Bankruptcy and Restructuring

Featured Publication: Thailand Legal Basics: Bankruptcy
Contacts
T: +66 2056 5995
T: +66 2056 5500
T: +84 8 3936 2069
T: +66 2056 5995

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

Tilleke & Gibbins helps creditors, debtors, and other stakeholders survive and thrive in uncertain economic times. We help clients reach commercial goals, including achieving maximum value from corporate assets, favorable loan terms, equitable distribution of assets and company closure, and business renewal via reorganization or restructuring. We are innovative in our outlook and zealous in our execution.

Our assistance begins at the inception of a deal. Our banking and finance specialists assist clients in properly documenting commercial lending and other financial transactions. Our proactive approach means that our clients can rely on the documentation to solve future lender-borrower disputes.

Our assistance is multifaceted. When we represent a debtor in an insolvency situation, we may negotiate with creditors on the pre-bankruptcy composition of debts, provide advice on employment and labor matters, defend brands and corporate names, explore the client’s tax exposure, and obtain protection for directors through contractual arrangements.

Our dedicated bankruptcy and restructuring group is supported by experts in commercial transactions and M&A, corporate services, dispute resolution and litigation, employment, insurance, intellectual property, property, and tax. By working across legal disciplines, we provide our clients with solutions that are comprehensive, practical, and durable.

Among our recent matters, we have:

  • Obtained court approval of a bankruptcy claim in the amount of nearly THB 120,000,000. Our representation included submitting the application for debt repayment, providing supplemental explanations and evidence, and proving our client’s right to the sum.

  • Obtained court approval of bankruptcy claims in  amounts of over THB 75,000,000 (company 1), THB 75,000,000 (company 2), and THB 150,000,000 (company 3). Our representation included submitting the application for debt repayment, providing supplemental explanations and evidence, and proving our clients’ right to the sums.

  • Assisted a client with business reorganization. Our representation included providing legal advice, preparing and submitting the debt repayment application, attending the creditors’ meeting, and attending court hearings.

  • Represented a client in a bankruptcy case. Our representation included providing legal advice, preparing and submitting a petition for an absolute receivership order and the debt repayment application, attending various meetings with the official receiver, and attending court hearings.

  • Facilitated the restructuring of large commercial entities, including a U.S.-Thai Treaty of Amity company engaged in engineering and construction.

  • Assisted our client, a jewelry exporter, with its claim under trade credit insurance and in recovering on its claim in bankruptcy proceedings filed against the client’s trading partner pursuant to the United States Bankruptcy Code. The combined recovery rates from the bankruptcy and insurance policy claims exceeded 95% of the client’s exposure.

  •   
  • Page :
  • 1
  • 2
Namesort icon Position Office

Alongkorn Tongmee

T:+66 2056 5807

E-mail

Associate
Bangkok

Athistha (Nop) Chitranukroh

T:+66 2056 5600

E-mail

Of Counsel
Bangkok

Chitchai Punsan

T:+66 2056 5779

E-mail

Associate
Bangkok

Chusert Supasitthumrong

T:+66 2056 5793

E-mail

Partner
Bangkok

Cynthia M. Pornavalai

T:+66 2056 5559

E-mail

Partner
Bangkok

Ittirote Klinboon

T:+66 2056 5798

E-mail

Associate
Bangkok

Kasamesunt Teerasitsathaporn

T:+66 2056 5799

E-mail

Partner
Bangkok

Michael K. Lee

T:+84 8 3936 2069

E-mail

Partner
Ho Chi Minh City

Nuanchun Somboonvinij

T:+66 2056 5800

E-mail

Associate
Bangkok

Piyanuj (Lui) Ratprasatporn

T:+66 2056 5533

E-mail

Partner
Bangkok
  •   
  • Page :
  • 1
  • 2
Date Title
February 9, 2011

Tilleke & Gibbins Names New Partners

Alan Adcock, Nandana Indananda, Thomas J. Treutler

Tilleke & Gibbins, the largest independent law firm in Thailand, proudly announces the appointment of Alan Adcock, Nandana Indananda, and Thomas J. Treutler as Partners of the firm.

...

Read more

March 21, 2008

Success by the Book

Darani Vachanavuttivong, Tiziana Sucharitkul

This article provides an introduction to Tilleke & Gibbins based on the firm’s winning the prestigious International Law Office Client Choice Award 2007 for Thailand.

Read more

March 17, 2011

BRT Business Leaders’ Lunch

David Lyman

David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins, was recently invited to participate in the inaugural BRT Business Leaders Lunch. Held at the JW Marriott in Bangkok, the...

Read more

December 17, 2010

Interview with Cynthia M. Pornavalai on Legal Reform

Cynthia M. Pornavalai

In this interview with Business Report Thailand, Tilleke & Gibbins partner Cynthia M. Pornavalai discusses the possibility of government reform to boost investment. Cynthia examines...

Read more

June 21, 2011

The BigChilli Magazine Interviews David Lyman

David Lyman

The BigChilli, a Bangkok-based lifestyle magazine, recently interviewed David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins. The interview highlighted the background...

Read more

Date Title
April 25, 2006

Yesteryear – Bangkok in 1956: What Was It Like When AMCHAM Thailand Was Founded?

David Lyman

In this text of a presentation for the 50th anniversary of the American Chamber of Commerce in Thailand, David Lyman reflects on the changes he has observed in Thailand in the 50 years since...

Read more

July 13, 2007

Temporary Cessation of Operations

Chusert Supasitthumrong, Tiziana Sucharitkul

If an employer needs to temporarily cease operations wholly or partially for any reason other than force majeure, Thailand’s Labor Protection Act allows for the possibility of cessation of...

Read more

October 19, 2007

Doing Business in Vietnam

John King, Thomas J. Treutler

On the heels of its 2006 entry into the WTO, Vietnam’s economy continues to show high growth and is generally considered the second fastest growing economy in Asia behind China. This article...

Read more

August 1, 2008

Creditors’ Claims in Bankruptcy Actions

Chusert Supasitthumrong

The continuous rise in oil prices over the past two years has reached an unprecedented level. The reason for such a sharp rise is the source of much debate. However, what is clear is the...

Read more

November 17, 2008

Bankruptcy Law in the Kingdom of Thailand

Cynthia M. Pornavalai

This article provides a thorough overview of Thailand’s bankruptcy system, liquidation, and business reorganization processes. Relevant laws and procedures are cited throughout the document for...

Read more