On 22 February 2023, the outgoing chairman of the Trade Competition Commission of Thailand ("TCCT") Sakon Varanyuwatana stated that the proposed amendments to the Trade Competition Act ("TCA") would likely be ready for submission to the government in the third quarter of 2023. Possible areas of amendments include merger filing procedures and the definitions of market dominance and state-owned enterprises, among others. TCCT is also considering introducing leniency into the TCA, as Thailand is one of the only jurisdictions in the Asia-Pacific region where a leniency program has yet to be introduced.
For more information, click here to read our Competition Bites 1Q 2023 (page 11).