For one thing, only Thais are allowed to own land in Thailand so the Grebstads and Mr. Hicks used their companies to form a joint venture, Samui Concepts, which formally owns the property.
For one thing, onlyThais are allowed to ownlandinThailandsothe GrebstadsandMr.Hicksusedtheircompanies to form a joint venture, SamuiConcepts, whichformallyowns the property.