
of their legal rights to claim for remedies from those who broke the laws
and caused them harm.”
Acting Sub Lt. Dr. Thawan Ruyaporn, President of Lawyers Council
of Thailand under the Royal Patronage noted: “Lawyers Act, B.E. 2528
states that one of the important objectives of Lawyers Council under Royal
Patronage is to promote, assist, advise, and educate public about legal matters.
The Council, therefore, set up a Committee to provide legal assistance to public.
It is the mission of Lawyers Council to provide assistance to people who are
hapless or are treated unfairly. The assistances consist of (1) providing legal
aids to people who needed at official places, such as court, police stations, and
other government places as well as at the office of Lawyers Council under Royal
Patronage and (2) providing legal aids in civil case, criminal cases, human rights protection,
administrative order, environmental protection, consumer protection,
and dispute resolution.
Providing legal assistance to defrauded investors in capital
market is equal to providing protection for public interest. The
wrongful acts in the capital market can cause broad impact and hurt the economy
which in turn affect development of the country. It can also bring damages to
people in all walks of life. Lawyers Council under Royal Patronage, thus, plan to
train pro bono lawyers with a skill in class action litigation in order to
enhance the efficiency of justice. Since class action is the way
many defrauded investors can settle their claims in one lawsuit.
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