Answer ... Upon receipt of an application (a request for approval), all required supporting documents and the filing fee from the applicant, the Office of the Trade Competition Commission (TCC) will forward the documents to the TCC within seven days.
The TCC has a general timeframe of 90 days to complete its review and approve or reject the proposed merger. Additional information and documents may be requested from the applicant and other parties by the TCC.
If necessary, the TCC’s review timeframe may be extended for an additional period of not more than 15 days.
The Office of the TCC will inform the applicant within seven days from the date of the TCC’s decision.
Answer ... It is expressly stated in the Trade Competition Act that the TCC shall exchange information and cooperate with its counterparts in other jurisdictions. However, the extent of such cooperation in reality is still unclear, as the merger control regime is still very new in Thailand.
Answer ... The TCC may request additional information and documents from the applicant and other parties as it sees fit.
Answer ... Conceptually yes, but this largely depends on the actual circumstances.
Answer ... The three main points that the TCC will take into account are as follows:
- business necessities;
- impact on the economy; and
- impact on consumers in general.
Answer ... It is still unclear whether non-competition related issues will also be considered (as the merger control regime in Thailand is still very new), but the answer is possibly yes.