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The Trade Competition Act B.E. 2542 (1999) came into affect on May 1, 1999. The main objective of the Act was to create free and fair trade for Thailand’s business community. However, the aim of the Act has not been achieved during the past eight years and it could be argued that the Act had become a ‘Paper Tiger’ since it was promulgated. The inefficacy of the Act has largely been due to that fact that no Royal Decree had been issued determining the meaning of ‘Market Dominance’. Since enactment, many consumer groups have tried to push past governments to issue the Royal Decree to define Market Dominance but until recently, their efforts were ignored. The lack of action on this issue may well have been due to the fact that the definition of Market Dominance is likely to have an adverse effect on the business groups that back political parties. → Read more

Background information

Shin Corporation Public Company Limited (Shincorp) is a public company listed on the Stock Exchange of Thailand. Shincorp is a telecommunications holding company with investments mainly focused on the telecoms industry, as well as others. Shincorp investments include the following:

Background information

Shin Corporation Public Company Limited (Shincorp) is a public company listed on the Stock Exchange of Thailand. Shincorp is a telecommunications holding company with investments mainly focused on the telecoms industry, as well as others. Shincorp investments include the following: → Read more

In brief: On 9 January 2007, the Cabinet of the Thai government approved in principle a draft bill making significant changes to foreign direct investment into Thailand. Partner Adam Lunn and Senior Associate Jeremy Chase report on this significant development.→ Read more
In brief: Partner Lampros Vassiliou considers proposed regulations governing planners appointed under Thailand's rehabilitation laws. Will the ability of creditors to adequately asses a debtor's financial position be threatened?→ Read more
In brief: The Central Bankruptcy Court’s conclusion that Thai Petrochemical Industry Public Company Limited (“TPI”) was insolvent was seen by many as an indication that the Thai courts had accepted the cash flow test of insolvency. This is, sadly, far from accurate, writes partner Lampros Vassiliou.→ Read more
In brief: Partner Lampros Vassiliou considers the reforms introduced by Thai legislators in the wake of the Asian economic crisis.→ Read more