Property

Tilleke & Gibbins provides efficient, cost-effective, business-oriented representation on property transactions in Thailand and Vietnam. 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 Vietnam and Thailand. 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 Contact

Cynthia M. Pornavalai

Partner Bangkok

cynthia.p@tilleke.com

+66 2653 5559

Michael K. Lee

Partner Ho Chi Minh City

michael.l@tilleke.com

+84 8 3936 2069

Chaiwat Keratisuthisathorn

Associate Bangkok

chaiwat.k@tilleke.com

+66 2653 5507

Dussadee Rattanopas

Associate Bangkok

dussadee.r@tilleke.com

+66 2653 5537

Kasamesunt Teerasitsathaporn

Associate Bangkok

kasamesunt.t@tilleke.com

+66 2653 5799

Kornkieat Chunhakasikarn

Associate Bangkok

kornkieat.c@tilleke.com

+66 2653 5804

Noppadon Treepetchara

Associate Bangkok

noppadon.t@tilleke.com

+66 2653 5791

Penrurk Phetmani

Associate Bangkok

penrurk.p@tilleke.com

+66 2653 5509

Pornchai Srisawang

Associate Bangkok

pornchai.s@tilleke.com

+66 2653 5543

Vinh Quoc Nguyen

Associate Ho Chi Minh City

vinh.n@tilleke.com

+84 8 3936 2061

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Datesort icon Title
March 2, 2012

Nine Tilleke & Gibbins Attorneys Recognized by Chambers Asia-Pacific 2012

Cynthia M. Pornavalai, Darani Vachanavuttivong, Thawat Damsa-ard, Sriwan Puapondh, Hassana Chira-aphakul, Alan Adcock, Michael K. Lee, Thomas J. Treutler, Nga Thi Phi Nguyen

Nine attorneys at Tilleke & Gibbins were individually recognized by Chambers Asia-Pacific 2012 for outstanding work on behalf of their clients over the past year. The following...

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February 1, 2012

Tilleke & Gibbins Elevates Michael K. Lee to Partner

Michael K. Lee

Tilleke & Gibbins is proud to announce the appointment of Michael K. Lee as a Partner of the firm, effective January 1, 2012.

Michael counsels clients and manages cases on a wide range...

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December 28, 2011

Oxford Business Group and Tilleke & Gibbins Seal Third Partnership for 2012 Publication

Tiziana Sucharitkul

Oxford Business Group (OBG), the global publishing, research and consultancy company, has renewed its partnership with Tilleke & Gibbins for its latest report on Thailand’s economy.

As...

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December 22, 2011

Tilleke & Gibbins Shortlisted for Thailand Firm of the Year Award by Chambers Asia-Pacific

Darani Vachanavuttivong, Tiziana Sucharitkul

Tilleke & Gibbins has been nominated for the Thailand Firm of the Year Award by Chambers Asia-Pacific, a leading guide to the legal profession in the region. The Chambers Asia-Pacific...

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December 9, 2011

Tilleke & Gibbins Named Best Firm in Thailand at Asia Women in Business Law Awards

Darani Vachanavuttivong, Tiziana Sucharitkul

Tilleke & Gibbins was named “Best Firm in Thailand” at the inaugural Asia Women in Business Law Awards, held at the Jockey Club in Hong Kong on December 8, 2011. Representing Tilleke &...

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Datesort icon Title
January 12, 2012

Getting the Deal Through – Real Estate 2012, Thailand Chapter

Cynthia M. Pornavalai

Written for corporate counsel, cross-border legal practitioners, and business people, Getting the Deal Through – Real Estate provides a broad international perspective on real estate law...

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January 4, 2012

Lex Mundi Guide to Doing Business in Thailand 2012

This guide provides a detailed overview of doing business in Thailand. Topics covered in the guide include investment, import and export regulations, exchange controls, tax, requirements for...

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December 23, 2011

PLC Doing Business in … Multi-Jurisdictional Guide 2012 – Thailand Chapter

Sriwan Puapondh, Hiranrat Chakartnarodom, David Duncan, Chaiwat Keratisuthisathorn, Michael Ramirez, Anake Rattanajitbanjong, Siripong Siriworanark

This chapter provides an overview of the legal system and key laws for foreign companies doing business in Thailand. Presented in a question-and-answer format, the chapter examines the rules...

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December 14, 2011

Thailand Legal Basics

Thailand Legal Basics, a valuable primer for foreign investors, begins with an overview of Thailand’s legal system, including its history and the events and professionals that are shaping...

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December 14, 2011

Thailand Legal Basics: Land Systems, Rules, and Regulations

Chaiwat Keratisuthisathorn, Kobkit Thienpreecha

Land ownership in Thailand may be individual or shared with other Thais. Any Thai national may purchase land in the Kingdom. Land issues are governed primarily by the Land Code B.E. 2497 (A.D....

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