The Civil Court of Thailand has delivered a significant verdict in the ongoing legal dispute concerning Thai Airways International Public Company Limited (SET: THAI), granting the national carrier much-needed regulatory clarity.
On January 6, 2026, the Court of First Instance ruled to lift a temporary injunction, enabling Thai Airways newly appointed board of directors to assume their roles with immediate effect, following a shareholder complaint that sought to annul key resolutions passed during Thai Airways’ 2025 Annual General Meeting (AGM).
The lawsuit, originally filed by shareholder Dr. Jermsak Pinthong and associates, challenged the validity of the AGM, claiming procedural irregularities and seeking to overturn decisions regarding the appointment and expansion of the board of directors.
According to the source close to the matter, the court, on August 13, 2026, found that the AGM had been conducted in compliance with company bylaws, specifically noting that the requirements for director rotation were properly observed.
Addressing concerns that the AGM was not convened within four months as typically mandated, the court cited Thai Airways’ status under business rehabilitation during the period in question, which justified the timing. The court stated that after emerging from rehabilitation, it was appropriate for the board to fulfill its statutory and regulatory duties—including convening the AGM pursuant to company rules.
This judgment follows the recent revocation of a temporary injunction, which had previously prevented the new board from performing their duties.
This court decision marks a turning point for Thai Airways as it stabilizes its governance framework and prepares to accelerate its strategic plans following a prolonged period of uncertainty.
