Separately, the Constitutional Court set July 3 and July 10,
respectively, as the next hearing dates for two cases involving
the opposition Move Forward party and the incumbent prime
minister Srettha Thavisin.
Srettha, a political novice who took office last year, faces
potential dismissal over a cabinet appointment.
The Move Forward party, which won last year's closely fought
election but was unable to form a government, could be dissolved
for its campaign to amend the royal insult law.
Thaksin, Srettha and Move Forward deny any wrongdoing.
The Constitutional Court also ruled that an ongoing selection
process for a new upper house, which started earlier this month,
is lawful, clearing the deck for 200 new lawmakers to take over
from a military appointed senate later this year.
The court cases, which risk deepening a decades-old rift between
the conservative-royalist establishment and its opponents, such
as the populist ruling Pheu Thai party and the Move Forward
party, have raised the spectre of political instability and
rattled markets.
Thailand's main stock index, which dropped to its lowest level
since November 2020 on Monday, gained more than 1% on Tuesday
morning before trimming gains.
(Reporting by Panu Wongcha-um, Panarat Thepgumpanat, Chayut
Setboonsarng and Orathai Sriring; Writing by Devjyot Ghoshal;
Editing by John Mair and Ed Davies)
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