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 2056 5995
T: +66 2056 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 Positionsort icon Office

Anake Rattanajitbanjong

T:+66 2056 5510

E-mail

Associate
Bangkok

Chaiwat Keratisuthisathorn

T:+66 2056 5507

E-mail

Associate
Bangkok

Doan Ngoc Tran

T:+84 8 3936 2060

E-mail

Associate
Ho Chi Minh City

Kien Trung Trinh

T:+84 4 3772 5567

E-mail

Associate
Hanoi

Pornchai Srisawang

T:+66 2056 5543

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 2056 5508

E-mail

Associate
Bangkok

Kitti Thaisomboon

T:+66 2056 5539

E-mail

Associate
Bangkok

Passanan Suwannoi

T:+66 2056 5603

E-mail

Associate
Bangkok
Date Titlesort icon
February 25, 2011

Chambers Asia-Pacific 2011 Honors Seven Tilleke & Gibbins Attorneys

Cynthia M. Pornavalai, Darani Vachanavuttivong, Hassana Chira-aphakul, Michael K. Lee, Sriwan Puapondh, Thawat Damsa-ard, Thomas J. Treutler

On February 25, 2011, Chambers Asia-Pacific released its rankings for law firms and individual lawyers.  Based on thousands of interviews conducted by a team of 50+ full-time...

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March 1, 2013

Chambers Asia-Pacific 2013: Nine Tilleke & Gibbins Attorneys Listed as Leading Lawyers

Alan Adcock, Jeffrey J. Blatt, Thawat Damsa-ard, David Duncan, Michael K. Lee, Cynthia M. Pornavalai, Sriwan Puapondh, Thomas J. Treutler, Darani Vachanavuttivong

In 2013 edition of Chambers Asia-Pacific, nine attorneys at Tilleke & Gibbins have been individually recognized for their outstanding work on behalf of their clients over the past...

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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...

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February 10, 2016

Chambers Asia-Pacific 2016 Recognizes Tilleke & Gibbins’ Practices in Cambodia, Laos, and Myanmar

In the 2016 annual rankings released by renowned industry publication Chambers Asia-Pacific, Tilleke & Gibbins’ practices in Cambodia, Laos, and Myanmar were recognized for their...

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February 26, 2015

Chambers Asia-Pacific Awards 2015: Tilleke & Gibbins Nominated as Thailand Law Firm of the Year

Tilleke & Gibbins has been nominated for the Thailand Law Firm of the Year Award 2015 by Chambers Asia-Pacific. This nomination comes after the firm was honored to win the...

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Date Titlesort icon
October 19, 2007

Doing Business in Vietnam

John King, Thomas J. Treutler

On the heels of its 2006 entry into the WTO, Vietnam’s economy continues to show high growth and is generally considered the second fastest growing economy in Asia behind China. This article...

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June 13, 2011

Draft Franchising Business Law in Thailand

Franchising has become a successful business model globally, and Thailand has been no exception. According to information from the Franchise & Thai SMEs Business Association, there are...

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March 4, 2010

Due Diligence in Asian IP Acquisitions – How Much Is Enough?

Alan Adcock

Intellectual property acquisitions are becoming commonplace in Asia with the move to knowledge-based economies. Agricultural and manufacturing economies may not have been prolific creators of IP,...

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February 13, 2009

E-Payment Service Protection for Consumers

Recently in Thailand and around the globe, companies have been offering more and more electronic payment services. These have either been in the form of direct debit cards, pre-paid credit cards,...

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October 25, 2016

Effects of the TPP on Vietnam’s Pharmaceutical Industry

John Frangos, Chuyen Hong Huu Le

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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