Commercial Transactions and M&A

Featured Publication: Guide to Doing Business in Thailand
Contacts
T: +84 8 3936 2069

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

Napat Siri-armart

T:+66 2653 5537

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

Pornchai Srisawang

T:+66 2653 5543

E-mail

Associate
Bangkok

Theerapat Sombatsatapornkul

T:+66 2653 5950

E-mail

Associate
Bangkok

Tu Ngoc Trinh

T:+84 4 3772 5556

E-mail

Associate
Hanoi

Vinh Quoc Nguyen

T:+84 8 3936 2061

E-mail

Associate
Ho Chi Minh City

Weerawat Distapinyo

T:+66 2653 5508

E-mail

Associate
Bangkok

Aaron Le Marquer

T:+66 2653 5784

E-mail

Consultant
Bangkok

Ahmet Yesilkaya

T:+66 2653 5535

E-mail

Consultant
Bangkok
Datesort icon Title
July 1, 2014

Asian Legal Business: Tilleke & Gibbins Voted Employer of Choice 2014 in Thailand and Vietnam

Darani Vachanavuttivong, Tiziana Sucharitkul, Thomas J. Treutler

According to Asian Legal Business, Tilleke & Gibbins is one of Asia’s best law firms to work for, as the renowned legal publication has named our firm “Employer of Choice” in both...

Read more

June 3, 2014

Cynthia M. Pornavalai to Speak on AEC at Joint AMCHAM/BCCT Event

Cynthia M. Pornavalai

The ASEAN Economic Community (AEC) was originally planned to be fully integrated by the beginning of 2015. Now, however, the prognosis would suggest that its implementation will take place no...

Read more

April 17, 2014

Michael Lee to Host Vietnam Panel at Singapore IFLR Forum

Michael K. Lee

Michael K. Lee, Partner and Head of Corporate & Commercial in Vietnam, will be moderating a panel on investment in Vietnam at the International Financial Law Review’s Southeast Asia Forum 2014...

Read more

February 18, 2014

Tilleke & Gibbins Named Thailand Law Firm of the Year 2014 by Chambers Asia-Pacific

Tilleke & Gibbins has been named Thailand Law Firm of the Year 2014 by Chambers Asia-Pacific. The award was announced at Chambers Asia-Pacific’s annual Awards for Excellence...

Read more

February 18, 2014

Chambers Asia-Pacific 2014 Honors Eleven Tilleke & Gibbins Lawyers

On February 18, 2014, Chambers Asia-Pacific released its annual rankings for law firms and individual lawyers. The rankings were determined through investigations carried out by over 140...

Read more

Datesort icon Title
March 19, 2014

Lex Mundi Global Practice Guide: Restrictions and Incentives on Ownership of Farmland

Chaiwat Keratisuthisathorn, Theerapat Sombatsatapornkul, Sawita Bosakaranut

Agricultural expansion through farmland has been a key driver of growth in several parts of the world to cope with the increasing needs for food. In many jurisdictions, the ownership and...

Read more

February 28, 2014

Pharmaceutical Marketing in Vietnam: Regulatory Restrictions and Permissible Activities

Michael K. Lee, Kien Trung Trinh

Vietnam has one of the world’s top growth rates in pharmaceutical spending, with Thanh Nien newspaper estimating that spending for 2013 would exceed USD 3.3 billion, an increase of 17%...

Read more

February 20, 2014

Carl Icahn’s Letter to Apple: Lessons for Hotel Owners and Global Operators

David Lawrence

Part 1 of 5: Understanding the Owner-Brand Relationship

The recent news of “activist investor” Carl Icahn’s...

Read more

January 28, 2014

International Franchising – Thailand Chapter

Alan Adcock, Sriwan Puapondh

Trademarks, tax, and termination are the terms in a franchise agreement most likely to cause trouble for a franchisor in Asia. In Thailand, many of the world’s most successful franchise models...

Read more

January 28, 2014

International Franchising – Vietnam Chapter

Thomas J. Treutler

The streets of Hanoi and Ho Chi Minh City are being filled with popular brand names of international franchises like KFC, Lotteria, and Circle K. Yet a foreign tourist wishing to find the nearest...

Read more