5. If the replies to 1 and 2 above are positive, what would be the estimated time and cost if it becomes necessary to enforce the security?
5.1 Estimated Time : 1-2 years to obtain judgment in the Court of First Instance. If there is any appeal to the Appeal Court, it would take another 2-3 years. The party may appeal to the Supreme Court subject to the court permission.
5.2 Our legal fees: as advised in (4) above, we normally charge on an hourly rate basis but we estimate our fees for the legal proceedings in the Court of First Instance.
would be in a region of USD 60,000 to 90,000, excluding out-of –pocket expenses.
5.3 Court fees: (1) For the amount of claim less than THB 50 million, the court fee is 2% of the claim but not exceed THB 200,000. For the claim, which exceeds THB 50 million, the court fee is at 0.1% of such claim