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 |
|---|---|---|---|
|
Weerawat Distapinyo |
Associate | Bangkok |
+66 2653 5508 |
|
Waewpen Piemwichai |
Associate | Bangkok |
+66 2653 5505 |
|
Vinh Quoc Nguyen |
Associate | Ho Chi Minh City |
+84 8 3936 2061 |
|
Tu Ngoc Trinh |
Associate | Hanoi |
+84 4 3772 5556 |
|
Torajiro Ohashi |
Consultant | Bangkok |
+66 2653 5536 |
|
Tiziana Sucharitkul |
Partner | Bangkok |
+66 2653 5777 |
|
Timothy Wales |
Consultant | Bangkok |
+66 2653 5555 |
|
Thomas J. Treutler |
Partner | Hanoi |
+84 4 3772 5633 |
|
Thom Thi Mai Nguyen |
Associate | Hanoi |
+84 4 3772 5607 |
|
Theerapat Sombatsatapornkul |
Consultant | Bangkok |
+66 2653 5950 |
| Date | Title |
|---|---|
| March 21, 2008 |
Darani Vachanavuttivong, Tiziana Sucharitkul This article provides an introduction to Tilleke & Gibbins based on the firm’s winning the prestigious International Law Office Client Choice Award 2007 for Thailand. |
| March 17, 2011 |
David Lyman David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins, was recently invited to participate in the inaugural BRT Business Leaders Lunch. Held at the JW Marriott in Bangkok, the... |
| December 17, 2010 |
Interview with Cynthia M. Pornavalai on Legal Reform Cynthia M. Pornavalai In this interview with Business Report Thailand, Tilleke & Gibbins partner Cynthia M. Pornavalai discusses the possibility of government reform to boost investment. Cynthia examines... |
| December 16, 2010 |
Guide Focuses on Italian Investment in Thailand Piyanuj (Lui) Ratprasatporn, Tiziana Sucharitkul Piyanuj (Lui) Ratprasatporn, Partner and Director, Corporate & Commercial, has been featured in an interview in Thailandia: Gateway per l’Asia, Guida al Commercio e agli Investimenti... |
| May 27, 2011 |
ASEAN TV Roundtable Includes David Lyman David Lyman David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins, recently participated in a pre-election roundtable discussion that will air on ASEAN TV. The roundtable, consisting of... |
| Date | Title |
|---|---|
| May 4, 2012 |
Anti-Dumping Measures: Easing the Transition to Free Trade David Duncan 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... |
| May 28, 2012 |
PLC Life Sciences Multi-Jurisdictional Guide 2012 – Thailand Chapter Alan Adcock, Areeya Pornwiriyangkura With the tightening of budgets and increased scrutiny by the FDA, this article delves into the practicability of Thailand’s regulatory framework governing the life sciences industry. Ranging from... |
| May 28, 2012 |
PLC Life Sciences Multi-Jurisdictional Guide 2012 – Vietnam Chapter Tu Ngoc Trinh With the tightening of budgets and increased scrutiny by the Ministry of Health, this article delves into the practicability of Vietnam’s regulatory framework governing the life sciences industry... |
| June 6, 2012 |
Technology Licensing in Thailand Alan Adcock With the 10 nations of ASEAN committing to full implementation of the ASEAN Economic Community (AEC) by 2015, Thailand will likely see an increase in inbound technology transfer to the country,... |
| August 8, 2012 |
Tricks of the Trade: A Guide for M&A in Vietnam Vinh Quoc Nguyen Fostering Growth Since 2008, even before the outbreak of the global recession, the economy of Vietnam has faced difficulties, including extremely high inflation and... |
