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 2653 5995
T: +66 2653 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 2653 5784

E-mail

Partner
Bangkok

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:+855 23 964 210

E-mail

Partner
Phnom Penh
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
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September 3, 2015

ASEAN Franchise Congress: Presentations on Franchising Issues in Thailand and Vietnam

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Areeya Pornwiriyangkura, an attorney-at-law in Tilleke & Gibbins’ intellectual property group, and Jim Dao, a registered foreign attorney in the firm’s Ho Chi Minh City office, will present at...

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August 14, 2015

Tilleke & Gibbins Nominated for TrustLaw Pro Bono Award

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In recognition of Tilleke & Gibbins’ pro bono practice, our firm has been nominated as “2015 Domestic Law Firm of the Year” at this year’s TrustLaw Awards. Our nomination in this category is...

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Loc Xuan Le, principal at T&G Law Firm LLC (TGVN), and Waewpen Piemwichai, registered foreign attorney at Tilleke & Gibbins, will speak on the obstacles and difficulties faced by foreign...

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July 14, 2015

Cynthia M. Pornavalai Featured in Asian Legal Business Article on the AEC

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Cynthia M. Pornavalai, a partner in Tilleke & Gibbins’ corporate and commercial group, was interviewed by Asian Legal Business  magazine for her views on Thailand’s preparations...

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July 9, 2015

Twelve Tilleke & Gibbins Attorneys Named as Asialaw Leading Lawyers

Following Asialaw’s extensive annual survey of senior corporate executives, in-house counsel, and private-practice lawyers, 12 Tilleke & Gibbins attorneys across our Laos, Thailand,...

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May 13, 2016

Thailand’s Security Business Act 2016: Are You Good Men and True?

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In Shakespeare’s comedy, Much Ado About Nothing, head watchman and malapropist Dogberry instructs his men that falling asleep on duty is perfectly fine and that they should avoid touching...

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April 20, 2016

Lex Mundi Guide: ASEAN Regulations for Cross-Border Security Offerings

Kobkit Thienpreecha, Vinh Quoc Nguyen

The ASEAN Regulations for Cross-Border Security Offerings guide, published by Lex Mundi, provides an overview of the regulations applicable to cross-border offerings of securities within ASEAN...

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April 11, 2016

PLC Doing Business In … Multi-Jurisdictional Guide 2016 – Thailand Chapter

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PLC Doing Business In … Multi-Jurisdictional Guide 2016 – Myanmar Chapter

Michael Ramirez, Nwe Oo

The Myanmar chapter of Doing Business, a guide published by Practical Law Company in association with Lex Mundi, presents a comprehensive Q&A-style overview of doing business in...

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New Payment Systems Bill: E-Payments and Beyond

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In recent months, there has been excitement about the prospect of new electronic payment services in Thailand. News reports have described a system that will enable instantaneous funds ...

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