Property

Featured Publication: Getting the Deal Through: Real Estate
Contacts
T: +84 8 3936 2069

Tilleke & Gibbins provides efficient, cost-effective, business-oriented representation on property transactions. We work with domestic and multinational companies to develop tailored solutions for regional investment and global growth.

Our integrated approach, combining issues of banking and finance, commercial transactions (especially, joint ventures), insurance, regulatory affairs, tax, and, when necessary, dispute resolution and litigation, has earned us the trust of sophisticated investors and developers throughout Southeast Asia. As seasoned practitioners, we specialize in solutions that synthesize relevant business issues and our clients’ goals.

Profitable real estate opportunities can be fleeting in the forward-moving economies of Southeast Asia. We help our clients in all industries, from manufacturing to hospitality, recognize and capitalize on these opportunities.

Among our recent matters, we have:

  • Advised a major Japanese construction company in a USD 140,000,000 mixed-use office, condominium and serviced apartment project in Hanoi, including all licensing matters, land title issues, zoning variances, land subdivision, joint venture negotiations, corporate governance, and property management regulations.

  • Advised a key client on its various property joint venture projects with a major property group, including financing agreements, project joint venture agreements, and legal and tax structuring of specific condominium projects.

  • Represented one of the world’s most recognizable fashion and luxury goods retailers in several commercial real estate disputes in Thailand arising from the disputed termination of a 30-year franchisee relationship. This representation includes negotiation and settlement of lease hold and commercial franchisee contracts with both the outgoing franchisee and the incoming franchisee partner, one of Southeast Asia’s largest and most successful commercial retailers.

  • Helped a major U.S. hospitality chain to structure, draft, and negotiate management contracts and conduct due diligence for six hotel, resort, and condominium projects in compliance with Vietnamese law, including  land title, zoning issues, complex brand licensing, and various taxation issues.

  • Acted as counsel to the developer of various condominium projects in Pattaya. Our involvement covered all aspects of the condominium project, including legal structuring of investor groups, financing, land acquisition, and contracts.

  • Represented a client as a joint defendant in a civil lawsuit filed by the owner of adjacent land. The land owner petitioned the court to register a right-of-way across our client’s land to a public road. The trial court rendered judgment in favor of our client and dismissed the land owner’s complaint.

  • Advised on a mixed development of an entire island, including land acquisition, development and construction permits, joint venture agreements, financing, customer and supplier contracts, and the legal and tax structure.

  • Assisted an international investor with all legal aspects of a land deal, including corporate structure, contract negotiation, and transfer of property. The investor secured ownership of over 20 individual plots of prime beachfront property, which allowed for the eventual establishment of a high-end resort project valued at over THB 1,500,000,000.

  • Restructured the complete set of home loan documents for a global financial institution. The documentation set includes the facility agreement, mortgage agreement, and tripartite agreements between the bank, borrowers, and real estate developers.

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Name Position Office

Cynthia M. Pornavalai

T:+66 2653 5559

E-mail

Partner
Bangkok

Kasamesunt Teerasitsathaporn

T:+66 2653 5799

E-mail

Partner
Bangkok

Michael K. Lee

T:+84 8 3936 2069

E-mail

Partner
Ho Chi Minh City

Chaiwat Keratisuthisathorn

T:+66 2653 5507

E-mail

Associate
Bangkok

Ittirote Klinboon

T:+66 2653 5798

E-mail

Associate
Bangkok

Kitti Thaisomboon

T:+66 2653 5539

E-mail

Associate
Bangkok

Kornkieat Chunhakasikarn

T:+66 2653 5804

E-mail

Associate
Bangkok

Nitipong Boonsong

T:+66 2653 5810

E-mail

Associate
Bangkok
Vientiane
Yangon

Noppadon Treepetchara

T:+66 2653 5791

E-mail

Associate
Bangkok

Penrurk Phetmani

T:+66 2653 5509

E-mail

Associate
Bangkok
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Datesort icon Title
August 20, 2014

Cynthia M. Pornavalai to Speak at Euromoney Asset Management Asia Seminar

Cynthia M. Pornavalai

Cynthia M. Pornavalai, a partner in Tilleke & Gibbins’ corporate and commercial group, will be a guest speaker at a Euromoney Legal Training seminar dubbed “Asset Management Asia Seminar:...

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June 9, 2014

Vinh Quoc Nguyen to Present on Vietnam's New Land Law and Its Impact on Foreign Developers

Vinh Quoc Nguyen

Dr. Vinh Quoc Nguyen, a senior attorney-at-law at Tilleke & Gibbins, will discuss Vietnam's new Land Law and its potential impact on foreign developers at an AmCham Business Luncheon in Ho Chi...

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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...

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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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December 11, 2013

Asialaw Profiles 2014: Tilleke & Gibbins Ranked as a Highly Recommended Firm in Thailand

Darani Vachanavuttivong, Sriwan Puapondh, Jeffrey J. Blatt, Piyanuj (Lui) Ratprasatporn, Cynthia M. Pornavalai, Thawat Damsa-ard

Tilleke & Gibbins is a leading law firm in Thailand according to the latest rankings published by Asialaw Profiles 2014. Our firm was described as “highly recommended” in seven...

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Datesort icon Title
August 26, 2014

Vietnam’s New Land Law: The Impact on Foreign Developers

Vinh Quoc Nguyen

The latest incarnation of Vietnam's Land Law was ratified by the country’s National Assembly on November 29, 2013, and came into force on July 1, 2014 (the 2014 Land Law). This new law replaced...

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June 27, 2014

Dilemma: File a Claim or Nix the Contract?

Alongkorn Tongmee

Having multiple legal options is generally viewed as positive in a business context. It may, however, also imply the need to make a difficult decision—one with significant practical and legal...

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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 4, 2014

The Evolution of the Global Hospitality Brand

David Lawrence

Part 2 of 5: Defining the Owner-Brand Relationship

The previous article...

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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...

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