Section 1167 — Director non-competition rule
Statutory text (Thai original)
ความเกี่ยวพันกันในระหว่างกรรมการและบริษัทและบุคคลภายนอกนั้น ท่านให้บังคับตามบทบัญญัติแห่งประมวลกฎหมายนี้ ว่าด้วยตัวแทน
Verbatim from the Royal Gazette / Office of the Council of State
คำแปลภาษาอังกฤษ
The relations between the directors, the company and third persons are governed by the provisions of this Code concerning Agency.
This English translation is provided for reference only and has not yet been firm-verified — always rely on the Thai original.
Firm annotation
Section 1167 codifies the corporate-opportunity doctrine in Thai company law. The remedy for breach is profit disgorgement (§1168) — the company can claim the gains the director obtained from the competing business, plus damages for any loss. The rule applies even if the director's business technically targets a different geographic market or customer segment, as long as the business activity overlaps. To avoid breach: full written disclosure plus shareholder resolution before launching any related business.
Supreme Court decisions interpreting this section
Showing decisions in our database that cite this section. The list updates automatically when new decisions are added.