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

May Thwe Hlaing

T:+95 1 255 208

E-mail

Associate
Yangon

Napat Siri-armart

T:+66 2653 5537

E-mail

Associate
Bangkok

Nitipong Boonsong

T:+66 2653 5810

E-mail

Associate
Bangkok
Vientiane
Yangon

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
Datesort icon Title
October 30, 2014

The Legal 500 Asia Pacific 2015 Honors Ten Tilleke & Gibbins Attorneys

In the 2015 edition of The Legal 500 Asia Pacific, ten Tilleke & Gibbins lawyers were recognized as “Leading Individuals” in the fields of commercial transactions and M&A, dispute...

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October 29, 2014

IFLR 1000: Piyanuj (Lui) Ratprasatporn and Michael K. Lee Recognized as Leading Lawyers

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The IFLR 1000 2015  rankings of the world’s leading financial and corporate lawyers have been released. Two Tilleke & Gibbins lawyers were recognized as being leaders in their...

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October 9, 2014

Licensing Association of Thailand: Panel Discussion on IP Monetization

Alan Adcock, Aaron Le Marquer

Founded in 2013 and incorporated in 2014, the Licensing Association of Thailand (LAT) is a national association aimed at gearing Thailand’s licensing activities toward fostering an innovation-...

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September 29, 2014

Euromoney Asia Women in Business Law Awards 2014: Tilleke & Gibbins Shortlisted in Seven Categories

Tiziana Sucharitkul, Darani Vachanavuttivong, Kasma Visitkitjakarn, Sukontip Jitmongkolthong

On November 13, 2014, the Euromoney Legal Media Group will host its annual Asia Women in Business Law Awards at the JW Marriott in Hong Kong. The firm awards will be judged on the best initiatives...

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September 24, 2014

Cynthia M. Pornavalai to Speak as a Panelist at Gide/Lex Mundi Conference on Investing in ASEAN

Cynthia M. Pornavalai

Cynthia M. Pornavalai, a partner in Tilleke & Gibbins’ corporate and commercial group, will participate as a panelist at a joint Gide- and Lex Mundi-hosted conference titled “Investing in the...

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April 11, 2014

Making a Hotel Acquisition in Thailand: Protecting Your Future Assets

Theerapat Sombatsatapornkul

Thailand is a popular tourist destination and, to many of those with an entrepreneurial spirit, it is an attractive country in which to operate a hotel business. Phuket, for example, is a bustling...

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April 9, 2014

PLC Life Sciences Multi-Jurisdictional Guide 2014 – Vietnam Chapter

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Practical Law Company recently published the latest edition of its Life Sciences Multi-jurisdictional Guide. The online guide, presented to readers in a Q&A format, provides country-...

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PLC Life Sciences Multi-Jurisdictional Guide 2014 – Thailand Chapter

Alan Adcock, Areeya Pornwiriyangkura, Siraprapha Rungpry

The latest edition of Practical Law Company’s Life Sciences Multi-jurisdictional Guide has been published. The guide, presented to readers in a Q&A format, provides country-specific...

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The Evolution of the Global Hospitality Brand

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Part 2 of 5: Defining the Owner-Brand Relationship

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

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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...

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