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.
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:
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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 |
|---|---|---|---|
|
Timothy Wales |
Consultant | Bangkok |
+66 2653 5555 |
|
Cynthia M. Pornavalai |
Partner | Bangkok |
+66 2653 5559 |
|
Michael K. Lee |
Partner | Ho Chi Minh City |
+84 8 3936 2069 |
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| Date |
Title |
|---|---|
| June 21, 2011 |
The BigChilli Magazine Interviews David Lyman David Lyman The BigChilli, a Bangkok-based lifestyle magazine, recently interviewed David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins. The interview highlighted the background... |
| September 24, 2010 |
Tilleke & Gibbins Adds Nguyen Quoc Vinh to Vietnam Team Vinh Quoc Nguyen The Vietnam team at Tilleke & Gibbins has recently been strengthened by the addition of Nguyen Quoc Vinh, a senior associate. Based in the firm’s Ho Chi Minh City office, Vinh’s practice... |
| October 11, 2012 |
Tilleke & Gibbins Attorneys Named as Leading Lawyers by Asialaw Darani Vachanavuttivong, Alan Adcock, Suebsiri Taweepon, Michael K. Lee Following Asialaw’s extensive annual survey of senior corporate executives, in-house counsel, and private-practice lawyers, five members of the Tilleke & Gibbins team, from both our Thailand... |
| 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... |
| August 9, 2011 |
Tilleke & Gibbins Featured in Vietnam Business Forum Thomas J. Treutler, Michael K. Lee Vietnam Business Forum, a weekly magazine published by the Vietnam Chamber of Commerce and Industry, featured Tilleke & Gibbins in its edition for August 1-8, 2011. This was a special... |
| Date |
Title |
|---|---|
| October 10, 2008 |
Condominium Act Amendments and Their Implications Cynthia M. Pornavalai In a move to address numerous complaints from condominium buyers, the Thai government has enacted the Condominium Act (No. 4) 2008. Effective as of July 4, 2008, the new law significantly expands... |
| August 13, 2010 |
Condominium Inheritance Among Foreign Investors Condominium ownership has become an increasingly popular method of investment in Thailand by foreign investors. When making the decision to purchase a condominium, however, it is necessary for... |
| October 19, 2007 |
John King, Thomas J. Treutler On the heels of its 2006 entry into the WTO, Vietnam’s economy continues to show high growth and is generally considered the second fastest growing economy in Asia behind China. This article... |
| August 10, 2012 |
Due Diligence Checklist for Property Buyers Chaiwat Keratisuthisathorn Any time you acquire property, you face certain legal risks. Whether you acquire the property through a merger and acquisition of a corporation that holds property, or through a direct acquisition... |
| March 8, 2010 |
Foreign Individuals May Now Own Condominiums in Vietnam Michael K. Lee In 2008, the National Assembly of the Socialist Republic of Vietnam passed Resolution 19/2008/QH12 (“Resolution 19”), a five-year pilot legislation which permits foreign organizations and... |
