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.

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Name Position Office

Aaron Le Marquer

T:+66 2653 5784

E-mail

Partner
Bangkok

Alan Adcock

T:+66 2653 5871

E-mail

Partner
Bangkok

Charunun Sathitsuksomboon

T:+66 2653 5541

E-mail

Partner
Bangkok

Chinachart Vatanasuchart

T:+66 2653 5688

E-mail

Partner
Bangkok

Cynthia M. Pornavalai

T:+66 2653 5559

E-mail

Partner
Bangkok

David Lyman

T:+66 2653 5597

E-mail

Partner
Bangkok

John King

T:+855 23 964 210

E-mail

Partner
Phnom Penh
Bangkok

Kobkit Thienpreecha

T:+66 2653 5534

E-mail

Partner
Bangkok

Michael K. Lee

T:+84 8 3936 2069

E-mail

Partner
Ho Chi Minh City

Piyanuj (Lui) Ratprasatporn

T:+66 2653 5533

E-mail

Partner
Bangkok
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Datesort icon Title
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...

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April 7, 2016

Tilleke & Gibbins Strengthens Insurance Practice with Hiring of Athistha Chitranukroh

Athistha (Nop) Chitranukroh

Southeast Asian law firm Tilleke & Gibbins has bolstered its insurance and transactional practices with the hiring of Athistha (Nop) Chitranukroh, Of Counsel in the firm’s Bangkok office....

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March 18, 2016

Top Thai Brands 2016: Yuwadee Thean-ngarm to Present on Important Myanmar Laws

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Yuwadee Thean-ngarm, a consultant in Tilleke & Gibbins’ Yangon office, will speak on the topic “Myanmar Insight: Ten Laws You Need to Know in Myanmar” at “Top Thai Brands 2016,” a seminar...

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March 16, 2016

Training Course: ASEAN Business and Investment Law

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Three Tilleke & Gibbins partners have been invited to lecture at the “ASEAN Business and Investment Law Training Course,” hosted by the Law and Development Research Center, Faculty of Law,...

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February 16, 2016

Piyanuj (Lui) Ratprasatporn to Discuss Startups and Venture Capitalism at ASBIRO Event

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Piyanuj (Lui) Ratprasatporn, partner and director of Tilleke & Gibbins’ corporate and commercial department, will participate as a panelist at “Polish Business Seminar: Discover Business in...

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Datesort icon Title
December 2, 2014

Myanmar Legal Update: Moving Toward Market Liberalization

Michael Ramirez

Myanmar is in the midst of undergoing significant political and economic change. A full sixty-six years after its independence from Great Britain and after nearly fifty years of strict military...

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October 28, 2014

International Franchising (Second Edition) – Thailand Chapter

Sriwan Puapondh, Alan Adcock

International Franchising, Second Edition (Release 3, 2014) has been published through Juris Publishing and edited by the Center for International Legal Studies. The guide provides expert...

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October 28, 2014

International Franchising (Second Edition) – Vietnam Chapter

Michael K. Lee, Jim Dao, Tu Ngoc Trinh

In Vietnam, franchising is an imprecise practice—although a system of registration and a set of regulations do exist, the framework lacks depth, which causes uncertainty for those wishing to...

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October 17, 2014

Understanding the Asean Collective Investment Scheme

Cynthia M. Pornavalai

In the latest step towards the integration of Asean capital markets, Thailand-based fund managers can now offer retail funds directly to investors in Malaysia and Singapore —and vice versa —...

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September 2, 2014

Getting the Deal Through – Franchise 2015, Vietnam Chapter

Jim Dao, Tu Ngoc Trinh

The 2015 edition of Getting the Deal Through – Franchise, a guide to franchising in 29 jurisdictions worldwide, has been published by Law Business Research. The Vietnam chapter of the...

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