Multi-Chambers The New Merger Provisions in the Trade Competition Act: How Should Your Business Prepare?
AMCHAM in collaboration with BCCT and AustCham invite you to an evening presentation on new merger provisions in the Trade Competition Act and its implications for your business.
The amended Trade Competition Act (2017) imposes substantial merger notification obligations where relevant turnover exceeds 1 billion Baht. Mergers are defined to include not only mergers between competitors or between buyers and sellers but also the acquisition of all or part of the assets or stocks in order to control another business.
Permission must be obtained from the Trade Competition Commission in advance where the outcome leads to a monopoly or a dominant position. Other mergers that ‘substantially reduce competition’ must be notified to the Commission within seven days of completion. To comply, businesses contemplating mergers or acquisitions must aware of all relevant competition law markets involved in the transaction and be able to assess the likely impact of the merger on competition.