Today, the new Trade Competition Act B.E. 2560 (2017) was announced in the Royal Gazette. In brief, the key timeline under the new Act is as follows:
i. It will become effective after 90 days from the date of announcement i.e. 5 October 2017 (the Effective Date).
ii. The new Trade Competition Commission must be appointed within 270 days from the Effective Date. Kindly note that during the appointment period, the existing Trade Competition Commission appointed under the former Trade Competition Act B.E. 2542 (1999) will act as the interim commission.
iii. The subordinate regulations must be promulgated within 365 days from the Effective Date
Stay tuned for a series of our newsletters during the course of the next few months discussing the key elements of the new Act.