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.
Commercial Transactions and M&A
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:
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Advised a leading producer of semiconductor processing equipment on contracts between the target company and a third party.
| Name | Position | Office | Contact |
|---|---|---|---|
|
Alan Adcock |
Partner | Bangkok |
+66 2653 5871 |
|
Charunun Sathitsuksomboon |
Partner | Bangkok |
+66 2653 5541 |
|
Chinachart Vatanasuchart |
Partner | Bangkok |
+66 2653 5688 |
|
Cynthia M. Pornavalai |
Partner | Bangkok |
+66 2653 5559 |
|
David Lyman |
Partner | Bangkok |
+66 2653 5597 |
|
John King |
Partner | Bangkok |
+66 2653 5502 |
|
Kobkit Thienpreecha |
Partner | Bangkok |
+66 2653 5534 |
|
Michael K. Lee |
Partner | Ho Chi Minh City |
+84 8 3936 2069 |
|
Piyanuj (Lui) Ratprasatporn |
Partner | Bangkok |
+66 2653 5533 |
|
Santhapat Periera |
Partner | Bangkok |
+66 2653 5995 |
Date |
Title |
|---|---|
| December 21, 2012 |
Chambers Asia Pacific Awards 2013: Tilleke & Gibbins Shortlisted for Thailand Law Firm of the Year Darani Vachanavuttivong, Tiziana Sucharitkul Recognizing the firm’s status in the upper echelon of the Thai legal market, Chambers and Partners has nominated Tilleke & Gibbins for its Thailand Law Firm of the Year award. The firm is one... |
| December 6, 2012 |
Tilleke & Gibbins Tops Asialaw Profiles Rankings for Thailand Tilleke & Gibbins has the greatest breadth of expertise of any domestic law firm in Thailand, according to a recently released publication. In the Thailand research for Asialaw... |
| November 26, 2012 |
Areeya Pornwiriyangkura to Present on Business Expansion Through IP Licensing Areeya Pornwiriyangkura On November 29, a free one-day seminar in Bangkok will educate business professionals about the important role of intellectual property management in enhancing corporate competitiveness. Organized... |
| November 23, 2012 |
Tilleke & Gibbins Once Again Named “Best Firm in Thailand” at Asia Women in Business Law Awards Darani Vachanavuttivong, Tiziana Sucharitkul On November 22, 2012, the Euromoney Legal Media Group held its second annual Asia Women in Business Law Awards at the Renaissance Harbor View Hotel in Hong Kong. At the event, Tilleke... |
| November 20, 2012 |
Nine Tilleke & Gibbins Practitioners Recognized as Leading Individuals by Legal 500 Piyanuj (Lui) Ratprasatporn, Tiziana Sucharitkul, Thawat Damsa-ard, Darani Vachanavuttivong, Alan Adcock, Sriwan Puapondh, Jeffrey J. Blatt, Chinachart Vatanasuchart, Thomas J. Treutler In the 2013 edition of The Legal 500 Asia Pacific, nine practitioners from Tilleke & Gibbins have been honored for their work on behalf of clients in Thailand and Vietnam. The... |
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Date |
Title |
|---|---|
| March 4, 2010 |
Thomas J. Treutler Following Vietnam’s entry into the World Trade Organization in 2007, franchising activity is on the rise. Even in the recent worldwide economic downturn, major franchises have been attracted by... |
| December 18, 2009 |
Thailand: A New Market for Foreign Shares In a trend towards greater market liberalization, Thailand has opened up as a venue for issuance and offering of foreign debt securities. Until recently, the issuance and offering of foreign... |
| December 4, 2009 |
Representative Offices: The Right Choice for Those Who Qualify Kobkit Thienpreecha As Thai imports and exports continue to grow, more and more foreign corporations wish to open an office in Thailand to support their trading needs. Often, foreign corporations wish to have a small... |
| November 20, 2009 |
Alan Adcock China’s commitment to technological development and innovation is not only fostering a shift from “Made in China” tags to the more quality-indicative “Made by China” labels, but is also making... |
| October 29, 2009 |
Lawyer’s Obligation: Confidentiality of Client Information in Thailand David Lyman, Alongkorn Tongmee This paper answers a number of important questions about the role of client confidentiality within the Thai legal system. Key points include the regulations governing confidentiality, the limits... |
