Thailand to Overhaul Trade Competition Law
24 February 2010
Mayer Brown JSM Legal Update
Criticised for being ineffective, the Trade Competition Act B.E. 2542 of Thailand ("Trade Competition Law") is facing an overhaul. The law regulates trade by restricting monopolistic and unfair trade practices in Thailand to level the playing field for all business players - large, medium and small - for the benefit of free and fair competition in the market. The Ministry of Commerce is expected to propose amendments to the Cabinet before May 2010.