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Legal Disputes
As of December 31, 2022, there were a total of 21 ongoing lawsuits against the Company, with an aggregate
claim amount of approximately Baht 515.13 million. Most of them are civil cases concerning revocation of juristic acts
or tort cases with claims for damages arising from the Company’s ordinary course of business.
Bangkok Commercial Asset Management Public Co., Ltd.
The Company may have liabilities incurred from the claims for damages in various cases and the management
must exercise their discretion to evaluate the outcome of these cases. In the event where the management is
confident that no damage will be incurred from any cases, the Company will not record provisions for any such cases
in accordance with its accounting policy. As of December 31, 2022, the Company set aside an allowance for provisions
for litigation in a total amount of 32 million Baht. Such allowance is provided for legal disputes that arise from the
Company’s ordinary course of business and are considered insignificant.
