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Capital Markets

Capital Markets

Key Contacts

Cambodia

Laos

Myanmar

Thailand

Vietnam

OVERVIEW

Our attorneys advise on the full spectrum of debt and equity instruments across Southeast Asia.

We represent global and regional corporations and funds looking to issue equity instruments and debt securities, and we advise underwriters and issuers on crucial matters of disclosure when they prepare to offer securities to the public or to private investors. Our specialists advise on all types of financial instruments (including loans, securities, mutual funds, property funds, bonds, and derivatives), financial workouts and restructuring, and investment in regional assets and capital markets.

We have advised on the listing and secondary listing of hundreds of companies on markets around the world, and are well-equipped to quickly and confidently advise on navigating the regulatory requirements needed to advance your interests in Southeast Asia and beyond. Our extensive experience guiding clients through capital market regulatory frameworks in Southeast Asia and beyond has enabled clients to achieve the cash flow to support their investment goals. Issuers, underwriters, shareholders, originators, trustees, and depositaries all rely on Tilleke & Gibbins to ensure that investments with a Southeast Asian element are sound and secure.

Case Studies

Experience

  • Facilitated client growth and increased capital for business operations by converting the client’s business from a private to a public company and listing its securities on the Market for Alternative Investment (MAI) stock exchange.
  • Represented a major Thai manufacturer in the IPO process, including preparation, conversion to public company, SEC filing, and SET listing. Several years after the IPO, the company has greatly prospered such that the owner has become one of the ten richest persons in Thailand.
  • Assisted one of China’s largest logistics companies with assets of over CNY 96.74 billion (about USD 15.3 billion), in the client’s planned IPO in a major Chinese stock exchange. To prepare for the IPO, we assisted the client in ensuring regulatory compliance by the client’s three subsidiaries in Thailand by conducting full legal due diligence on each subsidiary and issuing legal opinions for the client to submit to the China Securities Regulatory Commission.
  • Conducted and organized legal due diligence for a Thai food manufacturer on its Thailand operations and subsidiaries in Thailand and four other countries around Asia, in advance of its IPO and listing on the SET.
  • Advised a European company that launched its IPO on the NASDAQ and offered a portion of its IPO stocks to its employees around the world, including in Thailand, amounting to a value of over USD 300,000. Specifically, we advised on Thai securities law applicable to the employee stock option plan and arranged for filing reports with the SEC.
  • Advised and assisted a major Thai chicken farm in the amalgamation of the client’s company and three other companies in the same group in advance of the amalgamated company’s planned IPO and listing on the Stock Exchange of Thailand (SET). 
  • Advising on the first ever dual listing of a Cambodian company on the Stock Exchange of Thailand.
  • Advised the Thai subsidiary of a Japanese microfinance lender on laws and regulations related to conducting a microfinance business in Thailand, as well as the Securities and Exchange Commission of Thailand and the Stock Exchange of Thailand requirements for listing of a company.
  • 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.

PROFESSIONALS

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