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
November 14, 2014

Euromoney Asia Women in Business Law Awards 2014: Tilleke & Gibbins Honored in Three Categories

Darani Vachanavuttivong, Tiziana Sucharitkul, Sukontip Jitmongkolthong

On November 13, 2014, the Euromoney Legal Media Group hosted its annual Asia Women in Business Law Awards at the JW Marriott in Hong Kong. The firm awards were judged on the best initiatives for...

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November 12, 2014

Asialaw Profiles 2015: Tilleke & Gibbins’ Thailand Team “Highly Recommended” in Nine Practice Areas

Placing our firm at the pinnacle of the Thai legal market, Asialaw Profiles 2015  has ranked Tilleke & Gibbins as a “Highly Recommended” firm in nine practice areas. The rankings...

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October 30, 2014

The Legal 500 Asia Pacific 2015 Honors Ten Tilleke & Gibbins Attorneys

In the 2015 edition of The Legal 500 Asia Pacific, ten Tilleke & Gibbins lawyers were recognized as “Leading Individuals” in the fields of commercial transactions and M&A, dispute...

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September 29, 2014

Euromoney Asia Women in Business Law Awards 2014: Tilleke & Gibbins Shortlisted in Seven Categories

Tiziana Sucharitkul, Darani Vachanavuttivong, Kasma Visitkitjakarn, Sukontip Jitmongkolthong

On November 13, 2014, the Euromoney Legal Media Group will host its annual Asia Women in Business Law Awards at the JW Marriott in Hong Kong. The firm awards will be judged on the best initiatives...

Read more

September 3, 2014

Vietnam’s New Land Law: Presentation for EuroCham Hanoi

Vinh Quoc Nguyen

Dr. Vinh Quoc Nguyen, a senior associate in the Ho Chi Minh City office of Tilleke & Gibbins, will deliver a presentation on Vietnam’s new Land Law at a EuroCham business luncheon in Hanoi on...

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Datesort icon Title
November 19, 2014

Shifting Ground: Foreign Developers to Be Affected by Vietnam’s New Land Law

Vinh Quoc Nguyen

The new Land Law was ratified by the National Assembly on November 29, 2013, and came into effect on July 1 this year (the 2014 Land Law). It replaces the previous Land Law of 2003 (the 2003 Land...

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October 31, 2014

One-Year Visas for Foreign Condominium Owners

Chaiwat Keratisuthisathorn

Thai law allows foreigners—both foreign natural and juristic persons—who meet certain criteria to purchase and own condominium units in Thailand. This eligibility is, however, subject to the...

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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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