Head of legal compliance and risk management (APAC) | LIMAGRAIN Thailand
Kamonthast Chaorujiroj
Head of legal compliance and risk management (APAC) | LIMAGRAIN Thailand
What are the most significant cases and transactions that you have recently been involved in?
I have been actively involved in M&A projects within the APAC region. One of these projects has been successfully completed, while others are still ongoing. Additionally, I provide legal counsel and overseeing and monitoring business units across the APAC territory and communicate to different countries within the APAC region on the implementation of group guidelines and policies to reduce the gap between group level and country level in APAC region. This includes enhancing the protection of our intellectual properties, particularly those developed by our research and development team.
How do you see the general counsel role evolving in Thailand over the next five-ten years?
Over the next five to ten years, I see the general counsel role in Thailand adopting more technology including AI and legal tech solutions which will transform routine work which will allow general counsel to focus more on strategic initiatives and proactive legal risk management. General counsel will be more involved in strategic and analytic matters and increasingly act as key advisors to the executive team than at present.
Which recent political, economic or regulatory changes have impacted your work the most in recent years?
The impact of political, economic, and regulatory changes can significantly affect international business, both positively and negatively.
On the positive side, when governments aim to attract foreign investment, they often introduce or amend regulations to make it more advantageous for foreign companies to operate. This can include benefits such as tax exemptions, making it easier and more profitable for international businesses to establish and grow their operations.
Conversely, political instability, such as wars or changes in government, can lead to unpredictable regulatory shifts. These changes can disrupt business strategies and necessitate changes in operational structures, making it challenging for companies to plan and forecast effectively.
From a legal perspective, it is crucial for in-house legal teams to stay informed about these changes. Keeping abreast of news and maintaining close connections with local contacts ensures we are updated on the latest developments. Whether the changes are positive or negative, businesses will need to adapt operationally and structurally, requiring significant support from the legal function.
Are the effects of AI on the legal world overplayed, or underplayed?
The effects of AI on the legal world are neither overplayed nor underplayed; rather, they are evolving and multifaceted.
AI can significantly transform the legal landscape by automating routine tasks, enhancing legal research, and improving document review processes. Tools that leverage AI can analyse vast amounts of data quickly and streamline contract analysis, thereby increasing efficiency and reducing costs.
But while it excels at handling repetitive and data-intensive tasks, it lacks understanding and strategic thinking including communication and negotiation skills that human lawyers provide. The human element remains essential in interpreting complex legal issues, providing counsel, and negotiating settlements.
Therefore, the impact of AI should be seen as a complement to, rather than a replacement for, traditional legal skills.
Head of legal compliance and risk management APAC | Limagrain
Senior legal manager | Dusit Thani