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The new Trade Competition Act B.E. 2560 (2017) ("2017 Act") has come into force on 5 October 2017, repealing and replacing the first competition law in Thailand, the Trade Competition Act B.E. 2542 (1999) ("1999 Act"). Further implementing regulations and notifications will need to be issued in order to clarify the full scope of the 2017 Act.
The 2017 Act is expected to herald increased enforcement as it establishes the Trade Competition Commission as a separate entity independent of the government, with its own budget.
Another key change is that, whereas state enterprises are completely excluded from the 1999 Act, under the 2017 Act they will be exempted only in limited circumstances, such as where they carry out activities pursuant to a law or cabinet resolution as required for national security, public interest, common interest or to provide public utilities.
For further details of the provisions of the 2017 Act and how they differ from the 1999 Act, please refer to our Client Update here.
Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only
intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.
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R&T Asia (Thailand)
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Units 12A - 12F , Ploenchit Road, Lumpini,
Pathumwan, Bangkok 10330, Thailand
http://th.rajahtannasia.com
Contacts: Surasak VajasitManaging PartnerD +66 2656 1991F +66 2656 0833surasak.v@rajahtann.comKrida PhoonwathuPartnerD +66 2656 1991 F +66 2264 5057krida.phoonwathu@rajahtann.comNattarat BoonyatapPartnerD +66 2656 1991 F +66 2264 5057nattarat.boonyatap@rajahtann.comMelisa UremovicDeputy Managing PartnerD +66 2264 5055 F +66 2264 5057melisa.u@rajahtann.comPiroon SaengpakdeePartnerD +66 2264 5055 F +66 2264 5057Piroon.s@rajahtann.com| Rajah & Tann Asia is a network of legal practices based in Asia. |
Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client. |
This update is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this update. |
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