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.

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
June 16, 2016

AEC Business Leader Program: Presentation on Law and Tax in Myanmar

Yuwadee Thean-ngarm

Yuwadee Thean-ngarm, a consultant in Tilleke & Gibbins’ Yangon office, will serve as a speaker at Bangkok Bank’s “AEC Business Leader Program,” a program that delivers insights and learning...

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June 13, 2016

Sukontip Jitmongkolthong to Speak on IP Risks in Contracts at Ideal Forum Conference

Sukontip Jitmongkolthong

Sukontip Jitmongkolthong, a partner in Tilleke & Gibbins’ intellectual property group, will speak at “Advanced Contracts Risk Management,” a conference hosted by Ideal Forum that provides the...

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June 3, 2016

Cynthia M. Pornavalai to Present at Asia Business Connect ASEAN M&A 2016

Cynthia M. Pornavalai

Cynthia M. Pornavalai, a partner in Tilleke & Gibbins’ corporate and commercial group, will speak at the conference, “ASEAN M&A 2016: Legal, Tax, and Business Strategies for Successful...

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May 25, 2016

Seminar on June 17 – IP Valuation: Key Strategies and Emerging Trends

Alan Adcock

In recent years, companies within Thailand and across Southeast Asia have begun to focus more and more on the importance of intellectual property (IP). Leaders in this field have moved beyond...

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May 23, 2016

Michelle Ray-Jones to Speak on Franchising at ThaiFex – World of Food Asia 2016

Michelle Ray-Jones

Michelle Ray-Jones, a consultant in Tilleke & Gibbins’ intellectual property group, will speak at “ThaiFex – World of Food Asia 2016,” a food exhibition that features seminars, networking...

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Datesort icon Title
March 18, 2016

New Payment Systems Bill: E-Payments and Beyond

David Duncan, Jeffrey J. Blatt

In recent months, there has been excitement about the prospect of new electronic payment services in Thailand. News reports have described a system that will enable instantaneous funds ...

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March 10, 2016

Myanmar – Trade Restrictions Relaxed for Agribusiness and Medical Equipment

The Republic of the Union of Myanmar has moved one step closer to liberalizing its trade economy. On February 19, 2016, the Myanmar Ministry of Commerce issued Notification No. 11/2016, which...

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March 1, 2016

International Franchising (Second Edition, Release 4) – Vietnam Chapter

Michael K. Lee, Jim Dao, Tu Ngoc Trinh

Lawyers at Tilleke & Gibbins have contributed the Vietnam chapter to International Franchising, Second Edition (Release 4, 2015), a guide to franchising law and practice in 36...

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March 1, 2016

International Franchising (Second Edition, Release 4) – Thailand Chapter

Sriwan Puapondh, Alan Adcock

International Franchising, Second Edition (Release 4, 2015) has been published through Juris Publishing and edited by the Center for International Legal Studies. The guide provides...

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February 25, 2016

Investment Protections in Vietnam under the TPP

John Frangos

On February 4, 2016, Vietnam and 11 other countries signed the Trans-Pacific Partnership (TPP). The TPP includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, the...

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