Thailand: Implemented Trade Competition Act (B.E. 2560) including unilateral conduct regulation

On 5 October 2017, the Trade Competition Act (B.E. 2560) was implemented. The Act replaces the previous Trade Competition Act (B.E. 2542) and introduces exemptions for central, regional, or local administrations, state-owned enterprises, public organisations, farmer groups, cooperatives, and businesses regulated under other sectoral laws. In addition, the Act prohibits business operators from using their dominant market position to fix prices, limit production, obstruct competition, or engage in unfair trade practices. Furthermore, damaged parties can file lawsuits for compensation within one year of knowing the cause of the damage. Violations of the Act can result in criminal and administrative penalties, including imprisonment and fines. Moreover, transitional provisions ensure continuity, with existing regulations under the previous Act remaining effective until new regulations are issued under the new Act.