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 5794

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
October 14, 2015

IFLR 1000 Financial and Corporate 2016: Piyanuj (Lui) Ratprasatporn and Michael K. Lee Recognized as Leading Lawyers

Piyanuj (Lui) Ratprasatporn, Michael K. Lee

The IFLR 1000 2016  rankings of the world’s leading financial and corporate lawyers have been released. Placing our practitioners at the pinnacle of the legal market, the rankings...

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October 5, 2015

Euromoney Asia Women in Business Law Awards 2015: Tilleke & Gibbins Nominated in Four Categories

Darani Vachanavuttivong, Tiziana Sucharitkul, Sukontip Jitmongkolthong

Tilleke & Gibbins has been shortlisted in four categories in the Euromoney Legal Media Group Asia Women in Business Law Awards 2015. The awards recognize leading individuals in practice area...

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September 28, 2015

Tilleke & Gibbins Named Domestic Law Firm of the Year at TrustLaw Awards

Based on our “effort and enthusiasm in supporting pro bono clients over the last year,” Tilleke & Gibbins has been named the “2015 Domestic Law Firm of the Year” at this year’s TrustLaw Awards...

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September 3, 2015

ASEAN Franchise Congress: Presentations on Franchising Issues in Thailand and Vietnam

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Areeya Pornwiriyangkura, an attorney-at-law in Tilleke & Gibbins’ intellectual property group, and Jim Dao, a registered foreign attorney in the firm’s Ho Chi Minh City office, will present at...

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August 14, 2015

Tilleke & Gibbins Nominated for TrustLaw Pro Bono Award

John King

In recognition of Tilleke & Gibbins’ pro bono practice, our firm has been nominated as “2015 Domestic Law Firm of the Year” at this year’s TrustLaw Awards. Our nomination in this category is...

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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...

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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...

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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...

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December 25, 2013

PLC Doing Business In … Multi-Jurisdictional Guide 2014 – Thailand Chapter

Darani Vachanavuttivong, Sriwan Puapondh, Kitti Thaisomboon, Michael Ramirez, Anake Rattanajitbanjong, Napat Siri-armart, Kasma Visitkitjakarn, Chaiwat Keratisuthisathorn

The key to developing a successful business lies not only with having good entrepreneurial spirit and skills, but also with having sound knowledge of the laws and regulations that affect you and...

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November 25, 2013

Establishing a Company in Myanmar

Michael Ramirez, Yuwadee Thean-ngarm

Myanmar is at an important political and economic crossroads. Spearheaded by the reform-minded government of President Thein Sein, Myanmar has set a path toward a more liberalized democracy,...

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