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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Datesort icon Title
June 3, 2014

Cynthia M. Pornavalai to Speak on AEC at Joint AMCHAM/BCCT Event

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The ASEAN Economic Community (AEC) was originally planned to be fully integrated by the beginning of 2015. Now, however, the prognosis would suggest that its implementation will take place no...

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Michael Lee to Host Vietnam Panel at Singapore IFLR Forum

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Tilleke & Gibbins Named Thailand Law Firm of the Year 2014 by Chambers Asia-Pacific

Tilleke & Gibbins has been named Thailand Law Firm of the Year 2014 by Chambers Asia-Pacific. The award was announced at Chambers Asia-Pacific’s annual Awards for Excellence...

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On February 18, 2014, Chambers Asia-Pacific released its annual rankings for law firms and individual lawyers. The rankings were determined through investigations carried out by over 140...

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January 7, 2014

Insurance Specialist Michael Turnbull Joins Tilleke & Gibbins

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Tilleke & Gibbins has strengthened its insurance practice group with the addition of Michael Turnbull, who will serve as an Of Counsel in the firm’s Bangkok office.

Mike has substantial...

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May 4, 2012

Anti-Dumping Measures: Easing the Transition to Free Trade

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Many businesses in ASEAN countries continue to adjust to the changes brought about by the elimination of import duties, in the context of both the ASEAN Economic Community and other bilateral and...

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April 6, 2012

Critical Considerations for Foreign Investors Doing Business in Thailand

Piyanuj (Lui) Ratprasatporn, Charunun Sathitsuksomboon

Increasingly investors are expanding their businesses to developing countries with a view to reducing costs and selling products in new markets. Thailand is among the most attractive destinations...

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March 23, 2012

Preparation for the AEC: Free Flow of Goods

The year 2015 will be a year of special importance for Thailand as well as all Asean member states, as it marks the establishment of the Asean Economic Community (AEC) as agreed on by country...

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March 13, 2012

Export Controls in Vietnam

Thomas J. Treutler

With the continued increase in foreign trade and integration into the world economy, especially since its accession to the World Trade Organization in 2006, Vietnam has taken several legislative...

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February 22, 2012

IP Holding Vehicles: Singapore vs. Hong Kong

Alan Adcock

With intellectual property playing an ever-increasing role in economic development, the need to harness, promote, and protect ASEAN innovation has become more urgent as integration progresses....

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