Property

Featured Publication: Overview of Real Estate in Vietnam
Contacts
T: +84 24 3772 5633
T: +66 2056 5559

T: +856 21 262 355
T: +66 2056 5995

Tilleke & Gibbins provides efficient, cost-effective, business-oriented representation on property transactions. 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 Southeast Asia. We help our clients in all industries, from manufacturing to hospitality, recognize and capitalize on these opportunities.

Among our recent matters, we have:

  • 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.

  • 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 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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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July 14, 2020

Tilleke & Gibbins Highlighted in WTR Article on Diversity and Inclusion in Asian Law Firms

In a research project to celebrate Pride Month 2020, World Trademark Review  (WTR) recently set out to explore the landscape of diversity and inclusion initiatives in...

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July 3, 2020

Asialaw Awards 2020: Tilleke & Gibbins Nominated for Three National Firm of the Year Awards

Tilleke & Gibbins has been nominated for three Firm of the Year Awards at the third Asialaw Regional Awards—an Asia-wide awards ceremony recognizing the best law firms across the region. The...

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June 5, 2020

Yuwadee Thean-ngarm and Nada Songsasen to Join TBAM’s Myanmar Update #6: COVID-19

Nada Songsasen, Yuwadee Thean-ngarm

On June 10, Yuwadee Thean-ngarm, director of Tilleke & Gibbins’ Yangon office and secretary-general of the Thai...

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June 1, 2020

Tilleke & Gibbins and TLCA to Cohost Webinar on Investment in CLMV

Yuwadee Thean-ngarm, Waewpen Piemwichai, Jay Cohen, Dino Santaniello

On June 4, Tilleke & Gibbins and the Thai Listed Companies Association (TLCA) will cohost a webinar to offer insights to Thai investors on the impact of COVID-19 on investment into Cambodia,...

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May 28, 2020

Tilleke & Gibbins Named Visionary Client Service Law Firm of the Year

Tilleke & Gibbins is proud to have been named Visionary Client Service Law Firm of the Year – Asia at the 2020 Counsels of the Year Awards, hosted by the Asian-Mena Counsel  ...

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June 25, 2020

Practical Law: Agricultural Law in Thailand 2020

Chaiwat Keratisuthisathorn, Chanchai Jhongsathit, Michael Ramirez, Salil Siriwat, Siradapat Ratanakorn, Varapa Aurat

Practical Law has published an updated online version of Agricultural Law in Thailand, a Q&A-style guide that provides detailed overviews of the law affecting...

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June 15, 2020

COVID-19 Considerations for Commercial Tenants

Eric M. Meyer, Jamorn Pornponwat

As the Thai government begins to gradually lift the restrictions that were implemented to minimize the health risks of the COVID-19 pandemic, the unprecedented economic impact of the disease...

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June 15, 2020

Thailand Provides Detailed Criteria for Land Use Classification for Tax Purposes

Chaiwat Keratisuthisathorn, Chanchai Jhongsathit

Two new notifications pertaining to the Land and Building Tax Act B.E. 2562 (2019) were published in the Government Gazette on May 29, 2020, detailing the criteria for classifying property...

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June 12, 2020

Thailand Reduces 2020 Land and Building Tax

Chanchai Jhongsathit, Chaiwat Keratisuthisathorn

The Royal Decree on Land and Building Tax Reduction B.E. 2563 was published in Thailand’s Government Gazette on June 10, 2020, and took effect the next day. The decree, intended to provide...

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June 9, 2020

Government of Vietnam Issues Resolution to Boost Post-Pandemic Economy

Vinh Quoc Nguyen

On May 29, 2020, the government of Vietnam issued Resolution No. 84/NQ-CP, which mandates a number of economic relief and recovery measures in light of the COVID-19 pandemic. These measures...

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