The Thailand Trade Competition Act (hereafter called “the Competition Act”) began with the enactment of the Price Fixing and Anti-Monopoly Act of 1979. The 1979 Act consists of two parts. The price fixing part and the anti-monopoly part. The anti-monopoly part of the 1979 Act is aimed at promoting fair competition..
What is the monopoly law in Thailand?
Section 58: No business operator shall carry out a legal act or enter a contract with a business operator in a foreign country without appropriate justification, where that action will result in a monopoly conduct or unfairly restrict trade, as well as cause serious harm to the economy and consumers' benefits as a Jul 2, 2023.
What is the trade Competition Act 2017 Thailand?
The Current Act prohibits a business operator, who has business relationships with business operators outside Thailand (regardless of whether on a contractual basis or related to policies, partnership, shareholding, or any other similar form), from carrying out any act which would cause a person residing in Thailand .
What is the Unfair Competition Act in Thailand?
The Trade Competition Act B.E. 2542 (1999) (the “Current Act”) specifies that any person who violates the 'Abuse of Dominant Position', a 'cartel', 'unfair trade practice' or an 'unreasonable agreement with a business operator based abroad' shall be subjected to criminal penalty..
Main features of the law. Prohibition on restrictive agreements, concerted practices, abuses of a dominant position and unfair trade practices
The Competition Act came into effect on April 30, 1999. 2. Objective of the Act. Its objective is to promote fair and free trade with competitive environment.
A Spike in Competition Law Enforcement
The high number of complaints made to the Commission this year confirms Thai business operators’ and consumers’ growing awareness and willingness to make use of their local competition law. The Commission has issued various rulings that serve as precedents and insights into the Commission’s interpretation of the law, including on the scope of unfai.
Advancing Merger Control Administration
The OTCC used its experience of over 19 merger notifications and five merger pre-closing approvals2to date to overhaul the merger post-closing notification form. It has changed it from a 4-page form to a more extensive 15-page information request list relating to the merger. The new version of the merger notification form will come into force on 1 .
How does the Competition Act prevent competition?
The Act prevents restrictions of competition. In particular, the Act:
prohibits joint actions between business operators which monopolise
reduce or restrict competition (anticompetitive agreements and practices) (Sections 54 and 55 of the Act); prohibits the abuse of a dominant position (Section 50 of the Act); .
Increasing Cooperation Between Regulators
To promote efficient enforcement, the Commission acknowledges the importance of cooperation and collaboration with other government agencies, both nationally and internationally. Domestically, on 22 November 2021, the Commission signed a Memorandum of Understanding on cooperation with respect to the supervision of competition in the energy sector b.
New Regulations For Digital Platforms
Throughout the Covid-19 pandemic, online businesses flourished, especially in the food delivery industry as a result of dine-in restrictions. Following complaints, the Commission has been carefully monitoring e-commerce platform operators and in November 2020 issued the “Guidelines on Unfair Trade Practices between Digital Platform Operators for Fo.
Protection of SMEs
The Commission also issued “Guidelines on Fair Trade Practices concerning Credit Terms for Small and Medium Enterprises (SMEs)” (the Credit Terms Guidelines) on 24 May 2021. According to statistics provided by the Office of SMEs Promotion in Thailand, around 3.1 million SMEs1operate in Thailand, amounting to up to 99.5% of total Thai business opera.
What happened to Thailand's competition law in 2020?
Thailand had an unprecedented year for competition law in 2020. Notably, the year saw one of the most notable conditional merger decisions – relating to the sale of world-renowned “Tesco Lotus” to the CP Group – imposed since the Trade Competition Act B.E. 2560 (the Act) entered into force.
What is a monopoly law in Thailand?
The Act (Section 58) also expressly prohibits agreements between domestic and offshore operators which could create a monopoly or unfair trade restrictions and cause severe damage to the Thai economy and consumer as a whole. The competition authority responsible for enforcing the Act is the TCC, as well as the TCCT, its administrative office.
What is Thailand's competition regime?
Generally, Thailand’s competition regime is based on the Trade Competition Act B.E. 2560 (2017) (the TCA) and its implementing regulations, except for certain industries which are governed by sector-specific competition regulations. The TCA is designed to promote free and fair competition by suppressing anticompetitive behaviors.
Competition law of thailand
Brewing beer in Thailand began in 1933 with the granting of a brewing license to 57-year-old Phraya Bhirom Bhakdi, born Boon Rawd Sreshthaputra. His company, Boon Rawd Brewery, produces Thailand's oldest and best-known lager, Singha. Singha is sold in Thailand in standard, light, and draught versions.
The Constitution of the Kingdom of Thailand provides the
Basic governing law of Thailand
The Constitution of the Kingdom of Thailand provides the basis for the rule of law in Thailand. Since the abolition of the absolute monarchy in 1932, Thailand has had 20 charters or constitutions, an average of one roughly every four years. Many changes followed military coups, reflecting the high degree of political instability in the country. After each successful coup, military regimes abrogated the existing constitution, generally without public consultation.
The Thai National Anthem is the title of
National anthem of Thailand
The Thai National Anthem is the title of Thailand's national anthem, which was adopted in its current form on 10 December 1939. It replaced Sansoen Phra Barami in 1932, which remains as the royal anthem of Thailand. The melody was composed by Phra Chenduriyang, and the words were made by Luang Saranupraphan. Phleng chāt, literally meaning national anthem, is a general term for a national anthem. The term is also used to refer to this specific song.
The Trade Competition Commission, served by its operating body the Office of Trade Competition Commission (OTCC), is the competition regulator of Thailand. First established in 1999, it was reconceived as an independent agency with regulatory powers in 2017.
