Newsletter
Thailand: Update on Cartel Regulation and Leniency Program
On 19 June 2023, the Office of Trade Competition Commission hosted an online information session on their internal undertakings. The session was centered around cartel enforcement and a prospective leniency program. The authority, in line with authorities in other nations, stressed their utter disapproval of commercial arrangements between different competitors, as cartel arrangements have a direct impact on the level of competition in the market, and their prolonged existence will definitely result in a negative impact on prices, and scope and quality of products and services. The authority also provided hints that they may be working with authorities in other jurisdictions and will exchange information in order to investigate cartels that transcend jurisdictional boundaries.