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Blake Lively and Ryan Reynolds House: It’s A Must See

The truth is, Blake Lively and Ryan Reynolds have totally morphed into America’s sweethearts and we couldn’t be happier to give them the throne.

Blake Lively and Ryan Reynolds House

I mean, don’t get me wrong — he and ScarJo were literally giving me LIFE — but they just never seemed to have that certain je ne sais quoi that he and Lively do, am I right or am I right?

Plus — I know I’m not the only one that is so glad Lively and Leonardo DiCaprio are totes onesies because let’s be real for a sec (it’s kinda my thang) — we all knew Hollywood’s biggest model manwhore was never going to be good enough for our sweet little girl.

Where Does Kevin Hart Live?

Having battled everything from poverty to abandonment in his childhood, Kevin Hart will never tell you his life has had the cookie-cutter aesthetic.

Not to mention, it was also just months ago that he was caught in the back of a car and suite with a woman other than his wife. There’s no doubt that this comedian’s story is surely one that will keep you engaged. Especially for those of you wondering where does Kevin Hart live? From troubled childhood to an incredible life – Kevin Hart House proves he’s here to stay.

French Montana has reportedly bought Selena Gomez’s Hidden Hills mansion, which is located in Mureau Estates – the same gated community where his ex Khloé Kardashian lives.

According to TMZ- the 31-year-old rapper got the five-bedroom house for a bargain, only paying $3.3M after the 23-year-old pop diva listed it for $4.4M in November.

However, the two-time Grammy nominee only shelled out $300K less than Selena – who was plagued with intruders – actually paid for it in 2014.

South African comedian and Daily Show host Trevor Noah has reportedly splashed out $20.5 million (R285 million) on a luxurious home in Los Angeles.

According to tabloid news group TMZ, its sources within the LA real estate market confirmed that Noah added the property to his portfolio in November, purchasing it through a blind trust.

The luxury home is on a 0.5 hectare property and covers just over 930 square metres over two levels. It features 5 bedrooms, 8 bathrooms, and had a listing price of $20,995,000, though according to sales agents was sold for $20.5 million.

The listing realtor, The Agency, describes the house as “the perfect marriage of innovation and sophistication”, with features such as polished glass floors, automatic walls of glass that “blur the line between indoors and out”.

It has a custom saltwater aquarium, stone bar, cigar room and office, with a marble chef’s kitchen, custom cabinetry, and climate-controlled wine storage for up to 250 bottles. The master bedroom is just over 200 square metres, finished with oak floors, automated doors and Lutron shades.

Additional amenities include a large den with a leather-finished marble fireplace, dining room with a weeping wall feature and butler’s kitchen, fully equipped theatre, maid’s quarters and cabana room.

09/05/2019ZONEZI No commentsCelebrities

Eminem, AKA Marshall Bruce Mathers, has been a household name since 1997 when he blew up the hip-hop world with his debut album, Slim Shady EP. With over 20 years in the entertainment business, including millions of records sold, 15 Grammy Awards, and an Oscar under his belt, there are no signs of stopping. His latest album, Revival, debuted at No. 1 on Billboard’s 200 Chart and featured what some considered an epic takedown of President Trump. Other’s were pissed off that he went political.

09/05/2019ZONEZI No commentsCelebrities

In 2016, T&C revealed that the Obama family was moving from the White House into a rented 8,200-square-foot house in the exclusive Kalorama neighborhood of Washington, D.C. (Their neighbors include Jared Kushner and Ivanka Trump and Amazon founder Jeff Bezos.)

In May 2017, the Chicago Sun-Times reported that the Obamas had decided to buy the home for $8.1 million (they have reportedly held onto their Chicago house as well), and TMZ reported that they are in the middle of installing an in-ground swimming pool.

Scroll down for a look inside the Kalorama home courtesy of listing agent Mark McFadden. Keep in mind that these photos are from before the house sold in 2014, so it probably looks quite different now that the Obamas have made it their own.

09/05/2019ZONEZI No commentsCelebrities

Michael Jackson’s Neverland Ranch

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Michael Jackson’s Neverland Ranch is on the market for nearly 70% off the original price — here’s a look inside the 2,700-acre property with its sprawling mansion and Disney-themed train station

Michael Jackson’s famed Neverland Ranch is back on the market for $31 million, less than half of its previous listing price of $67 million.

In 2015, the 22,700-acre property hit the market for a whopping $100 million under a new identity as Sycamore Valley Ranch.

But the 12,598-square-foot French-Normandy style residence located in Los Olivos, California sat on the market for two years before its price was slashed to $67 million in 2017.

Jackson, who bought the property for $19.5 million in 1987, defaulted on a loan after financial hardships and entered Neverland into an ownership agreement with private investment firm Colony Capital in 2008 for $23 million, according to ABC News.

After millions of dollars in renovations, the 2,700-acre ranch boastsa main residence with five bedrooms and eight bathrooms, two guesthouses, a four-acre lake, a 50-seat movie theatre, a tennis court, a 14-foot lagoon-style pool, a dance studio, barns, and separate staff facilities.

The listing is held by Suzanne Perkins and Kyle Forsyth of Compass.

For $31 million, the King of Pop’s former home could be yours, although you’ll have to pass “extensive prequalification,” according to The Wall Street Journal. Here’s what Sycamore Valley Ranch has to offer.

April Walloga and Alyson Penn contributed to an earlier version of this story.

01/04/2019ZONEZI No commentsCelebrities

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Madonna recently opened up her London home—which she shares with her six children: Lourdes, 20; Rocco, 17; David, 11; Mercy, 11; and 5-year-old twins Estere and Stella—to talk about a variety of things, including what it’s like being a mother to such a large brood. Apparently, being part of Madonna’s family is as fun as you’d imagine. There are dance parties (Moana and Sing play on loop in their house), Madonna makes choreographed videos of her kids (evidenced on Instagram), and her four youngest children have even given her a cool nickname: Mambo, like the dance.

Her family, and these routines, will now be relocated to a new home, however: an 18th-century Moorish Revival mansion outside of Lisbon, Portugal. Madonna has reportedly purchased the 16,146-square-foot house, which includes 4 bedrooms, 7 bathrooms, a guesthouse, and a caretaker’s cottage, for the equivalent of $8,927,470. She announced her Portuguese move on her Instagram over Labor Day weekend. The family’s new home is actually the historic Quinta do Relogio estate and is in the beautiful hilltop village of Sintra, about 30 minutes from Lisbon by car. But while a mini-palace on a hilltop may be perfect for the Queen of Pop, her kids just see it as more room to dance around. She says they’re oblivious to her fame—at least that’s true of her 5-year-old twins, who she adopted from Malawi seven months ago. For instance, when her hit song Holiday came on at dinner, 11-year-old David informed the pair that the singer was their mother. “They were like, ‘Huh?’” Madonna says. “They don’t have a clue,” she says, “and that’s a good thing. I’m just their mother.”

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It hasn’t been quite the chart-topping year as was 2016 — when prices were sent into the stratosphere by two $100-million sales — but the upper crust of L.A.’s housing market continued to move at a healthy clip in 2017.

Beverly Hills and Santa Monica registered median sales prices that rank among the highest in the country, and coastal communities such as Malibu and Manhattan Beach saw price records reach new marks.

Of the 40-plus home sales of $20 million or more, there were seven deals north of $40 million and a pair in the high $80-million range, according to PropertyShark. Here’s a closer look at L.A. County’s biggest sales of the year.

$88 million — Bel-Air

Hip-hop power couple Jay-Z and Beyoncé, who have a long history with the Westside rental market, became new L.A. homeowners in August with the purchase of a newly built mansion on Cuesta Way.

The modern showplace sits behind walls and gates and comprises six structures with about 30,000 square feet of living space. Features of the monolithic-vibe compound include spa and wellness facilities, a media room and four outdoor swimming pools. The windows and pocketing glass walls are bulletproof.

Jay-Z and Beyoncé’s new home in Bel-Air has 30,000 square feet of living space, four pools and a wellness center.
Jay-Z and Beyoncé’s new home in Bel-Air has 30,000 square feet of living space, four pools and a wellness center. (Splash News)
Patios and terraces create an additional 10,000 square feet of outdoor living space. Also within 2 acres of grounds is a full basketball court.

The property, developed by Dean McKillen, was never publicly offered for sale but carried an asking price of $135 million, according to real estate sources.

$85 million — Malibu

Entertainment mogul David Geffen set a Malibu record in May with the sale of his oceanfront compound on Pacific Coast Highway. The off-market transaction is the most expensive sale historically in the city, records show, besting the previous high-water mark set four years ago at $74.5 million.

Sitting on Carbon Beach, a desirable stretch known for its wealthy homeowners, the estate previously made headlines when Geffen fought the California Coastal Commission over keeping closed the public beach access point that lies next to the compound.

It includes a main house, guesthouses and a pavilion/screening room. Gray shingles and white trim give an East Coast vibe to the exteriors. Outdoors are an oceanfront swimming pool and spa, lawns and a patio.

$69.9 million — Malibu

An investment group led by real estate developer Mauricio Oberfeld sold the former bluff-top home of Teodoro Nguema Obiang, son of the president of Equatorial Guinea, in a deal finalized off-market.

The investment group acquired the 16-acre compound a year ago for $33.5 million in cash after Obiang agreed to sell the property and other assets to settle charges of corruption and embezzlement alleged by federal prosecutors.

The 15,000-square-foot mansion, with six bedrooms and eight bathrooms, was renovated and quietly shopped at the beginning of the year. It sold to an offshore company in the British Virgin Islands, records show.

$65 million — Beverly Hills

The onetime home of late comedian and actor Danny Thomas, once listed for as much as $135 million, sold in February to business scion Evan Metropoulos in another deal finalized outside the Multiple Listing Service.

Sitting on 2 acres at the end of North Hillcrest Road, a stretch coveted by tech titans and billionaires, the sprawling estate takes sweeping city and canyon panoramas from all sides.

Hot Property | Former Danny Thomas estate
The former Danny Thomas estate in Beverly Hills has come on the market. (Berlyn Photography)

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The 11,880-square-foot house, built in 1970, boasts such gilded details as Baccarat chandeliers, gold-leaf ceilings and ornate tile work. A ballroom, a rotunda dining room, a media room, seven bedrooms and 10 bathrooms are among the living spaces. Moorish arches feature prominently inside and out.

Metropoulos is the son of billionaire investor C. Dean Metropoulos and is a principal in his father’s company. His brother, Daren, bought the Playboy Mansion last year.

Aaron Kirman of John Aaroe Group was the listing agent.

$48 million — Malibu

Billionaire Larry Ellison struck an off-market deal in March to buy the Carbon Beach home of Lisette Ackerberg, widow of Minnesota developer Norman Ackerberg.

The 73-year-old co-founder of Oracle Corp. has long maintained a sizable footprint along this coveted portion of the Pacific Coast Highway, buying more than a dozen homes in the area over the last two decades.

His new house, built in contemporary style in 1986, is one of the few oceanfront homes in the area with a regulation tennis court.

Although details are scant, tax records show that the property has five bedrooms, seven bathrooms and more than 7,700 square feet of living space. Extensive decking, a swimming pool and spa, lawns and landscaping make up about half an acre of grounds.

$41 million — Bel-Air

In December, a property with ties to blockbuster filmmaker Michael Bay sold to billionaire real estate developer Jay Paul.

The roughly 1-acre site on Stradella Road is where Bay owned a modern mansion designed by Jack Warner, whose architectural firm worked on the Bel-Air Country Club. The “Transformers” producer sold the house in 2014 for $11.45 million, and it has since been renovated and expanded to 15,000 square feet, or about double its original 7,919-square-foot footprint.

01/04/2019ZONEZI No commentsCelebrities

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With a net worth of $95.3 billion, Microsoft cofounder Bill Gates is the second-richest man in America, behind fellow Washington resident Jeff Bezos.

It shouldn’t be too surprising that one of the wealthiest people in the world also has an insanely extravagant home.

It took Gates seven years and $63 million to build his Medina, Washington estate, named “Xanadu 2.0” after the fictional home of Charles Foster Kane, the title character of “Citizen Kane.” Medina, a suburb of Seattle, is also home to Bezos, making it home to some of the wealthiest people on the planet.

At 66,000 square feet, the home is absolutely massive, and it’s loaded to the brim with high-tech details.

We’ve rounded up some of Xanadu 2.0’s most over-the-top features here.

It’s worth at least $127 million today.
It’s worth at least $127 million today.
According to the King County public assessor’s office, the property is worth $127.48 million as of this year. Gates purchased the lot for $2 million in 1988.

It has 7 bedrooms and a whopping 18.75 bathrooms, according to public records.

Half a million board-feet of lumber was needed to complete the project.
Half a million board-feet of lumber was needed to complete the project.
Reuters
The house was built with 500-year-old Douglas fir trees, and 300 construction workers labored on the home — 100 of whom were electricians.

A high-tech sensor system helps guests monitor a room’s climate and lighting.
A high-tech sensor system helps guests monitor a room’s climate and lighting.
Kevork Djansezian / Getty
When guests arrive, they’re given a pin that interacts with sensors located all over the house. Guests enter their temperature and lighting preferences so that the settings change as they move throughout the home. Speakers hidden behind wallpaper allow music to follow you from room to room.

01/04/2019ZONEZI No commentsCelebrities

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Self-help entrepreneur, master motivator and always positive guru to the stars, Tony Robbins is a man who thinks everyone should be the master of their own success story. There’s no doubt, though, that Robbins practices what he preaches. As a highly successful businessman, Robbins has amassed a sizable ($480 million at last count) fortune, and with that hard-earned cash, he’s also been able to indulge in his interest in fabulous real estate. Case in point is Tony Robbins house in glamorous (and ultra pricey) La Quinta, California.

[ Related: If you want to find out which Tony Robbins book is the best for you – Go here for my latest book review. Also, you can find out more about Tony in the Tony Robbins Wiki]

Tony Robbins House in Florida
In 2013 Tony bought a $24.75 million mansion in Lantana, FL. The property sites on 2 acres and the actual area of the house is 16026 square feet with private ocean front stretching the backyard for a magical distance of 172 feet. The design contains a first floor master suite and 5 bedrooms upstairs. There is also a media and club room on the second floor. For the finishing touch, the backyard possesses an oversize infinity pool and spa.

Tony has plans to improve the property by gutting the already updated interior. The estimated improvement will cost between $8 million and $10 million.

01/04/2019ZONEZI No commentsCelebrities

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While it is common knowledge that Oprah Winfrey is a media mogul (and philanthropist, though she doesn’t really advertise this fact), you may not realize that she is also quite the real estate tycoon. In fact, with homes all over the country, from an equestrian estate in Montecito, CA to rural farm property in East Maui, HI and a gorgeous, yet over-the-top $14 million mansion in Telluride, CO, she has plenty of places to call home. However, it’s her large estate in Montecito, often referred to as the Promised Land, where she can most often be found.

A Quick Look at Oprah’s Montecito Property

Oprah originally purchased the 42-acre estate for $50 million in 2001. (Today, it’s estimated to be worth $88 to $90 million, according to a 2012 tax assessment.) In 2016, she had the opportunity to purchase an adjacent 23.26-acre parcel of land, known as Seamair Farm. For $28.85 million, she picked up the property, which included a 5,000 sq. ft. ranch-style house, a pool, top-of-the-line horse stables, caretaker’s cabin, an equestrian ring, and fruit and avocado orchards. On the other side of the property is a 44-acre dedicated preserve, meaning Oprah doesn’t have to worry about getting any new neighbors, at least on that side. Seeing as Oprah already has an extravagant mansion on the older portion of the property, it’s highly doubtful that she will be moving into the second home.

01/04/2019ZONEZI No commentsCelebrities

Chalong Underpass makes breakthrough

PHUKET: The tunnel that will become the Chalong Underpass has now been fully excavated and the construction engineer for the project still hopes that the underpass will be open to traffic in April.

Somkiet Yimpong, Project Manager at the Phuket office of the Highways Department, told The Phuket News yesterday (Feb 15) that the tunnel breakthrough came in late January.

Works on installing the panelling along the walls of the underpass have already begun, he said.

“We still have to install all the fume-extraction fans, noise dampers, water pumps, lights and other things, but overall right now the construction project stands at 76% complete,” Mr Somkiet said.

Mr Somkiet still hopes for the underpass to open to traffic in April, but might miss the previously hoped for opening before Songkran.

“Once all the systems are installed we will have to go through the testing phase, but hopefully this will be all done before the end of April,’ he said.

Meanwhile, the structure that now sits in the middle of what used to be Chalong Circle is nearly complete.

Construction of the tower is on schedule to be complete next month, Mr Somkiet said.

The tower is being built at a cost of B3 million, as part of the overall B546mn budget for the entire underpass project, he explained.

At the top of the structure is a sculpture of lotus bulb, a Buddhist symbol of peace.

“The design was part of the plans that were approved for the project, and similar Buddhist-themed designs are being used throughout the tunnel itself,” Mr Somkiet said.

We Should Keep First Time Buyers Sweet

It’s clear that first time buyers have very much re-established themselves as a core part of the property market since the recovery started post the credit crunch. The Halifax data clearly shows that FTBs (rightly) decided to rent/stay at home rather than buy during the recession, saving them from potential negative equity issues. This was a sensible move, but statistically has artificially driven up the average age of a first time buyer which will hopefully fall back over the next few years.

Although we haven’t fully recovered to pre-credit crunch sales volumes, FTBs are now a major driver of the property market, partly thanks to government initiatives such as Help to Buy, and this will hopefully improve further following the ‘fall out’ of buy to let investors. But the increased demand and not enough properties on the market means that property price inflation for first time buyers does appear to be slightly higher than other properties, when averaged out, around 6-7%. As with all property data, since the credit crunch we are seeing vast differences on a regional basis, so much so that ‘national averages’ for first time buyers are incredibly misleading to consumers and policy makers and should be ignored.

I’m going to give you some advice I wish someone had given me when starting out, about making your first few sales online.

The first and very most important thing for any startup business is to focus ALL your energy on getting your first few sales, because those first sales will start bringing in cash. You need that cash flow as soon as possible.

Here’s why you should go after the money first: Most people focus on all the wrong things when they’re getting started. When they start running out of money, they panic and a few months later, they usually just quit the whole business.

For example, a friend of mine started an online business. He started writing on his blog every day, but one day I noticed it had been a few months since I had seen his blog, so I asked him what happened.

Without fully realizing it, he was spending all his time creating a fancy logo. He was getting all the latest plug-ins. He was busy, so it felt like he was getting something done.

A week went by, then a month went by, and after three months he had not made a single dollar. After a while of continuing to have nothing coming in, while you’re spending all this time doing all of these things, that really starts to almost get depressing.

You know, a lot of people they go through this same exact situation. After half a year they’ve spent all this time doing all of this stuff they thought would bring them money, but no cash is actually showed up in their bank account.

16/02/2019ZONEZI No commentsNews

According to Juniper Research, the global ride sharing market is estimated to grow to $6.5 billion by 2020 from $3.3 billion in 2015. North America is the biggest region in the industry and is expected to account for a third of the market share. Western Europe and Asia-Pacific, excluding Far East and China, are estimated to be the next big regions. While Uber maybe the biggest known brand worldwide, other local services are making a big impact in their respective regions. Billion Dollar Unicorn club member Careem is leading the market in the Middle East.

Careem’s Offerings

Dubai-based Careem was founded in 2012 by McKinsey alumni Mudassir Sheikha and Magnus Olsson. The service was initially set up as a web-based service for corporate car bookings. But as the market evolved, it transitioned to becoming an app that would allow individuals to book a car for hire. The company has expanded its geographic presence outside of Dubai as well. Today, its service is available in 11 countries and more than 52 cities in the Middle East, North Africa, and Pakistan regions. It claims that it has 150,000 drivers in these countries and helps transport more than 6 million cab riders.

Careem’s Regulatory Concerns

Like Uber, Careem is also no stranger to regulatory controversies. Last year, local taxi drivers in Egypt claimed that Careem was operating without official taxi licenses and demanded government intervention. Luckily for the companies, the Egyptian government ruled in favour of Careem and Uber, thus allowing them to operate legally in the country.

However, things are not so rosy in Abu Dhabi. Ride sharing services of both Careem and Uber were suspended in August without indicating the reason. Earlier this month, Careem announced plans to relaunch its services in Abu Dhabi. It is also adding a new service called Careem Limo to operate under the regulations for limo services in Abu Dhabi. This will make Careem the only ride-hailing app service in the city.

Even in its home town Dubai, Careem has had to revisit its pricing options. Last month, Dubai’s Roads and Transport Authority (RTA) announced a rule to impose some new charges on ride-hailing services. The Authority will be charging a surcharge of AED3 (~$0.82) per trip on Careem users. The surcharge is part of planned new regulations for transport services to deal with app-based ride-hailing platforms. Careem had earlier tied up with RTA in Dubai to allow users to book RTA taxis through the Careem app. The service is expected to be launched soon and will not be charged the surcharge.

16/02/2019ZONEZI No commentsBusiness, News

The smartphones that sit uncomfortably inside our pocket are now more powerful than the large desktop computers from 10 years ago. However, many people will tell you that these fantastic advances in technology are not always a sign of progress.

For example, anyone that remembers the days when the tank like Nokia 3310 ruled the world will scoff at our unusual modern ways. Back in simpler times, you didn’t have to worry about dropping your phone or constantly searching for a power socket to charge your phone, and it even fit in your pocket.

You didn’t feel the need to have to search for a game that you somehow buried on page 7 of your phone apps because the only game you played was called Snake. This was an era where reliability and resilience were rated much higher than shiny new gimmickry.

Sure, there was a reversal of fortune when the iPhone appeared on the scene, and we fell in love with mobile apps and screens that shatter just by looking at concrete. Eventually, Microsoft infamously acquired Nokia’s mobile phone business in 2014 for a whopping $7.17 billion in a move that would eventually be the kiss of death for the Nokia phone as we knew it.

According to Evan Blass, HMD Global Oy, the Finnish manufacturer with exclusive rights to market phones under the Nokia brand have an interesting announcement on the horizon. It appears there are plans to announce four handsets at Mobile World Congress later this month including the much loved Nokia 3310 that many still remember as the first phone they fell in love with.

16/02/2019ZONEZI No commentsBusiness, News

The Condominium Act of 1979 is restrictive of foreign ownership of condominiums in Thailand, but generally allows it for foreigners who permanent residents, or those who have entered the country on an investment promotion visa, or for those who have fulfilled certain requirements related to the transfer or withdrawal of foreign currency. In regards to those foreign currency requirements, the Land Department Regulation Re: Foreign Ownership of Condominium Units of 2004 defines the foreign currency requirements below.

The foreign purchaser must provide evidence of either (1) remitting foreign currency into Thailand, or (2) withdrawing Thai baht from the bank account of a person who is domiciled outside of Thailand, or (3) withdrawing money from a foreign currency account in an amount no less than the purchase price of the condominium unit that is intended to be purchased.

Setting Up Company Partnerships under Thai Law

Siam Legal International | October 10, 2016 | Business in Thailand, Civil and Commercial Law, Company Law, Company Registration

The Civil and Commercial Code of Thailand provides for the formation of partnerships as is found in the laws of other countries. However, partnerships are normally not formed by foreign investors due to particular difficulties that arise due to the Foreign Business Act of 1999. Generally speaking, the formation of a limited company is more advantageous to foreign investors since majority Thai-owned companies with foreign directors are still considered “Thai nationals” for the purposes of the Foreign Business Act. In contrast, partnerships, even if formed with majority Thai capital investment, are still considered “foreign nationals” if the managing partner is a foreign national. Nevertheless, it is possible for foreign nationals to operate business in Thailand as a partnership in certain cases, such as if they are operating a business that is unrestricted by the Foreign Business Act, or if they have obtained a Foreign Business License or a Foreign Business Certificate under the Thai-U.S. Treaty of Amity. A few of the notable points regarding the operation of a partnership is as follows:

There are three forms of partnerships: an unregistered ordinary partnership, a registered ordinary partnership, and a limited partnership.
As for the unregistered ordinary partnership, it refers to a business partnership arising from a contract and does not constitute a juristic person. The partners are jointly and unlimitedly liable for the obligations of the partnership and are bound to each other by the terms of their partnership agreement. If an ordinary partnership is then registered, it will have the status of being a juristic person. Nevertheless the partners are still personally liable to third parties.

Shareholder meetings play an important role in the governance of Thai limited companies since the Civil and Commercial Code require that limited companies be managed by the directors under the control of meetings of the shareholders (called “general meetings” in the Code). The primary instrument used by the general meetings to govern the company are shareholder meeting resolutions which are passed by a majority vote of the shareholders attending the meetings. However, an important legal issue that arises in regards to shareholder meeting resolutions concerns the withdrawal of resolutions after they have been passed by a meeting. Section 1195 of the Civil and Commercial Code provide for the withdrawal of company resolutions. According to that section, a resolution must be withdrawn by court order. Furthermore, only a shareholder or director has standing to challenge a resolution and may make such an application to the Court.

Shareholder meetings are an important element in the management of Thai limited companies, since the authorized directors of the company must manage the company under the control of the meetings of the shareholders. In order to hold a meeting of the shareholders, a meeting has to be called according to the procedure defined in the Civil and Commercial Code. One of the procedures according to the Code is that a notification must be delivered to the shareholders.

Section 1175 paragraph one requires that an advertisement must be published in a local newspaper at least once before the date of the meeting no less than 7 days in advance and a notification must be sent by post with acknowledgment of receipt to all shareholders whose name appears in the shareholder registry no less than 7 days in advance of the date of meeting. However, for extraordinary meetings of the shareholders, the aforementioned procedure must be performed no less than 14 days in advance of the date of the meeting.

According to Section 1244, a notification shall be deemed to be delivered to a shareholder if it is delivered to him personally. Furthermore, if the notification has been delivered to the address of the shareholder that appears in the shareholder registry, the shareholder shall be deemed to have been duly notified.

According to Thai Supreme Court Decision No. 384/2506: “Section 1175 of the Civil and Commercial Code regarding notifications of a general meeting of the company only requires that a notification of the meeting be sent no less than 7 days. Therefore, where the Defendant, who is a company liquidator, has sent a notification by post no less than 7 days in advance of the meeting and Plaintiff, who is a shareholder, has received it, then it shall be deemed that Defendant delivered the notice correctly according to the law and it is not relevant as to what day Plaintiff actually received it.”

Furthermore, Section 1175 paragraph two requires that the time and location of the meeting be indicated in the notification, as well as the agenda for the meeting. If a special resolution is to be considered, then the substance of the resolution must be included in the notice.

According to Thai Supreme Court Decision No. 2644/2520 “a general meeting wherein a matter is considered outside of the agenda, a resolution passed by the shareholders to pay a debt which the shareholders themselves are the creditor and have a personal interest violates Section 1174 and 1175.”

Thai corporate law is complex. Foreigners who are in charge of managing a Thai limited company are advised to consult with competent Thailand lawyers.

The requirements and legal procedures involved in buying land in Thailand as a company (particularly with foreign shareholders) is quite complex. Siam Legal has therefore compiled this reference guide to help its corporate clients prepare the necessary documents and evidence required in order to avoid needless mistakes and costly delays when appearing before the Land Official for the transfer of ownership. The guide below can also generally apply to condominium transactions, except that foreign companies are not restricted from owning condominium units outright.

The acquisition of land or a condominium unit in Thailand by a foreign government for official use, such as for use as an embassy or consulate, is not covered by any specific legislation. Therefore, assuming that a foreign government intended to acquire land or other immovable property in Thailand for official use, such an acquisition must be done by reciprocal agreement between nations, although not falling under the terms of Section 86 of the Land Code (as stated in Land Department Announcement No. 0610.4/893 issued on 2 August 1994). Furthermore, the Thai Cabinet has issued a number of resolutions on this matter which can be summarized as follows:

19 February 1958: According to this resolution where a foreign government wishes to purchase land for official use or for the use as a residence for their officials in an area not exceeding 15 rai, regardless of whether it is one plot or several, then the Land Department may proceed to allow the acquisition. If the amount to be purchased is more than the amount specified, then permission may sought from the Cabinet on a case by case basis.
1 April 1997: This resolution addressed the acquisition of land by social countires. Since the acquisition of land in Thailand by foreign governments had to follow the principle of reciprocity and since socialist governments do not allow foreign governments to acquire land in their countries, then accordingly Thailand could not allow socialist countries to purchase land in Thailand, but could only allow them to lease the land. However, due to the interest of maintaining stable relations with foreign countries, the Thai government would have to purchase the land from the private owner first and then enter into the lease agreement with the foreign socialist government.
An interesting issue arose when the Taiwan Economic and Trade Office in Thailand wished to purchase a land and building for official purposes. The Land Department considered the matter and concluded that the acquisition of land in Thailand by foreign government had to be done on the basis of reciprocity. However, since the Thai government had not recognized the sovereignty of Taiwan, the Thai government could not enter into any such reciprocal agreement with the Taiwanese government. Therefore, on 5 February 2000, the Cabinet allowed the Thai Economic and Trade Office to enter into an agreement with the Taiwan Economic and Trade Office regarding reciprocity in the purchase and acquisition of land for both parties.

The acquisition of land by foreigners is a complex legal subject in Thailand. Foreigners seeking to acquire land in Thailand are advised to consult with competent Thai legal counsel before proceeding.

Cold Calling is, by some distance, the most controversial topic in the sales community right now.

There’s been a lot of articles written about it and everyone has strong opinions. Most people are talking from personal experience and some with the benefit of having run a team.

I work for a company that makes more than 40,000 cold calls per week, to all parts of the globe. Does that give me more insight than most? I’m not sure, but here’s my tuppence worth to add to the debate, tell me what you think once you’ve read about what we’ve learned.

First the good news – it does still work – no matter what anyone tries to tell you.

Now the bad; cold calling isn’t easy and never will be…period. But the worst thing about it? The time it takes.

Does that time make it a viable way for an expensive BDM to spend their time? Again, things aren’t as black and white as most arguments I’ve seen and read. The genuine answer is; it depends.

On what?

Geography is, perhaps surprisingly, one of the biggest variables. Both where you are calling to and from. Brand recognition is huge. Having an engaging story is way more important than your product. Saturation plays a part – we know this more than most as a telemarketing agency – I’m not sure there’s a marketing or sales director (our usual KDM’s) who hasn’t been called a thousand times by telemarketing agencies. Timing is more important than people give it credit for. Data is the essential fuel required for cold calling. Ability is important, experience less so. What you say isn’t nearly as important as how you say it (despite the endless articles about what words to use). But attitude is, by some distance, the biggest single determinant of a successful outcome.

Before I go any further – we need to define what I’m talking about when I say cold call.

I went to see Joanne Black give a talk this morning (thanks John Smibert and Tony Hughes for inviting her Down Under) and I agree with Joanne’s definition as; someone who I have never spoken to, who doesn’t know me and whom I’m now calling out of the blue.

Everything else has caveats.

Talking of caveats or perhaps disclaimers – I had better cover some of those before I go any further. These are my personal observations made from watching, hearing and getting results on the more than 40,000 cold calls we, as in the company I work for, make every week to various parts of the world. What I’m sharing are generalisations. But I won’t share data, as my boss wouldn’t dream of letting me, and I doubt our clients would be very happy if I did. I see exceptions to everything I’m about to say… every single day.

16/02/2019ZONEZI No commentsBusiness, News

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