A draft of the proposed amendments to the FBA, as proposed by the National Legislative Assembly, is currently doing the rounds.
In brief, the fundamental differences between this version and the previous version of the proposed amendments to the FBA, as proposed by the Ministry of Commerce and approved by the Thai Cabinet in Jan. '07, are:
(a) the grandfather and amnesty provisions that were in the previous version have been removed; and
(b) the definition of "foreigner" has been amended so as to allow majority foreign ownership (in voting rights) under certain conditions.
Will keep you updated on this as and when I hear anything.
One thing is for sure, the deletion of the grandfather and amnesty provisions is unlikely to make the foreign business community happy!