Nowadays, digital technology is used daily in all walks of life. As a result, the number of digital media platform providers have increased significantly. A Digital Platform is an electronic tool for communication for desktops, mobiles, social and emailing software, including websites and Social Media (e.g., Facebook, Twitter, Google, YouTube, Amazon. Therefore, The Draft of the Decree has been proposed to encourage economic development.
The Draft of Decree highlight’s the scope of business services that must be notified and regulated for operating a business service for digital platforms allowing businesses to operate these mediums with transparency and fairness.
The Draft of the Decree is summarized and contains information with respect to the following:
- The entrepreneur of the digital platforms shall be notified to the ETDA (Electronic Transactions Development Agency) before operating such business and informed of all relevant information every year within 90 days after the fiscal year-end.
- For businesses operating before the Royal Decree becomes effective
- International digital platforms shall have a representative in Thailand, which has to limit liability.
- Responsibilities of the entrepreneurs of digital platforms.
- Liabilities and damage remedies of the entrepreneur of digital platforms.
- Criteria for terminated business.
- Support digital platforms business.
The Draft of Decree is currently under the hearing process until 25 March 2022.
If readers RSM Focus would like more information about the draft decree or require more information about the legal services provided by RSM (Thailand) Limited, please contact Khun Pardorn Suchiva on [email protected] as he is the Legal Director Head of legal services Bangkok.