Advised a financial fund from Australia on establishing a subsidiary for the purpose of acquiring the pharmaceutical department of a large multinational corporation in Thailand. In order to facilitate this key acquisition, we provided guidance on the regulations on importing and distributing pharmaceutical products in Thailand, as well as on the establishment of a Thai subsidiary. We assisted the client in obtaining approval from the Board of Investment of Thailand. By providing related tax advice, we were able to help the client plan and mitigate tax implications of importing and distributing products from Australia, including advice on regulatory requirements from the Food and Drug Administration. The total value of the project exceeded USD 20,000,000.
Piyanuj (Lui) Ratprasatporn
LLM, American University, Washington College of Law
LLB, Thammasat University
Piyanuj (Lui) Ratprasatporn helps businesses invest and excel in Thailand. An expert in day-to-day corporate operations, Lui advises clients on matters in relation to investment regulations, ownership structure, establishing legal entities (e.g., companies, partnerships, representative offices, branch offices, regional offices, regional operating headquarters), commercial contracts (e.g., distributorship agreements, purchase and sale agreements, franchise agreements), licenses and permits (e.g., alien business licenses, import-export licenses, factory licenses), and immigration and work permit matters.
On the speed dial of a number of top multinational corporations in Thailand, Lui provides spot-on, timely, and practical advice. For her excellent client service, she has earned the respect of her corporate clients and numerous accolades, such as being named a leading individual—every year since 2002—in the area of Corporate/M&A by The Legal 500 Asia Pacific.
She is an active member of many professional and business associations, including serving as a member of the Executive Council and Key Cities Committee of Multilaw, a Board member of the Thai-Norwegian Chamber of Commerce, and a member of the Thai Institute of Directors. A proponent of foreign investment in the Kingdom, Lui says, “Although there have always existed certain laws and regulations to limit foreign ownership in specific activities, the Thai government has generally taken a positive approach towards foreign direct investment.”