Commercial Transactions and M&A

Featured Publication: Guide to Doing Business in Thailand
Contacts
T: +84 8 3936 2069

Tilleke & Gibbins helps clients structure and implement strategic transactions that accelerate vertical or horizontal integration and industry consolidation. 

We serve both international clients wishing to acquire operations in Asia and domestic clients wishing to invest in businesses abroad. Free-trade agreements and financial liberalization make companies in Southeast Asia attractive assets for foreign investors. The increased strength of regional currencies and economies has encouraged local operators to invest internationally to increase their competitiveness. Both types of investors rely on our global and regional expertise in mergers, acquisitions, joint ventures, corporate restructuring, and other vehicles for equity investment.

Our clients also tap into our worldwide network of associated law firms to assist with cross-border transactions and benefit from our unique ability to negotiate and draft key contracts in languages including Thai, Vietnamese, Japanese, Mandarin, French, and English. 

We help our clients develop and execute global strategies for business growth. Read about some of our recent representative work. We have:

  • Represented a leading pharmaceutical  company in Thailand and Vietnam in connection with its merger with another multinational pharmaceutical company. We advised on various commercial agreements. We also provided guidance on the procedural steps and permits required before and after the integration of the two companies and implications in terms of employees, businesses, licenses, reorganization, etc. After the integration became effective, we helped the subsidiaries comply with various legal requirements and assisted our client in obtaining the necessary permits.

  • Helped a manufacturer establish a subsidiary for the purpose of relocating its production facility to Thailand. The project was promoted by the Board of Investment and had an investment value of more than THB 100,000,000. We reviewed the joint venture agreement and advised on corporate law, relevant regulations, and necessary permits. We assisted the client in obtaining  permits from the Industrial Estate Authority of Thailand and the Board of Investment to buy land and initiate the project. In addition, we conducted a thorough review of the deposit agreement, land purchase and sale agreement, and utilities service agreement.

  • Conducted due diligence on behalf of a financial institution considering whether to finance the build out of a state-owned operator’s planned 3G network in Thailand and advised the financial institution regarding risk factors. The proposed loan amount as publically disclosed exceeded USD 500,000,000.

  • Advised a diversified manufacturing company in regard to Thailand acquisition financing related to its global acquisition of a plastic division in a USD 11.6 billion cash deal. We assisted in the acquisition of the Thai subsidiaries of the plastic division.

  • Advised a financial fund from Australia on establishing a subsidiary for the purpose of acquiring the pharmaceutical department of a large multinational corporation in Thailand. In order to facilitate this key acquisition, we provided guidance on the regulations on importing and distributing pharmaceutical products in Thailand, as well as on the establishment of a Thai subsidiary. We assisted the client in obtaining approval from the Board of Investment of Thailand. By providing related tax advice, we were able to help the client plan and mitigate tax implications of importing and distributing products from Australia, including advice on regulatory requirements from the Food and Drug Administration. The total value of the project exceeded USD 20,000,000.

  • Assisted a Japanese plastics molding company in its share acquisition of a foreign-owned injection molding subsidiary with over 900 local employees in two separate facilities.

  • Assisted in structuring an airline alliance. As two major international carriers were organizing a joint venture, the firm was approached to assist. The joint venture is now in operation, and has helped to position both carriers for improved profitability.

  • Applied for and obtained an investment certificate for a rapidly expanding U.S. Internet company to set up shop and conduct business in Vietnam. Worked with the client to secure a local joint venture partner and structured the deal to allow the client to retain independence and control of the company.

  • Advised a leading producer of semiconductor processing equipment on contracts between the target company and a third party.

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Name Position Office

Alan Adcock

T:+66 2653 5871

E-mail

Partner
Bangkok

Charunun Sathitsuksomboon

T:+66 2653 5541

E-mail

Partner
Bangkok

Chinachart Vatanasuchart

T:+66 2653 5688

E-mail

Partner
Bangkok

Cynthia M. Pornavalai

T:+66 2653 5559

E-mail

Partner
Bangkok

David Lyman

T:+66 2653 5597

E-mail

Partner
Bangkok

John King

T:+66 2653 5502

E-mail

Partner
Bangkok

Kobkit Thienpreecha

T:+66 2653 5534

E-mail

Partner
Bangkok

Michael K. Lee

T:+84 8 3936 2069

E-mail

Partner
Ho Chi Minh City

Piyanuj (Lui) Ratprasatporn

T:+66 2653 5533

E-mail

Partner
Bangkok

Santhapat Periera

T:+66 2653 5995

E-mail

Partner
Bangkok
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Datesort icon Title
October 9, 2014

Licensing Association of Thailand: Panel Discussion on IP Monetization

Alan Adcock, Aaron Le Marquer

Founded in 2013 and incorporated in 2014, the Licensing Association of Thailand (LAT) is a national association aimed at gearing Thailand’s licensing activities toward fostering an innovation-...

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September 29, 2014

Euromoney Asia Women in Business Law Awards 2014: Tilleke & Gibbins Shortlisted in Seven Categories

Tiziana Sucharitkul, Darani Vachanavuttivong, Kasma Visitkitjakarn, Sukontip Jitmongkolthong

On November 13, 2014, the Euromoney Legal Media Group will host its annual Asia Women in Business Law Awards at the JW Marriott in Hong Kong. The firm awards will be judged on the best initiatives...

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September 24, 2014

Cynthia M. Pornavalai to Speak as a Panelist at Gide/Lex Mundi Conference on Investing in ASEAN

Cynthia M. Pornavalai

Cynthia M. Pornavalai, a partner in Tilleke & Gibbins’ corporate and commercial group, will participate as a panelist at a joint Gide- and Lex Mundi-hosted conference titled “Investing in the...

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September 23, 2014

Tilleke & Gibbins to Host TICC Seminar on Investing in Myanmar

Michael Ramirez

The Thai-Italian Chamber of Commerce (TICC), in collaboration with the United Nations Industrial Development Organization (UNIDO), the Economic and Social Commission for Asia and the Pacific (...

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September 5, 2014

Tilleke & Gibbins Experts to Host Life Sciences Symposium in Ho Chi Minh City

Tu Thanh Pham, Thomas J. Treutler, Michael K. Lee, Atthachai Homhuan, Alan Adcock

Life sciences experts from Tilleke & Gibbins’ Bangkok, Hanoi, and Ho Chi Minh City offices are jointly hosting a Life Sciences Symposium in Ho Cho Minh City in collaboration with the American...

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Datesort icon Title
October 17, 2014

Understanding the Asean Collective Investment Scheme

Cynthia M. Pornavalai

In the latest step towards the integration of Asean capital markets, Thailand-based fund managers can now offer retail funds directly to investors in Malaysia and Singapore —and vice versa —...

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September 2, 2014

Getting the Deal Through – Franchise 2015, Vietnam Chapter

Jim Dao, Tu Ngoc Trinh

The 2015 edition of Getting the Deal Through – Franchise, a guide to franchising in 29 jurisdictions worldwide, has been published by Law Business Research. The Vietnam chapter of the...

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July 3, 2014

The International Comparative Legal Guide to: Pharmaceutical Advertising 2014 – Vietnam Chapter

Tu Ngoc Trinh, Tu Thanh Pham

Life sciences experts Tu Ngoc Trinh and Tu Thanh Pham of the Tilleke & Gibbins corporate and commercial team in Hanoi have co-authored the Vietnam chapter of The International Comparative...

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June 30, 2014

Marketing Private Funds and Discretionary Account Services – Thailand Chapter

David Duncan

Deacons, the Lex Mundi member firm for Hong Kong, has published the 4th edition of its multi-jurisdictional guide to capital raising and marketing activities, Marketing Private Funds and...

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June 13, 2014

Ins and Outs of Direct-Sales Registration in Thailand

Thailand is a highly attractive market for businesses engaged in direct sales, with most of the top global companies present. The result is a 70-billion-baht industry with an annual growth rate of...

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