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 29, 2017

Tilleke & Gibbins Wins Three Asialaw Firm of the Year Awards

Tilleke & Gibbins has received high accolades for its exceptional regional practice at the inaugural Asialaw Asia-Pacific Legal Practice Awards, where it was named Southeast Asia Firm of the...

Read more

November 15, 2017

Tilleke & Gibbins Vietnam has Strong Showing in Asialaw Profiles 2018

In the 2018 edition of Asialaw Profiles, Tilleke & Gibbins was recognized as a leading law firm in Vietnam in seven practice areas, as follows:

November 15, 2017

Asialaw Profiles 2018: Tilleke & Gibbins Recognized for Work in Cambodia, Laos, Indonesia, and Myanmar

Tilleke & Gibbins’ four youngest offices have all been recognized as leading practices in their respective jurisdictions in Asialaw Profiles 2018, a guide to the Asia Pacific region’s...

Read more

November 15, 2017

Asialaw Profiles 2018: Tilleke & Gibbins Leads Rankings in Thailand

Regional law firm Tilleke & Gibbins has again distinguished itself as the dominant domestic law firm in Thailand in Asialaw Profiles 2018, a guide to the top domestic and regional...

Read more

November 10, 2017

Asia Women in Business Law Awards 2017: Tilleke & Gibbins Wins Two Awards

Tilleke & Gibbins took home two trophies at the seventh annual Asia Women in Business Law Awards, being recognized as Firm of the Year for Vietnam as well as Best National Firm for Talent...

Read more

Datesort icon Title
December 30, 2014

New Law Puts Public-Private Partnerships on Solid Ground

David Duncan

There was much fanfare last year about the enactment of the Private Investment in State Undertaking Act of 2013. Many commentators forecasted an era of renewed vigor for public-private...

Read more

December 22, 2014

PLC Doing Business In … Multi-Jurisdictional Guide 2015 – Thailand Chapter

Darani Vachanavuttivong, Sriwan Puapondh, Kitti Thaisomboon, Michael Ramirez, Anake Rattanajitbanjong, Passanan Suwannoi, Kasma Visitkitjakarn, Penrurk Phetmani

Practical Law Company, in association with Lex Mundi, has published the latest edition of its Q&A guides to doing business worldwide. The Thailand chapter, authored by Tilleke & Gibbins...

Read more

December 22, 2014

PLC Doing Business In … Multi-Jurisdictional Guide 2015 – Myanmar Chapter

Michael Ramirez, Nwe Oo

In association with Lex Mundi, Practical Law Company has published the latest edition in its series of Q&A-style guides to doing business in jurisdictions around the world. The Myanmar chapter...

Read more

December 2, 2014

Myanmar Legal Update: Moving Toward Market Liberalization

Michael Ramirez

Myanmar is in the midst of undergoing significant political and economic change. A full sixty-six years after its independence from Great Britain and after nearly fifty years of strict military...

Read more

October 28, 2014

International Franchising (Second Edition) – Thailand Chapter

Sriwan Puapondh, Alan Adcock

International Franchising, Second Edition (Release 3, 2014) has been published through Juris Publishing and edited by the Center for International Legal Studies. The guide provides expert...

Read more