Asean: Governance, has anything changed?

In July, a Boeing 737 belonging to Thailand’s crown prince touched down at Munich airport. It was to stay there much longer than planned. The German authorities, when they realized who owned the aircraft, seized it in connection with a long-standing payment dispute between a failed German construction group, Walter Bau, and the Thai state, which insolvency administrators claim owes it more than €30 million – the reason the company went under in 2005.

In July, a Boeing 737 belonging to Thailand’s crown prince touched down at Munich airport. It was to stay there much longer than planned. The German authorities, when they realized who owned the aircraft, seized it in connection with a long-standing payment dispute between a failed German construction group, Walter Bau, and the Thai state, which insolvency administrators claim owes it more than €30 million – the reason the company went under in 2005.

The dispute dated back 20 years, to the construction of a road between Bangkok and its airport.

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