The amendments to the Civil and Commercial Code (“CCC”) will come into effect on 7 February 2023, after being published in the Government Gazette on 8 November 2022. (please click HERE for more information). One of the key changes pertains to the requirement for publishing notice of a shareholder’s meeting. The new amendment eliminates the requirement for a newspaper publication, except in cases where share certificates are issued to bearers that the newspaper publication, either physical or electronic, is still required. The Department of Business Development (“DBD”) has clarified the publication requirement for notice of a shareholder’s meeting under the new amendments on its website. According to the clarification, if the articles of association (“AOA”) of a company that issued only named share certificates specify a requirement for newspaper publication according to the existing CCC provision before the amendments to the CCC, the company must still require a newspaper publication according to its AOA. If the company wishes to eliminate such requirement, it must prior amend the articles relating to such requirement in its AOA to align with the CCC amendments. As the amendment to the AOA must be approved by the shareholder’s meeting, the company may consider amending its AOA immediately after the effective date of the amendments to the CCC, or it may continue the current practice until the next scheduled shareholder’s meeting; for example, the next annual general meeting of shareholders within April 2023 for companies with a financial year ending 31 December 2022. Authors: Peangnate Sawatdipong Bio: Peangnate is a Partner at Chandler MHM Ltd. (CMHM) and has been with the firm since 1985. She...