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
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  In-House...

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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  In-House...

Read more

April 21, 2020

Cynthia M. Pornavalai to Lead Legal and Compliance Webinar for New Startups

Cynthia M. Pornavalai

On April 22, Cynthia M. Pornavalai, a partner in the firm’s corporate and commercial group, will lead a legal and compliance webinar for startup entrepreneurs and developers as part of Plug and Play’...

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April 16, 2020

Tilleke & Gibbins Nominated for Visionary Client Service Award

In-House Community, the well-respected publishing house behind Asian-Mena Counsel  magazine, has announced the shotlist for its 2020 Visionary Client Service Providers awards, naming Tilleke...

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April 13, 2020

Tilleke & Gibbins Named ALB Employer of Choice 2020 in Thailand and Vietnam

Tilleke & Gibbins has once again been named as an “Employer of Choice” in Thailand and Vietnam in this year’s listings from Asian Legal Business  (ALB). This now marks eight...

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May 29, 2020

COVID-19 Resource Center

As the global COVID-19 situation develops, Tilleke & Gibbins is dedicated to ensuring that our clients remain up to date on the most important legal developments in Southeast Asia as they happen...

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April 28, 2020

Tilleke & Gibbins Guide to Bankruptcy Law in Thailand 2020

Most economists agree that the COVID-19 pandemic is hastening a global recession on a scale unseen since the Great Depression. As large-scale quarantines, business closures, and a sharp fall in...

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April 10, 2020

Bank of Thailand’s Economic Relief Measures for SMEs Affected By COVID-19 as of April 7

Cynthia M. Pornavalai

Faced with the specter of corporate liquidity problems brought about by the COVID-19 pandemic, the Thai government and the Bank of Thailand (BOT) have announced an array of measures to assist small...

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April 9, 2020

Bank of Thailand Issues Relief Measures for Debtors Affected by COVID-19 Pandemic

Cynthia M. Pornavalai, Sappaya Surakitjakorn

The Bank of Thailand (BOT) has issued BOT Announcement No. Wor 277/2563, dated February 28, 2020, to provide relief measures for small and medium-sized debtors who suffer adverse economic effects...

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March 19, 2020

COVID-19 Status Update for Southeast Asia - March 18, 2020

The effects of the global COVID-19 pandemic on Southeast Asia are a deep concern shared by all with connections to the region. To encourage clear understanding of the facts on the ground, Tilleke...

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