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Nutavit Sirikan

Senior Associate

Biography

Nutavit Sirikan is a senior associate in Tilleke & Gibbins’ corporate and commercial group in Bangkok. Nutavit advises both Thai and international clients on a range of transactional matters, including M&A transactions, due diligence, e-commerce, company formation, obtaining foreign business licenses, joint ventures, investment promotions, and capital markets.

Committed to the long-term success of his clients, Nutavit also provides pragmatic and holistic regulatory compliance strategies in relation to antitrust and competition, labor and employment, and technology, media, and telecommunications. Chambers Asia-Pacific has named Nutavit an Associate to Watch in the Competition/Antitrust practice area.

Nutavit holds an undergraduate law degree and a master’s degree in business law from Thammasat University, and a master’s degree in competition law from King’s College London which he received with distinction. He is a member of the Thai Bar Association and the Lawyers Council of Thailand. Nutavit is fluent in both Thai and English.

Experience

  • Entrusted by Restaurants Development Co., Ltd., a franchisee for KFC restaurants in Thailand, to provide legal advice on potential competition law issues relating to its franchise rights granted by Yum Restaurant International (Thailand) Co., Ltd., particularly with respect to local rules and restrictions on the expansion of franchise outlets.
  • Reviewed a joint venture agreement and provided legal opinions and pragmatic strategies to avoid noncompliance with competition laws.
  • Conducted in-depth analysis of e-commerce and payment transactions. Advised the client on compliance with foreign exchange regulations and anti-money laundering provisions, as well as financial fraud.
  • Assisted a Korean client with banking and finance matters, including reviewing a construction contract, clarifying contractual terms, and helping the client raise a defense regarding an alleged breach of bank guarantee obligations.
  • Advised a client on employment matters involving severance pay, extending employment contracts, employment after retirement, and employee drug testing. Provided practical legal opinions and recommendations on compliance with employment laws.
  • Advised a fintech company on establishing its operations in Thailand to provide an e-payment platform and e-wallet services for its parent company’s airline business. We assisted with the full range of corporate formation and regulatory matters, including consultation with the BOT and the Ministry of Commerce. We have since been retained to advise on all contractual and transactional matters arising out of their operations.
  • Represented one of the world’s leading e-commerce marketplace/digital wallet operators on legal compliance and strategies for potential new lines of online business in Thailand.
  • Advising one of the largest mobile messenger application operators in Thailand on establishing a joint venture with one of Thailand’s largest banks, to provide e-money and e-payment services through our client’s mobile application.
ABOUT Nutavit

Location

Languages

    Thai

    English

Education

    LLM, King's College London

    PG Dip, EU Competition Law, King's College London

    LLM, Chulalongkorn University

    MA, Thammasat University

    LLB, Thammasat University

Insights

September 30, 2026
On September 23, 2026, the Trade Competition Commission of Thailand (TCCT) launched a one-month public consultation period on a proposed notification that would overhaul how antitrust offenses under the Trade Competition Act B.E. 2560 (2017) are settled and penalized. The draft notification would replace the existing 2019 settlement framework with more detailed procedures, introduce offense-specific methods for fine calculation, and add tiered deterrence multipliers. Comments may be submitted until October 22, 2026. Restructured Settlement Procedures and Timelines The proposed notification formalizes the settlement process with clearer terminology and mandatory procedural steps. Once the TCCT determines that an accused party has committed an offense that does not warrant imprisonment, the commission would fix the settlement fine amount. The accused would have 15 days from receipt of the summons to appear before the TCCT, though this period may be extended if necessary. If the accused confesses, consents to settlement, and pays the fine within the prescribed period, the criminal case would be closed and the settlement recorded. Refusals would also be recorded for further arrangements, and failure to appear, pay, or consent would result in the TCCT forwarding the case file and its recommendation—along with the accused’s fingerprints—to the public prosecutor. Notably, the draft allows accused parties to request settlement even after the TCCT has recommended prosecution but before the public prosecutor files charges, subject to prosecutorial consent. The draft preserves TCCT discretion to decline settlement where the accused has committed more than three prior offenses or where the violation has substantially impaired free and fair competition, directing such cases directly to prosecution. Fine Calculation Frameworks The proposed notification establishes different fine calculation approaches depending on the type of Trade Competition Act violation. For the most serious offenses (such as abusing market dominance, making anticompetitive agreements, or forming hardcore cartels) the
September 25, 2026
On September 22, 2026, the Trade Competition Commission of Thailand (TCCT) opened a one-month public consultation period on proposed amendments to three key competition regulations, covering (1) the criteria for determining market dominance, (2) the definition of “monopoly” under Thailand’s premerger approval regime, and (3) the definition of a merger that may substantially lessen competition under Thailand’s postmerger notification regime. The public hearing period closes on October 21, 2026. The proposed changes could significantly affect merger filing obligations and the assessment of market dominance under the Trade Competition Act B.E. 2560 (2017) (TCA). The scope of the consultation and the proposed changes are outlined below. Market Dominance Criteria The draft notification on market dominance criteria proposes changes to the tests for both single-firm dominance and collective dominance, which would be measured using concentration ratios, as follows: Single-firm dominance: The proposed changes would lower the market-share threshold from 50% to 33% and the sales-turnover threshold from THB 1 billion to THB 500 million for the preceding year. Collective dominance: The three-firm concentration ratio (CR3) currently being used would be replaced by a two-firm concentration ratio (CR2). Under the new regime, the two largest operators in a relevant market would be considered dominant if their combined market share reached at least 75% in the preceding year. However, any business operator with sales turnover below THB 500 million or a market share below 10% would be excluded from this assessment. In addition to static or numerical thresholds, the proposed notification introduces a dynamic threshold or alternative criteria for assessing dominance in markets that change rapidly, experience short-term fluctuations in demand or supply, or use technology as a platform for conducting business, such as digital markets. Premerger and Postmerger Filing Thresholds Under the TCA, a premerger filing is required if a merger transaction
August 20, 2026
As part of its membership in Lex Mundi, Tilleke & Gibbins has released the latest edition of its Guide to Doing Business in Thailand, providing an overview of the legal, regulatory, and commercial considerations for companies establishing or expanding operations in Thailand. The 2026 edition offers practical insight into the country’s business environment, investment framework, and operational requirements. The guide covers a wide range of topics relevant to foreign and domestic investors, including: Investment incentives and promotion schemes Financial facilities and banking regulations Exchange controls and money transfers Import and export regulations Business structures and incorporation options Requirements for establishing a business Operational and compliance considerations Business cessation and insolvency procedures Employment and labor laws Taxation Immigration and visa requirements Prepared by Tilleke & Gibbins lawyers across multiple practice areas, the publication outlines key aspects of doing business in Thailand, including foreign investment restrictions, regulatory compliance obligations, corporate structures, employment requirements, and recent legal and economic developments affecting investors. The publication forms part of Lex Mundi’s Country Guides series, a global collection of jurisdiction-specific reference materials prepared by member firms around the world. Together, these guides help companies evaluate opportunities, compare regulatory environments, and plan international business activities across multiple markets. The full Guide to Doing Business in Thailand 2026 is available through the button below.
August 7, 2026
On July 31, 2026, the Trade Competition Commission of Thailand (TCCT) launched a one-month public consultation period on proposed regulatory guidelines for competition in three business segments: (1) digital platforms; (2) modern trade and credit terms; and (3) ride-hailing and on-demand delivery, including food delivery and mart/quick commerce. At the same time, the TCCT released a market report on ride hailing and on-demand delivery that is likely to influence the guidelines and their interpretation and enforcement. The consultation runs until August 31, 2026. Stakeholders have a limited window to submit practical, evidence-based input that may shape the next phase of Thailand’s regulatory framework for competition. Scope of the Consultation The public consultation targets updating existing guidance in three business sectors that have experienced transformative growth and structural change: Digital platforms: The TCCT has actively monitored this sector in recent years and has coordinated with other regulators, primarily the Electronic Transactions Development Agency (ETDA) and the Ministry of Commerce. In March 2026 the TCCT’s Guidelines on Multi-Sided Platforms and E-Commerce Businesses took effect, and in July the TCCT established a digital platform subcommittee to regulate and prevent unfair trade practices in digital platform businesses. This activity followed a TCCT market report on e-marketplace businesses in September 2025. Modern trade and credit terms: This sector was the focus of the TCCT’s 2019 Guidelines on Unfair Trade Practices between Wholesale and Retail Operators and Manufacturers or Suppliers (widely known as the “Modern Trade Guidelines”) , as well as its 2021 Guidelines on Unfair Trade Practices regarding the Credit Terms under which Small and Medium Enterprises (SMEs) Sell Products or Services to a Purchaser (also known as the “Credit Term Guidelines”), which were amended the following year. Ride-hailing and on-demand delivery (including food delivery and quick commerce): The TCCT published the Guidelines on

Awards & Rankings

September 30, 2026
Tilleke & Gibbins has been named a finalist in two categories at the IFLR and International Tax Review (ITR) Asia-Pacific Awards 2026. The firm is shortlisted for Thailand National Firm of the Year at the IFLR Asia-Pacific Awards, which recognize innovative cross-border transactions and the firms, teams, and transactions shaping the region’s legal and financial landscape. Tilleke & Gibbins is also shortlisted for Thailand Tax Firm of the Year at the ITR Asia-Pacific Tax Awards. The awards recognize leading firms and practitioners across the region for their work in direct tax, indirect tax, tax disputes, and transfer pricing. The winners will be announced at a joint awards ceremony on November 12, 2026, at the Ritz-Carlton in Hong Kong. For more information, please see the full shortlists for the IFLR Asia-Pacific Awards 2026 and the ITR Asia-Pacific Awards 2026.
September 23, 2026
Tilleke & Gibbins has received eight nominations for the Managing IP Asia-Pacific Awards 2026, recognizing the strength of the firm’s intellectual property practice across Southeast Asia. The firm has been shortlisted in the following categories: Asia-Pacific Firm of the Year (Domestic) Cambodia Firm of the Year Indonesia Firm of the Year Thailand Patent Firm of the Year Thailand Trademark Firm of the Year Vietnam Patent Firm of the Year Vietnam Trademark Firm of the Year In addition, Darani Vachanavuttivong, managing partner and managing director of the firm’s intellectual property practice, has been shortlisted for Asia-Pacific Practitioner of the Year (General Law Firms). The eight nominations reflect the continued recognition of Tilleke & Gibbins’ regional capabilities in intellectual property protection, commercialization, and enforcement. The winners will be announced at a ceremony in Kuala Lumpur on November 5, 2026. For more information, please see the full Managing IP Asia-Pacific Awards 2026 shortlist.
September 23, 2026
Tilleke & Gibbins has received 14 nominations for the Asialaw Awards 2026. The nominations span jurisdiction-level, practice-area, and individual categories across the region. At the jurisdiction level, Tilleke & Gibbins has been shortlisted in three categories: Cambodia Firm of the Year Laos Firm of the Year Thailand Firm of the Year The firm has also been shortlisted for four regional practice awards: Aviation and Shipping Firm of the Year Corporate and M&A Firm of the Year Dispute Resolution Firm of the Year Technology and Telecommunications Firm of the Year Seven individual nominations recognize lawyers from the firm’s offices in Laos, Thailand, and Vietnam: Prisna Sungwanna, Laos Female Lawyer of the Year Pimvimol Vipamaneerut, Thailand Female Lawyer of the Year Tram Ngoc Bich Nguyen, Vietnam Female Lawyer of the Year John Frangos, Aviation and Shipping Lawyer of the Year, Dispute Resolution Lawyer of the Year Pongpalin Chantrapirom, Dispute Resolution Rising Star of the Year Chusert Supasitthumrong, Labour and Employment Lawyer of the Year The winners will be announced at an awards ceremony in Kuala Lumpur on November 5, 2026. For more information on the Asialaw Awards 2025 and to browse a full list of the nominees, please visit the Asialaw website.
September 18, 2026
Tilleke & Gibbins has once again been recognized in the ALB Asia M&A Rankings 2026, earning Tier 2 rankings for its corporate and M&A practices in both Thailand and Vietnam. This marks the firm’s thirteenth consecutive year of recognition in the annual rankings. Published by Asian Legal Business (ALB), the rankings identify leading M&A law firms across Asia based on the volume, complexity, and scale of their work; their presence across the region and within individual jurisdictions; and strategic developments such as key hires and practice-group expansion. ALB, owned by Thomson Reuters, is a leading source of information for legal professionals active in the region. The continued recognition of Tilleke & Gibbins in Thailand and Vietnam reflects the firm’s longstanding capabilities in advising clients on significant transactions in these key Southeast Asian markets. To learn more about the ALB M&A rankings, and to browse the full rankings, please see the September 2026 issue of ALB.

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