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.

Name Position Office

Passanan Suwannoi

T:+66 2653 5603

E-mail

Associate
Bangkok

Shalini Ghosh

T:+66 2653 5623

E-mail

Consultant
Bangkok
Yangon

Jeffrey J. Blatt

T:+66 2653 5644

E-mail

Of Counsel
Bangkok

Chinachart Vatanasuchart

T:+66 2653 5688

E-mail

Partner
Bangkok

Tiziana Sucharitkul

T:+66 2653 5777

E-mail

Partner
Bangkok

Aaron Le Marquer

T:+66 2653 5784

E-mail

Consultant
Bangkok

Michael Turnbull

T:+66 2653 5808

E-mail

Of Counsel
Bangkok

Alan Adcock

T:+66 2653 5871

E-mail

Partner
Bangkok

Areeya Pornwiriyangkura

T:+66 2653 5882

E-mail

Associate
Bangkok

Theerapat Sombatsatapornkul

T:+66 2653 5950

E-mail

Associate
Bangkok
Date Title
June 21, 2011

The BigChilli Magazine Interviews David Lyman

David Lyman

The BigChilli, a Bangkok-based lifestyle magazine, recently interviewed David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins. The interview highlighted the background...

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Bloomberg Story on Thai Elections Quotes David Lyman

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Bloomberg, a leading financial news and data service, recently published a story about the upcoming Thai elections and the possible impacts that it could have on foreign investors. The article...

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Alan Adcock Named a Leading IP Strategist

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Alan Adcock, Partner and Deputy Director of the Tilleke & Gibbins Intellectual Property group, has been named to the IAM Strategy 250, a listing of the world’s leading IP strategists....

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Primer for Foreign Investors

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Thailand, with its rich culture and beautiful sites, presents a very attractive destination to foreigners from many countries—for visit, travel, or even retirement purposes. Some of these...

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Corporate Governance under the Proposed Amendments to the Securities and Exchange Act of 1992

Chaiwat Keratisuthisathorn

“Corporate governance,” as defined by the Stock Exchange of Thailand (SET), is a system of processes by which a company is directed or controlled with the objective of protecting the rights and...

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December 21, 2007

A Supplier’s Look at Distributorship Agreements

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Under Thai law, a distributorship agreement is generally considered to be a type of sales agreement whereby a seller sells products to a distributor and the distributor resells the products for...

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