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Regional Shipping Update: Shipping Law Updates – First Quarter 2021

This is the First Quarter 2021 issue of the Regional Shipping Update of Rajah & Tann Asia’s Shipping & International Trade Practice, a publication that provides a snapshot of the key legal issues in various jurisdictions where our member firms have regional presence.

In this issue, we provide an overview of the procedures for arresting a vessel in Vietnam. We also report the measures that Singapore has recently introduced to ensure safe and responsible practices in the maritime and shipping sector amidst the COVID-19 pandemic.

Guideline on Unfair Trade Practices of Online Food Delivery Platforms

The COVID-19 pandemic in Thailand has seen escalating consumer demand for the use of food delivery digital platforms ("Online Food Delivery Platforms"), as well as an increase in complaints by restaurant operators regarding the unfair trade practices adopted by certain Online Food Delivery Platforms.

The Trade Competition Commission has issued the Notification of the Trade Competition Commission regarding the Guideline of Considering Unfair Trade Practices between Online Food Delivery Service Providers and Restaurant Operators ("Notification"). The Notification, which took effect on 23 December 2020, provides a guideline of the practices which may be considered as causing damage to restaurant operators in breach of Section 57 of the Trade Competition Act B.E. 2550 (2017), referred to as the "unfair trade practices" provision. This Update highlights the key elements of the Notification.

Board of Investment's Acceleration Measures for 2021

On 21 December 2020, Thailand’s Board of Investment approved a series of investment acceleration measures to stimulate Thailand’s economy and encourage businesses to adopt digital technologies in 2021. A notification containing details of the measures is yet to be issued. The additional incentives to accelerate investment include a corporate tax exemption and large tax deductions, with each investment acceleration measure providing different privileges. These incentives are summarized in this Update.