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ARTICLE · 26 FEBRUARY 2018

Insight Into The New Trade Competition Act

Baker McKenzie
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The Trade Competition Act aims to resolve delays and failures in enforcing the competition law in Thailand for the past 18 years.

ThailandAntitrust/Competition Law
Pornapa Thaicharoen
Pornapa Thaicharoen
Ampika Kumar
Ampika Kumar

The Trade Competition Act aims to resolve delays and failures in enforcing the competition law in Thailand for the past 18 years.

AN OVERVIEW

On 5 October 2017, the new Trade Competition Act B.E. 2560 (2017) (the New Act) came into effect. The New Act has repealed and replaced the Trade Competition Act B.E. 2542 (1999) (the Previous Act) in its entirety. It aims to resolve delays and failures in enforcing the competition law in Thailand for the past 18 years.

What has changed?

The New Act covers the same general areas as the Previous Act, such as restrictions on the abuse of dominant positions, anti-competitive mergers, unfair trade practices, as well as restrictive agreements or practices among business operators. Key changes include the following:

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