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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Date Title
February 1, 2012

Tilleke & Gibbins Elevates Michael K. Lee to Partner

Michael K. Lee

Tilleke & Gibbins is proud to announce the appointment of Michael K. Lee as a Partner of the firm, effective January 1, 2012.

Michael counsels clients and manages cases on a wide range...

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February 14, 2012

Asian Legal Business Interviews Tilleke & Gibbins Partners on Japanese Investment

Cynthia M. Pornavalai, Thomas J. Treutler, Torajiro Ohashi

With the earthquake, tsunami, and a stagnant economy, Japan faced a particularly difficult year in 2011. Despite the setbacks, Japanese companies forged ahead by expanding their business...

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February 27, 2012

Corporate and Commercial Practice in Thailand Awarded Tier 1 Ranking in Chambers Asia-Pacific 2012

Chambers and Partners, a leading publisher of guides on lawyers and law firms, has ranked the Tilleke & Gibbins Corporate and Commercial practice in the top tier in Thailand in its Corporate/M...

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March 2, 2012

Nine Tilleke & Gibbins Attorneys Recognized by Chambers Asia-Pacific 2012

Cynthia M. Pornavalai, Darani Vachanavuttivong, Thawat Damsa-ard, Sriwan Puapondh, Hassana Chira-aphakul, Alan Adcock, Michael K. Lee, Thomas J. Treutler

Nine attorneys at Tilleke & Gibbins were individually recognized by Chambers Asia-Pacific 2012 for outstanding work on behalf of their clients over the past year. The following...

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March 27, 2012

Cynthia Pornavalai Presents on AEC at AMCHAM Event

Cynthia M. Pornavalai

The upcoming ASEAN Economic Community integration in 2015 will have major economic implications for companies operating in all ASEAN member states. To give some context to the expected impact of...

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Date Title
May 11, 2009

Still a Paradise?

David Lyman

Within the past two years, Thailand has experienced a number of events that have called into question the country’s political stability. In this article, David Lyman reflects on the situation and...

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June 19, 2009

How to Successfully Negotiate a Dispute

When entering into negotiations, clients often express concerns that the process may be difficult, as parties who are unwilling to compromise may become entrenched in bitter disputes. But...

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July 3, 2009

Real Examples of Successful Negotiation

Building on an earlier article entitled “How to Successfully Negotiate a Dispute,” this article provides clear examples of how put these negotiating techniques into practice in order to achieve...

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March 4, 2010

Due Diligence in Asian IP Acquisitions – How Much Is Enough?

Alan Adcock

Intellectual property acquisitions are becoming commonplace in Asia with the move to knowledge-based economies. Agricultural and manufacturing economies may not have been prolific creators of IP,...

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March 4, 2010

Essentials for a Successful Franchise Agreement in Thailand

Areeya Pornwiriyangkura

The franchise business model is widespread in Thailand, especially in the wake of the recent recession. This level of popularity can be attributed to the fact that franchising allows the...

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