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 2653 5995
T: +66 2653 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.

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Name Position Office

Aaron Le Marquer

T:+66 2653 5784

E-mail

Partner
Bangkok

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:+855 23 964 210

E-mail

Partner
Phnom Penh
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
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Datesort icon Title
April 20, 2016

Lex Mundi Webinar: Liberalization of ASEAN Capital Markets

Kobkit Thienpreecha, Vinh Quoc Nguyen

Kobkit Thienpreecha, partner in Tilleke & Gibbins’ Bangkok office, and Vinh Quoc Nguyen, senior associate in the firm’s Ho Chi Minh City office, will present at a webinar on “Liberalization of...

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April 19, 2016

Aaron Le Marquer to Participate as a Panelist at AIR Insurance M&A Conference

Aaron Le Marquer, Athistha (Nop) Chitranukroh

In 2015, there was a surge of M&A activity in the insurance sector in Asia due to the region’s strong economic growth. To review the landscape for insurance M&A in Asia, Aaron Le Marquer,...

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April 18, 2016

Tilleke & Gibbins Named ALB Employer of Choice 2016 in Thailand and Vietnam

Tiziana Sucharitkul, Darani Vachanavuttivong

Tilleke & Gibbins has won the “Employer of Choice” award for 2016 in both Thailand and Vietnam, as determined by Asian Legal Business  magazine. For Thailand, this is the fourth...

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April 13, 2016

Tilleke & Gibbins Wins 2016 Who’s Who Legal Country Award for Thailand

Who’s Who Legal has named Tilleke & Gibbins as the winner of the 2016 Who’s Who Legal Country Award for Thailand. With the awards ceremony now in its third year, Tilleke & Gibbins was the...

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April 7, 2016

Tilleke & Gibbins Strengthens Insurance Practice with Hiring of Athistha Chitranukroh

Athistha (Nop) Chitranukroh

Southeast Asian law firm Tilleke & Gibbins has bolstered its insurance and transactional practices with the hiring of Athistha (Nop) Chitranukroh, Of Counsel in the firm’s Bangkok office....

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Datesort icon Title
March 20, 2013

Lex Mundi Guide to Doing Business in Thailand 2013

Published by Tilleke & Gibbins in association with Lex Mundi, the Guide to Doing Business in Thailand  provides a comprehensive overview of the legal environment for investors...

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February 20, 2013

Local Distributor Partnerships: Investigate Before You Terminate

Alan Adcock

Foreign companies usually opt to appoint their local distributors as the local entity to apply for and maintain product registration and import licenses, as usually required by Asian FDAs and...

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February 18, 2013

Forecast for Vietnam’s Foreign Investment Policies in 2013

Vinh Quoc Nguyen

Foreign direct investment (FDI) in Vietnam has dropped sharply in recent years. After peaking in 2008 at a record high of USD 64 billion, registered FDI capital fell to approximately USD 13...

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February 14, 2013

PLC Doing Business in … Multi-Jurisdictional Guide 2013 – Thailand Chapter

Pimvimol (June) Vipamaneerut, Kobkit Thienpreecha, Weerawat Distapinyo, David Duncan, Sriwan Puapondh, Michael Ramirez, Anake Rattanajitbanjong, Passanan Suwannoi

In association with Lex Mundi, Practical Law Company has now published the latest edition in its series of guides on how to do business in jurisdictions worldwide. The Thailand chapter, written by...

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January 9, 2013

Distribution & Marketing of Drugs – Vietnam Chapter

Tu Ngoc Trinh

The 2012 edition of Distribution & Marketing of Drugs is a reference guide, covering 20 jurisdictions, for pharmaceutical companies, legal professionals, and marketing companies. Each...

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