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 |
|---|---|---|---|
|
Chaiwat Keratisuthisathorn |
Associate | Bangkok |
+66 2653 5507 |
|
Kasamesunt Teerasitsathaporn |
Associate | Bangkok |
+66 2653 5799 |
|
Kornkieat Chunhakasikarn |
Associate | Bangkok |
+66 2653 5804 |
|
Penrurk Phetmani |
Associate | Bangkok |
+66 2653 5509 |
|
Pornchai Srisawang |
Associate | Bangkok |
+66 2653 5543 |
|
Vinh Quoc Nguyen |
Associate | Ho Chi Minh City |
+84 8 3936 2061 |
|
Waewpen Piemwichai |
Associate | Bangkok |
+66 2653 5505 |
|
Noppadon Treepetchara |
Associate | Bangkok |
+66 2653 5791 |
|
Kitti Thaisomboon |
Associate | Bangkok |
+66 2653 5539 |
|
Ahmet Yesilkaya |
Consultant | Bangkok |
+66 2653 5535 |
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| Date |
Title |
|---|---|
| June 27, 2011 |
Oxford Business Group Launches The Report: Thailand 2011 David Lyman In the wake of 2010’s political unrest and with upcoming national elections on the horizon, the climate for business and foreign direct investment in Thailand remains uncertain. The Report:... |
| July 9, 2007 |
Popular Financing Option Should Not Be Confused with Leasing Thawat Damsa-ard This article focuses on hire-purchase contracts and residential property. The article includes comments from Tilleke & Gibbins partner Thawat Dams-ard. |
| July 20, 2007 |
Spell Out Responsibilities Clearly Thawat Damsa-ard This article, focusing on landlord-tenant disputes, includes comments from Tilleke & Gibbins partner Thawat Damsa-ard. |
| March 21, 2008 |
Darani Vachanavuttivong, Tiziana Sucharitkul This article provides an introduction to Tilleke & Gibbins based on the firm’s winning the prestigious International Law Office Client Choice Award 2007 for Thailand. |
| October 14, 2009 |
TAGLaw and TIAG: Advantage Client Cynthia M. Pornavalai This profile on TAGLaw and TIAG focuses on the benefits of network membership to firms and, in turn, clients. The Thailand and Vietnam portions of the feature focus on Tilleke & Gibbins and... |
| Date |
Title |
|---|---|
| March 20, 2013 |
Lex Mundi Guide to Doing Business in Thailand 2013 Published by Tilleke & Gibbins in association with Lex Mundi, the Guide to Doing Business in Thailand provides a comprehensive overview of the legal environment for investors entering... |
| February 22, 2013 |
New Approach to Commercial Building Rules in Bangkok Napat Siri-armart Location, location, location—the old adage about the three things that matter in real estate continues to be true today, especially for retailers. Commercial real estate developers and retailers... |
| December 4, 2007 |
New Ministry of Interior Policy to Prevent Purchase of Land for the Benefit of Foreigners Thailand, with its rich culture and beautiful sites, presents a very attractive destination to foreigners from many countries—for visit, travel, or even retirement purposes. Some of these... |
| March 27, 2009 |
New Property Tax Incentive for Homebuyers Buying in 2009 The current global economic crisis has had a considerable effect on Thailand’s real estate market, and house purchasing demand has decreased accordingly. The stagnant housing market will have an... |
| February 28, 2011 |
New Regulations on Land Use Fees Michael K. Lee, Tu Ngoc Trinh In Vietnam, land prices are used as the basis for calculation of land use fees, which apply mainly to the payment for the allocated land by eligible persons to the State, and land rental, which... |
