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The New Competition Law in Thailand Approved

 

20 July 2017

On 7 July 2017, Trade Competition Act B.E. 2560 (2017) (the New Act) was published in the Government Gazette of the Kingdom of Thailand, and will become effective 90 days following the date of publication, ie on 5 October 2017.

It will be followed by the adoption of implementing rules, which will be issued within 365 days from the effective date of the New Act. The New Act completely repeals the Trade Competition Act B.E. 2542 (the Previous Act) of 1999, with the most dramatic change being the introduction of a dual merger control regime.

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