Commercial Transactions and M&A

Featured Publication: Guide to Doing Business in Thailand
Contacts
T: +84 8 3936 2069
T: +855 23 964 210

T: +66 2056 5995
T: +66 2056 5995
T: +95 1 255 208

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.

Name Position Office

Aaron Le Marquer

T:+66 2056 5784

E-mail

Partner
Bangkok

Alan Adcock

T:+66 2056 5871

E-mail

Partner
Bangkok

Charunun Sathitsuksomboon

T:+66 2056 5541

E-mail

Partner
Bangkok

Chinachart Vatanasuchart

T:+66 2056 5688

E-mail

Partner
Bangkok

Cynthia M. Pornavalai

T:+66 2056 5559

E-mail

Partner
Bangkok

David Lyman

T:+66 2056 5597

E-mail

Partner
Bangkok

John King

T:+855 23 964 210

E-mail

Partner
Phnom Penh
Bangkok

Kobkit Thienpreecha

T:+66 2056 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 2056 5533

E-mail

Partner
Bangkok
Datesort icon Title
January 19, 2017

Tilleke & Gibbins Earns Spot in First-Ever “Emerging Markets Experts” List by Asian Legal Business

Tiziana Sucharitkul, Darani Vachanavuttivong

Asian Legal Business (ALB)  has published an “Emerging Markets Experts” list for the first time, with Tilleke & Gibbins among 11 firms across Asia named to the list.

...

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January 13, 2017

Fifteen Tilleke & Gibbins Lawyers Receive Recognition in Chambers Asia-Pacific 2017 Rankings

Chambers Asia-Pacific  has recognized 15 Tilleke & Gibbins lawyers and consultants for their impressive legal knowledge and expertise, capabilities, and client-focused services...

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December 2, 2016

Dataconsult Panel Discussion: U.S.–Thai Relations Following Trump’s Election Victory

David Lyman

David Lyman, Chairman and Chief Values Officer at Tilleke & Gibbins, will be a panelist at the Thailand Regional Forum dinner event in Bangkok, to be held on Thursday, December 8.

The...

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November 16, 2016

Laos Rankings: Legal 500 Places Tilleke & Gibbins Among Leading Firms

For the first time, The Legal 500 Asia Pacific  has ranked Tilleke & Gibbins in the category of “Leading Firms” in Laos, with a "Tier 2" ranking placing the firm among the top...

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November 16, 2016

Tier 2 Ranking for Corporate and M&A in Myanmar Awarded to Tilleke & Gibbins by Legal 500

The Tilleke & Gibbins Myanmar practice has been awarded a “Tier 2” ranking in Corporate and M&A work in the country by The Legal 500 Asia Pacific, a guide to the preeminent firms...

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Datesort icon Title
January 15, 2017

International Franchising (Second Edition, Release 5) – Thailand Chapter

Sriwan Puapondh, Alan Adcock

Sriwan Puapondh, of counsel, and Alan Adcock, partner, of Tilleke & Gibbins have coauthored the Thailand chapter of International Franchising, Second Edition (Release 5, 2016), a...

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January 15, 2017

International Franchising (Second Edition, Release 5) – Vietnam Chapter

Michael K. Lee, Jim Dao, Tu Ngoc Trinh

Franchising experts from Tilleke & Gibbins’ corporate and commercial group have contributed the Vietnam chapter to International Franchising, Second Edition (Release 5, 2016), a guide...

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December 30, 2016

PLC Doing Business In … Global Guide 2016 – Myanmar Chapter

Yuwadee Thean-ngarm, Nwe Oo, Sher Hann Chua

Members of Tilleke & Gibbins’ Yangon office have contributed the Myanmar chapter to Practical Law’s Doing Business In … Global Guide.

In the chapter, Yuwadee Thean-ngarm,...

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December 9, 2016

Public-Private Partnerships: Thailand’s Plan for Infrastructure Development

David Beckstead

The government of Thailand has made it clear that it intends to fully utilize public-private partnerships (PPPs) in order to implement the country’s upcoming infrastructure development goals. The...

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November 28, 2016

Direct Sale and Direct Marketing Act: Draft Amendments Could Pose Challenges to Operators

Penrurk Phetmani, Nutavit Sirikan

In recent years, the Thai government has attempted to strike a balance between attracting investment and protecting consumer interests. On the one hand, it has tried to liberalize foreign...

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