Cynthia M. Pornavalai

Partner
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T: +66 2056 5559
F: +66 2056 5678

Practices

Office

Languages

English, Japanese, Filipino, Thai

Education

Doctor of Laws course, Kyoto University

LLM, Kyoto University

LLB, Kyoto University

BA, University of the Philippines

Cynthia M. Pornavalai is a champion of business rights in Thailand. From advising foreign investors on mergers, acquisitions, banking and finance, and investing in Thailand to counseling major players in the Thai property market to helping lenders or debtors through debt restructuring and business reorganization matters, Cynthia’s practice is as varied as the business goals of her successful clients.

Cynthia is fluent in English, Japanese, Filipino, and Thai. Cynthia received in-depth legal training at Kyoto University, completing her LLB, LLM, and Doctor of Laws course. Drawing on her strong Japanese language and legal skills, she has developed a niche practice helping Japanese businesses invest and succeed in Thailand.

Also a prolific author and an in-demand speaker, Cynthia has penned numerous authoritative texts and has spoken in various conferences in Thailand and abroad. She is a Founding Member of the International Insolvency Institute and a member of the Japanese Securities Dealers Association.

Chambers Asia-Pacific 2018  recognizes Cynthia as a leading lawyer in Thailand in the areas of Corporate/M&A and Real Estate.

  • Advised a diversified manufacturing company in regard to Thailand acquisition financing related to its global acquisition of a plastic division in a USD 11.6 billion cash deal. We assisted in the acquisition of the Thai subsidiaries of the plastic division.

  • Assisted a Japanese venture capital company in drafting standard form investment agreements. The form agreements applied to various forms of investment both in stock and loans and to SME companies with listing prospects within a specified period.

  • Represented a Thai company in financing negotiations with a Malaysian investment group.  Documentation and negotiations involved major creditors, the court, and the investor group.

  • 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 a group investing in various high-end villa projects targeting the European market in Hua Hin and Phuket.

  • 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.

  • 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.

  • Represented a group of investors in their acquisition of beachfront properties for resort development.

  • Assisted a medical center with company formation in a short period of time to facilitate the timely commencement of business operations.

  • Secured a license for our client to operate as a dealer of derivatives and related securities with the Thai SEC and obtained other necessary licenses and permits for our client to operate in Thailand.

  • Provided assistance to a manufacturer of beverage-filling machines to accomplish the first registration of machinery ownership by a foreign entity with no subsidiary in Thailand. In the past, only registered Thai companies or foreign entities with subsidiaries in Thailand were allowed to register such machinery ownership. The machinery was valued at USD 5,260,000. 

  • Represented a major U.S. telecommunications and software vendor in negotiations with five Thai mobile telecom operators to deploy mobile number portability (MNP) in Thailand. We successfully negotiated the deal to full deployment, which included a build operate and agreed optional transfer build out. We also handled the formation of the client’s Thai subsidiary and associated visa/work permits and required Thai bank guarantees. MNP is now up and available in Thailand, and we continue to advise the client on mobile virtual network operator regulations and the offering of SMS services.

  • Represented two major Japanese banks in preparing security documents for a syndicated loan financing valued at approximately USD 190 million.

  • Assisted a major Japanese bank leading a syndicated term loan transaction with a listed credit card operator in Thailand. The loan was not secured by any borrower assets.

  • Assisted a Thai guarantor on a guarantee transaction for its foreign subsidiary’s financing facility, and coordinated actions between four jurisdictions (the U.K., Singapore, Jersey, and Thailand).

  • Advised a Singaporean hotel group on a loan facility (and ancillary) agreements with a top Asian bank, to finance construction of a hotel in Bangkok. It was secured by a land mortgage, a parent company guarantee, a Letter of Credit, and an assignment of operating accounts.

  • Assisted a worldwide distributor of dental and healthcare related products, listed on the NASDAQ, in an acquisition and joint venture with a market-dominant Thai distributor of medical and dental equipment.

  • Worked with a major law firm in China to represent a Chinese state-owned enterprise in a cross-border acquisition of 20-30% shares in a leading Thai company producing paper pulp and bioelectricity, with capital of approximately THB 2.6 billion.

  • Assisted a listed Singaporean company in the hospitality industry in their acquisition of a medium-sized hotel in Thailand valued at approximately THB 600 million. Participated in all stages of the acquisition, from initial due diligence up to the transaction close, and provided guidance on all legal matters concerning local regulations surrounding corporate, property, and labor laws.

  • Worked with a Chinese law firm representing a Chinese state-owned enterprise in setting up a joint venture with a major producer and exporter of cassava starch in Thailand.

  • Represented a U.S. manufacturer and distributor of air conditioners in the setup of a joint venture, with a Thai partner, to acquire an air conditioner manufacturing plant. The team assisted the client in all stages of the transaction from legal due diligence to closing. We also advised on necessary procedural steps and permits required before and after the acquisition.

  • Represented a foreign property developer in the purchase of an aggregate plot of land with various unrelated owners, and provided guidance on land purchase and regulations surrounding foreign investments in Thailand.

Datesort icon Title
December 12, 2017

Fourteen Tilleke & Gibbins Lawyers Receive Recognition in Chambers Asia-Pacific 2018 Rankings

Chambers Asia-Pacific  has recognized the following 14 Tilleke & Gibbins lawyers and consultants for their impressive legal knowledge and expertise, capabilities, and client-focused services...

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December 12, 2017

Tilleke & Gibbins Earns Top Rankings in Chambers Asia-Pacific 2018 in Thailand

Tilleke & Gibbins has been recognized with Band 1 rankings for its Intellectual Property, Insurance, and Technology, Media, and Telecommunications (TMT) practices in Thailand in the 2018 edition...

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November 30, 2017

Legal 500 2018: Tilleke & Gibbins Ranked in Tier 1 in IP, Labor and Employment, Tax, and TMT in Thailand

Tilleke & Gibbins’ Bangkok office has been ranked in “Tier 1” for Intellectual Property, Labor and Employment, Tax, and Technology, Media, and Telecommunications in the 2018 edition of The Legal...

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November 29, 2017

Tilleke & Gibbins Wins Three Asialaw Firm of the Year Awards

Tilleke & Gibbins has received high accolades for its exceptional regional practice at the inaugural Asialaw Asia-Pacific Legal Practice Awards, where it was named Southeast Asia Firm of the Year...

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November 15, 2017

Asialaw Profiles 2018: Tilleke & Gibbins Leads Rankings in Thailand

Regional law firm Tilleke & Gibbins has again distinguished itself as the dominant domestic law firm in Thailand in Asialaw Profiles 2018, a guide to the top domestic and regional firms in the...

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September 14, 2017

PLC Energy and Natural Resources (Electricity) Global Guide 2017 – Thailand Chapter

Cynthia M. Pornavalai, Santhapat Periera

The electricity regulation segment of Practical Law Company’s Energy and Natural Resources Global Guide  provides a Q&A-style overview of power issues and regulations across 23...

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August 31, 2017

Thailand Legal Basics

Thailand Legal Basics, a valuable primer for foreign investors, explores all aspects of living and doing business in Thailand. Written by Tilleke & Gibbins, the book begins with an overview of...

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July 13, 2017

Thailand: New Trade Competition Act to Take Effect in October 2017

Cynthia M. Pornavalai

Thailand’s new Trade Competition Act B.E. 2560 (2017) (TCA) was published in the Government Gazette  on July 7 and will come into force 90 days later on October 5. The new TCA will likely lead...

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May 5, 2017

Lex Mundi Guide to Doing Business in Thailand 2017

As part of its membership in Lex Mundi, Tilleke & Gibbins has published an updated edition of its Guide to Doing Business in Thailand for 2017.This guide offers a broad introduction to all of the...

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April 25, 2017

Thailand: Conducting Company Meetings by Teleconference or Video Conference

Cynthia M. Pornavalai

The Thai government and the relevant authorities are modernizing procedural requirements for companies, in order to make it easier to do business in Thailand. In 2014, the Announcement of the...

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