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 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

Michael K. Lee

T:+84 8 3936 2069

E-mail

Partner
Ho Chi Minh City

Piyanuj (Lui) Ratprasatporn

T:+66 2056 5533

E-mail

Partner
Bangkok
Datesort icon Title
October 13, 2016

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

Thomas J. Treutler, Jakkrit Kuanpoth, Michael K. Lee, 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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PaRR Article on Trade Competition Quotes Luxsiri Supakijjanusorn

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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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October 13, 2016

The Asian Lawyer Emerging Markets Awards 2016: Tilleke & Gibbins Nominated in Five Categories

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Tilleke & Gibbins has been nominated in five categories in The Asian Lawyer’s Emerging Markets Awards 2016. The nominations, which include national, international, and individual...

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The nominees for Key Media’s New Zealand Law Awards 2016 have been announced, and Tilleke & Gibbins has been shortlisted for the “M&A Deal of the Year” award based on the firm’s...

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Thomas Treutler to Speak on Protection of Well-Known Marks at MOST-INTA Event in Vietnam

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Thomas J. Treutler, managing director of Tilleke & Gibbins’ Vietnam offices, will participate in two panel discussions at a conference on well-known trademarks jointly organized by Vietnam’s...

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Antidumping, Countervailing Duties, and Safeguard Measures

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ASEAN countries have entered into a broad range of free trade agreements (FTAs), and many more FTAs are currently in the process of being negotiated. As both bilateral and multilateral FTAs begin...

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May 14, 2014

Thailand Legal Basics

Thailand Legal Basics, a valuable primer for foreign investors, explores all aspects of living and doing business in Thailand. Written by Tilleke & Gibbins, the book begins with an...

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May 5, 2014

Vietnam Pharma Update 2014

While Vietnam represents a huge potential market for foreign investors in the pharmaceutical industry, the sector is heavily regulated and clear guidelines are not always available. To guide...

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Making a Hotel Acquisition in Thailand: Protecting Your Future Assets

Theerapat Sombatsatapornkul

Thailand is a popular tourist destination and, to many of those with an entrepreneurial spirit, it is an attractive country in which to operate a hotel business. Phuket, for example, is a bustling...

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PLC Life Sciences Multi-Jurisdictional Guide 2014 – Vietnam Chapter

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Practical Law Company recently published the latest edition of its Life Sciences Multi-jurisdictional Guide. The online guide, presented to readers in a Q&A format, provides country-...

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