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 5794

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

Kien Trung Trinh

T:+84 4 3772 5567

E-mail

Associate
Hanoi

Kitti Thaisomboon

T:+66 2653 5539

E-mail

Associate
Bangkok

Luxsiri Supakijjanusorn

T:+66 2653 5535

E-mail

Associate
Bangkok
Yangon
Vientiane

May Thwe Hlaing

T:+95 1 255 208

E-mail

Associate
Yangon

Napat Siri-armart

T:+66 2653 5537

E-mail

Associate
Bangkok

Nearirath Sreng

T:+855 23 964 210

E-mail

Associate
Phnom Penh

Nitipong Boonsong

T:+66 2653 5810

E-mail

Associate
Bangkok
Vientiane
Yangon

Nutavit Sirikan

T:+66 2653 5560

E-mail

Associate
Bangkok

Nwe Oo

T:+95 1 255 208

E-mail

Associate
Yangon

Passanan Suwannoi

T:+66 2653 5603

E-mail

Associate
Bangkok
Datesort icon Title
April 28, 2016

ALB SEA Law Awards 2016: Tilleke & Gibbins Nominated in Three Firm of the Year Categories

Darani Vachanavuttivong, Tiziana Sucharitkul, Thomas J. Treutler

The nominees of Asian Legal Business’s Southeast Asia Law Awards 2016 have been announced, and Tilleke & Gibbins has secured nominations in three categories, as follows:

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...

Read more

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,...

Read more

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...

Read more

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...

Read more

Datesort icon Title
December 24, 2015

Marketing Private Funds and Discretionary Account Services (Seventh Edition) – Thailand Chapter

David Duncan

The 7th edition of Marketing Private Funds and Discretionary Account Services – Asia and Beyond  has been published by Deacons, the Lex Mundi member...

Read more

November 24, 2015

Bringing Brands to Vietnam

Jim Dao, Tu Ngoc Trinh, Waewpen Piemwichai

A recent Nielsen survey concluded that Vietnam ranks third in the world in terms of consumer fondness for branded goods, with 73 percent of Vietnamese participants responding that they liked to...

Read more

November 23, 2015

Tapping into Myanmar’s Franchising Potential

Franchising has become very popular among international franchisors in the Greater Mekong Subregion. In particular, franchising in Myanmar’s food and beverage sector has experienced tremendous...

Read more

November 16, 2015

Distribution and Marketing of Drugs (Second Edition) – Thailand Chapter

Alan Adcock, Siraprapha Rungpry

The second edition of Distribution and Marketing of Drugs  provides an overview of the main legal issues involved in pharmaceutical sales in 28 jurisdictions worldwide. The Thailand...

Read more

November 16, 2015

Distribution and Marketing of Drugs (Second Edition) – Vietnam Chapter

Tu Ngoc Trinh, Huong Lan Nguyen

The 2015 edition of Distribution and Marketing of Drugs, a guide to the distribution and marketing of drugs in 28 jurisdictions around the world, has been published. Each chapter provides...

Read more