The Trade Competition Commission of Thailand published a draft amendment of the Notification of the Trade Competition Commission re: Guideline on Fair Trade Practices relating to Credit Terms with SMEs Offering Goods or Services (or commonly referred to as the SME Credit Term Guideline). This is the first amendment after the guideline became effective in December 2021 and is now open for public hearing.

ESG (Environmental, Social, and Governance) considerations are growing in importance for companies and businesses globally, so much so that we have now arrived at the point where ESG has become one of the key priorities in boardrooms everywhere. Regulations are emerging, the pressure from stakeholders is increasing, and consumers are becoming more conscious of ESG issues, which is influencing their purchasing decisions as noted recently by the Head of Marketing at a Thai consumer goods company, “Consumers increasingly want to purchase products from organizations that are good at achieving their ESG goals

The Office of the Trade Competition Commission (OTCC) has recently opened a public hearing on the draft new unfair trade practice (section 57) guideline which will replace the current guideline once it becomes effective. The draft new guideline revises certain defined terms and provides more details on acts that may constitute an offense under section 57 of the Competition Act.

Draft guideline on unfair trade practices for food delivery platform operators
OTCC announced amendments to the Unfair Guideline for Franchise

OTCC has completed a public consultation on its draft guidelines on unfair trade practices for food delivery platform operators. Further amendments to the OTCC’s guidance for franchise businesses clarify details of “fair practice” if a franchisor wishes to open another franchise outlet in the same locality as existing franchisees.

This update was published on 16 October 2020 as part of our quarterly newsletter, Asia Pacific Competition Highlights. Click here to access the full report, which covers the most notable antitrust developments across 11 Asia Pacific jurisdictions.

2019 saw both antitrust legislative and enforcement developments. Most notably, the Office of Trade Competition Commission (“OTCC”) reopened unsettled abusive and unfair treatment cases, and imposed a fine penalty which marked the Thai competition agency’s first penalty in almost 20 years since the Trade Competition Act 1999 (the predecessor of…

Request a copy For over 40 years, the team at Baker McKenzie, Bangkok has assisted foreign individuals and international companies who are seeking investment opportunities in Thailand. Doing Business in Thailand is your personal guide to the key aspects of Thai law that significantly affect the way business is conducted…

The Trade Competition Commission has imposed fines in three competition cases passed to it by the previous Commission under the Department of Internal Trade, the Ministry of Commerce. The fines, totaling slightly over a staggering Baht 12 million, marked the Commission’s first enforcement action after its establishment as an independent…

The merger control regime under the Trade Competition Act, B.E. 2560 (2017) has been in full effect since the end of 2018 due to the promulgation of all relevant subordinate legislation. Merger control and clearance has developed into a major international issue for companies looking to merge operations across different…

Background and Rationale Trust, honesty and responsibility to the insured and the public are the key pillars of the insurance industry. These pillars are generally reinforced through the maintenance of good corporate governance. With an aim to promote and ensure corporate governance, the Office of Insurance Commission (the “OIC”) published…