Limited Partnerships in Thailand exist when where there are one or more partners whose liability is limited to such amount as they may respectively undertake to contribute to the partnership, as well as one or more partners who are jointly and unlimitedly liable for all the obligations of the partnership.
Limited Partnerships in Thailand are required to be registered and are considered to be a legal entities. Only the unlimited partner, is able to act as a managing partner. Therefore, if a partner whose liability is limited interferes with the business, they will become the unlimited partner and so will their liability shift to unlimited.
Liquidation of a Limited Partnership is a little complex and requires the services of a lawyer specializing in Limited Partnerships. Section V subsections Section 1247 though to 1274 cover most of the requirements. Here is a quote; "The liquidation of a bankrupt registered partnership, or limited partnership shall be made, as far as practicable, in accordance with the provisions of the Thai Law of Bankruptcy".
The process to register a Limited Partnership is very similar to the process required to register an Ordinary Partnership..