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
Partner and Director, Corporate & Commercial
PRACTICE
OFFICE
LANGUAGE
Thai, English
EDUCATION
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, Regional Vice Chair of the Asia/Pacific Immigration Practice Group for Lex Mundi, 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.”
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Represented a leading pharmaceutical company in Thailand and Vietnam in connection with its merger with another multinational pharmaceutical company. We advised on various commercial agreements. We also provided guidance on the procedural steps and permits required before and after the integration of the two companies and implications in terms of employees, businesses, licenses, reorganization, etc. After the integration became effective, we helped the subsidiaries comply with various legal requirements and assisted our client in obtaining the necessary permits.
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Helped a manufacturer establish a subsidiary for the purpose of relocating its production facility to Thailand. The project was promoted by the Board of Investment and had an investment value of more than THB 100,000,000. We reviewed the joint venture agreement and advised on corporate law, relevant regulations, and necessary permits. We assisted the client in obtaining permits from the Industrial Estate Authority of Thailand and the Board of Investment to buy land and initiate the project. In addition, we conducted a thorough review of the deposit agreement, land purchase and sale agreement, and utilities service agreement.
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Represented a German client in the sale of its investments in three Thai companies, totaling over USD 1,000,000, to another foreign investor. We teamed up with a German law firm and advised the client on the legal requirements in relation to foreign investment and corporate law, including drafting a sale and purchase agreement and a share transfer agreement.
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Assisted a subsidiary of a Korean manufacturing conglomerate in establishing a branch office in Thailand to operate a service business for a project of an international energy company.
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Advised a major bank in the UK, with significant retail and commercial operations in more than 50 countries around the world, on the legal and tax implications of the Long Term Cash Plan, the Private Pension Plan, and the Executive Share Award Scheme for executives who are resident in Thailand. This involved the review of hundreds of documents in relation to these executive plans. We also provide yearly updates on the legal and tax implications of these plans.
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Helped a global pharmaceutical client close a large commercial deal in Thailand and obtain an Alien Business License in a short period of time in order for the client to commence business operations per the client’s schedule.
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Secured BOI promotional privileges for a leading global distributor to commence operations in Thailand.
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Advised a client on the applicable laws and procedures for importing fresh fruit into the Kingdom.
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Assisted a leading Korean cosmetics manufacturer to acquire shares from the Thai majority shareholder in its joint venture company, and eventually restructure and convert it into a wholly owned subsidiary. From reviewing relevant agreements, conducting a full due diligence, and correcting discrepancies found, to post-completion registration, the Tilleke & Gibbins team provided a complete range of services.
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Assisted a worldwide distributor of healthcare products, listed on the NASDAQ, in an acquisition and joint venture with a market-dominant Thai distributor of medical and dental equipment.
| Date |
Title |
|---|---|
| April 30, 2010 |
Chambers & Partners Recognizes Firm in Corporate and M&A: Mid-Market Cynthia M. Pornavalai, Piyanuj (Lui) Ratprasatporn On April 30, 2010, Chambers & Partners recognized Tilleke & Gibbins’ expertise in Corporate and M&A: Mid-Market with a Tier 1 ranking in Thailand in Chambers Asia 2010. Chambers &... |
| February 25, 2011 |
Commercial Transactions and M&A Practice Ranked in Band 1 in Thailand Piyanuj (Lui) Ratprasatporn, Cynthia M. Pornavalai On February 25, 2011, Chambers Asia-Pacific ranked the firm’s Corporate/M&A (Mid-Market) practice in Band 1 in Thailand. Chambers ranks law firms and individual lawyers in bands from 1-6, with 1... |
| February 27, 2012 |
Corporate and Commercial Practice in Thailand Awarded Tier 1 Ranking in Chambers Asia-Pacific 2012 Chambers and Partners, a leading publisher of guides on lawyers and law firms, has ranked the Tilleke & Gibbins Corporate and Commercial practice in the top tier in Thailand in its Corporate/M... |
| November 4, 2011 |
Eight Tilleke & Gibbins Attorneys Honored by Legal 500 Piyanuj (Lui) Ratprasatporn, Tiziana Sucharitkul, Thawat Damsa-ard, Chinachart Vatanasuchart, Darani Vachanavuttivong, Alan Adcock, Jeffrey J. Blatt, Sriwan Puapondh In the 2011 edition of The Legal 500 Asia Pacific, eight Tilleke & Gibbins attorneys were recognized as leading practitioners in their areas of practice in Thailand. This included: Corporate and... |
| December 16, 2010 |
Guide Focuses on Italian Investment in Thailand Piyanuj (Lui) Ratprasatporn, Tiziana Sucharitkul Piyanuj (Lui) Ratprasatporn, Partner and Director, Corporate & Commercial, has been featured in an interview in Thailandia: Gateway per l’Asia, Guida al Commercio e agli Investimenti (Thailand:... |
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| Date |
Title |
|---|---|
| April 6, 2012 |
Critical Considerations for Foreign Investors Doing Business in Thailand Piyanuj (Lui) Ratprasatporn, Charunun Sathitsuksomboon Increasingly investors are expanding their businesses to developing countries with a view to reducing costs and selling products in new markets. Thailand is among the most attractive destinations for... |
| January 26, 2007 |
Implications of Foreign Business Act Amendments Piyanuj (Lui) Ratprasatporn On January 9, 2007, the incumbent Cabinet appointed by the Council for National Security approved a bill to amend the Foreign Business Act 1999. The most significant issue was an amendment of the... |
| November 24, 2010 |
Legal Developments of Board Meetings Piyanuj (Lui) Ratprasatporn, Kobkit Thienpreecha Before September 10, 2008, private companies in Thailand had a fair amount of flexibility in holding meetings of the Board of Directors. On that date, however, Thailand’s Ministry of Commerce (MOC)... |
| January 4, 2012 |
Lex Mundi Guide to Doing Business in Thailand 2012 This guide provides a detailed overview of doing business in Thailand. Topics covered in the guide include investment, import and export regulations, exchange controls, tax, requirements for... |
| 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 the Thai... |
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