Commercial Transactions and M&A

Featured Publication: Guide to Doing Business in Thailand
Contacts
T: +84 24 3772 5633
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

Piyanuj (Lui) Ratprasatporn

T:+66 2056 5533

E-mail

Partner
Bangkok

Santhapat Periera

T:+66 2056 5995

E-mail

Partner
Bangkok
Vientiane
Yangon
Datesort icon Title
November 4, 2016

Tilleke & Gibbins Recognized as a Leading Firm in Vietnam by Asialaw Profiles 2017

Tilleke & Gibbins has been placed at the top of the legal market in Vietnam in the 2017 edition of Asialaw Profiles, a guide to the leading domestic and regional firms in the Asia...

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November 4, 2016

Asialaw Profiles 2017 Recognizes Tilleke & Gibbins in Cambodia, Indonesia, Laos, and Myanmar

Tilleke & Gibbins, which expanded its client service offerings through offices in Cambodia, Indonesia, Laos, and Myanmar over the past three years, was ranked among the top law firms in each...

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October 17, 2016

IFLR 1000 2017: Tilleke & Gibbins Lawyers Recognized in Cambodia, Laos, Thailand, and Vietnam

John King, Santhapat Periera, Piyanuj (Lui) Ratprasatporn

Four members of the Tilleke & Gibbins team across Southeast Asia have been recognized as Leading Lawyers by the IFLR 1000 2017, a guide to the world’s top financial and corporate law...

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October 13, 2016

Tilleke & Gibbins and EuroCham Vietnam to Hold Pharmaceutical Law Seminar in Ho Chi Minh City

Thomas J. Treutler, Jakkrit Kuanpoth, Linh Thi Mai Nguyen, Loc Xuan Le

Tilleke & Gibbins, together with EuroCham Vietnam, will hold a seminar focusing on legal issues in the pharmaceutical sector. The seminar will feature a panel of pharmaceutical and...

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October 13, 2016

PaRR Article on Trade Competition Quotes Luxsiri Supakijjanusorn

Luxsiri Supakijjanusorn, an attorney-at-law in Tilleke & Gibbins’ corporate and commercial group, has been quoted in an article by PaRR, an online resource that provides information...

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Datesort icon Title
August 4, 2017

Direct Sales and Direct Marketing Act: New Compliance Obligations for Business Operators

Penrurk Phetmani, Nutavit Sirikan

Amendments to Thailand’s Direct Sales and Direct Marketing Act (No.3), B.E. 2560 (2017) were published in the Government Gazette  on May 17, 2017, and will become effective on...

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July 20, 2017

Long Awaited Changes to the Thai Customs Act Signed Into Law

Michael Ramirez

On May 17, 2017, Thailand published its new Customs Act B.E. 2560 (2017) in the Royal Gazette, the official journal in which new laws are announced. The Act, effective 180 days from...

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June 23, 2017

The New Customs Act: Important Changes for Importers and Exporters

Chusert Supasitthumrong

The Thai Customs Act was enacted in 1926, and has undergone several changes during the past nine decades of its existence. Despite the amendments, however, some provisions in the Act continued to...

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June 22, 2017

Myanmar: Permission for Foreign Investors to Trade Fertilizers, Seeds, Pesticides, Hospital Equipment, and Construction Materials

Nwe Oo

On June 12, 2017, the Ministry of Commerce issued Notification 36/2017 to permit foreign-owned companies to trade and import fertilizers, seeds, pesticides, hospital equipment, and construction...

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June 16, 2017

Thailand: Amendments to the Direct Sales and Direct Marketing Act

Penrurk Phetmani, Nutavit Sirikan

The Thai government has passed legislation that imposes more stringent rules and regulations to protect consumers from business operators engaging in direct sales and direct marketing. The...

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