Answer ... Section 51 of the Trade Competition Act of 2017 sets out the general legal framework for merger control in Thailand. Multiple notifications of the Trade Competition Commission (TCC) have been issued pursuant to Section 51, to provide further details and clarification of the legal requirements.
Answer ... Certain sectors are subject to different merger control regimes, such as financial institutions, insurance, telecommunications and broadcasting.
Answer ... The TCC is generally responsible for enforcement of the merger control regime under the Trade Competition Act. Other agencies – such as the Bank of Thailand, the Office of the Insurance Commission and the National Broadcasting and Telecommunication Commission – are responsible for enforcement of the merger control regimes under other specific laws.
Merger control regulators generally have the authority to issue sub-regulations, approve proposed mergers, impose conditions on approved mergers, impose penalties on non-compliant businesses and so on.