Banking and Finance

Featured Publication: Securities and Banking Regulations
Contacts
T: +66 2056 5559
T: +66 2056 5995
T: +84 28 3936 2061
T: +66 2056 5559

T: +66 2056 5995
T: +66 2056 5995

Tilleke & Gibbins helps clients achieve the goals of accessing and lending capital in Southeast Asia. Through long-term relationships with domestic and international businesses, financial institutions, investors, and governmental entities, we consistently deliver insight and results. 

We represent high-growth businesses seeking to generate capital by listing securities on regional stock exchanges and by securing financing. We collaborate with our commercial transactions and M&A team to help multinational corporations invest in Southeast Asia and regional companies invest abroad, by assisting with the financial aspects of foreign direct investment and mergers and acquisitions.

We represent major local and foreign banks, securities brokers and dealers, investment firms, and other financial institutions on licensing and establishment and ongoing regulatory compliance.  Our banking and finance specialists also 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 partner with experts in our tax group to deliver integrated legal advice. 

Read about some of our recent representative work below. Tilleke & Gibbins has:

  • Advised a consortium of financial institutions on telecommunications laws in connection with their bids to provide credit facilities (totaling THB 15.85 billion) to a major telecommunications operator for the expansion of a 3G mobile network and infrastructure.

  • Served as local counsel to a Chinese bank in a USD 60,000,000 loan transaction to finance a portion of an expressway project. We also advised the bank with respect to a USD 6,500,000 loan transaction to finance an automotive assembly company.

  • 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.

  • Selected from several candidate law firms to assist a reputable 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. We are proud to continue representing this client.

  • 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.

  • Advised a multinational financial institution on documents required from a Thai company as security for financing of over GBP 28,000,000 for a major construction project. We acted as Thai legal advisers when our client lent an initial GBP 23,500,000 in a refinancing of facilities. We provided legal opinions on the transaction from a Thai law perspective and, subsequently, on amendments and restatements of the facilities agreement.

  • Represented two major Japanese banks in preparing security documents for a syndicated loan financing valued at approximately USD 190 million.

  • Represented a private equity fund controlled by a subsidiary of one of Asia’s largest banking and finance groups. A Share Subscription and Investment Agreement, an Undertaking Agreement, and a Disclosure Letter were prepared for investment into a major rubber company in Thailand.

  • Represented a leading export finance institution in structuring a substantial and complex loan to a company in Vietnam and in registering the loan with the State Bank of Vietnam.

  • Assisted the leading investment banking firm in Vietnam with obtaining an investment license for a landmark project in central Vietnam. This development involves complex sub-units and various financing structures.

  • Advised a North American banking institution on a host of Vietnamese banking regulations regarding investment accounts, electronic banking, check clearing and international payment services, ACH transactions, foreign exchange services, and other issues.

  • Advised a coalition of European banks regarding Vietnamese law on secured aircraft finance and provided annual updates on changes to same.

Name Position Office

Cynthia M. Pornavalai

T:+66 2056 5559

E-mail

Partner
Bangkok

Kobkit Thienpreecha

T:+66 2056 5534

E-mail

Partner
Bangkok

Santhapat Periera

T:+66 2056 5995

E-mail

Partner
Bangkok
Vientiane
Yangon

Vinh Quoc Nguyen

T:+84 28 3936 2061

E-mail

Partner
Ho Chi Minh City

Aye Thuzar Hlaing

T:+95 1 255 208

E-mail

Associate
Yangon

Passanan Suwannoi

T:+66 2056 5603

E-mail

Associate
Bangkok

Sophea Sin

T:+855 23 964 210

E-mail

Associate
Phnom Penh

David Duncan

T:+66 2056 5538

E-mail

Consultant
Bangkok

David Beckstead

T:+66 2056 5591

E-mail

Consultant
Bangkok

Timothy Wales

T:+95 1 255 208

E-mail

Consultant
Yangon
Bangkok
Datesort icon Title
January 15, 2018

Tilleke & Gibbins to Host Seminar on Islamic Financial Services

Cynthia M. Pornavalai

The Islamic financial sector has grown at a significant rate over the past several years, and currently represents over USD 2 trillion in global market value. As Islamic finance becomes...

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January 12, 2018

Chambers Asia-Pacific Awards 2018: Tilleke & Gibbins Earns Nomination for Thailand Law Firm of the Year

Darani Vachanavuttivong, Tiziana Sucharitkul

Tilleke & Gibbins has been nominated as Thailand Law Firm of the Year in the Chambers Asia-Pacific Awards 2018. The firm has earned nominations for the award seven times since 2010, and...

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January 9, 2018

Two Tilleke & Gibbins Team Members Recognized in Who’s Who Legal Data 2018

Jeffrey J. Blatt, David Duncan

The debut edition of Who’s Who Legal Data  has recognized two members of Tilleke & Gibbins’ technology, media, and telecommunications (TMT) practice as experts in the...

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January 8, 2018

Tilleke Promotes Four New Partners in Thailand and Vietnam

Athistha (Nop) Chitranukroh, Kien Trung Trinh, Loc Xuan Le, Vinh Quoc Nguyen

Regional Southeast Asian law firm Tilleke & Gibbins is pleased to announce the promotion of four new members of the firm’s partnership in Thailand and Vietnam, effective January 2018.

...

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December 12, 2017

Tilleke & Gibbins Earns Top Rankings in Chambers Asia-Pacific 2018 in Thailand

Tilleke & Gibbins has been recognized with Band 1 rankings for its Intellectual Property, Insurance, and Technology, Media, and Telecommunications (TMT) practices in Thailand in the 2018...

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Datesort icon Title
October 17, 2014

Understanding the Asean Collective Investment Scheme

Cynthia M. Pornavalai

In the latest step towards the integration of Asean capital markets, Thailand-based fund managers can now offer retail funds directly to investors in Malaysia and Singapore —and vice versa —...

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December 25, 2013

PLC Doing Business In … Multi-Jurisdictional Guide 2014 – Thailand Chapter

Darani Vachanavuttivong, Sriwan Puapondh, Kitti Thaisomboon, Michael Ramirez, Anake Rattanajitbanjong, Napat Siri-armart, Kasma Visitkitjakarn, Chaiwat Keratisuthisathorn

The key to developing a successful business lies not only with having good entrepreneurial spirit and skills, but also with having sound knowledge of the laws and regulations that affect you and...

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August 23, 2013

Licensing Exemptions for Foreign Securities Firms

Kobkit Thienpreecha

The Stock Exchange of Thailand has taken many steps in recent years towards gradual liberalisation of the country's capital market. For example, more foreign products are now permitted to be...

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May 10, 2013

Securities and Banking Regulations in Thailand 2013 – Thomson Reuters Complinet

Santhapat Periera, David Duncan

This article summarizes the laws and regulations that stipulate the legal requirements to be met in Thailand’s banking and securities sectors. Readers will benefit from gaining a thorough...

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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...

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