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.

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Name Position Office

Chusert Supasitthumrong

T:+66 2056 5793

E-mail

Partner
Bangkok

Cynthia M. Pornavalai

T:+66 2056 5559

E-mail

Partner
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

Piyanuj (Lui) Ratprasatporn

T:+66 2056 5533

E-mail

Partner
Bangkok

Santhapat Periera

T:+66 2056 5995

E-mail

Partner
Bangkok
Vientiane
Yangon

Thawat Damsa-ard

T:+66 2056 5500

E-mail

Partner
Bangkok

Athistha (Nop) Chitranukroh

T:+66 2056 5600

E-mail

Of Counsel
Bangkok

Alongkorn Tongmee

T:+66 2056 5807

E-mail

Associate
Bangkok

Chitchai Punsan

T:+66 2056 5779

E-mail

Associate
Bangkok
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Datesort icon Title
February 1, 2017

Chambers Asia-Pacific Awards 2017: Tilleke & Gibbins Top Contender for Thailand Law Firm of the Year Award

Darani Vachanavuttivong, Tiziana Sucharitkul

Tilleke & Gibbins has been nominated for the Thailand Law Firm of the Year Award 2017 by Chambers Asia-Pacific. The firm has been nominated for the award six times since 2010, and was...

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January 19, 2017

Tilleke & Gibbins Earns Spot in First-Ever “Emerging Markets Experts” List by Asian Legal Business

Tiziana Sucharitkul, Darani Vachanavuttivong

Asian Legal Business (ALB)  has published an “Emerging Markets Experts” list for the first time, with Tilleke & Gibbins among 11 firms across Asia named to the list.

...

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November 14, 2016

Euromoney Asia Women in Business Law Awards 2016: Tilleke & Gibbins Named Thailand Firm of the Year

Tiziana Sucharitkul, Darani Vachanavuttivong

Tilleke & Gibbins has been named Thailand Firm of the Year at the Euromoney Legal Media Group Asia Women in Business Law Awards 2016. The awards ceremony was held on November 9 at the JW...

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November 4, 2016

Asialaw Profiles 2017: Tilleke & Gibbins Leads All Firms in Rankings in Thailand

Asialaw Profiles 2017, a guide to the leading domestic and regional firms in the Asia Pacific, has awarded top rankings to Tilleke & Gibbins in Thailand. The rankings, which are...

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October 17, 2016

IFLR 1000 2017: Tilleke & Gibbins Lawyers Recognized in Cambodia, Laos, Thailand, and Vietnam

John King, Santhapat Periera, Piyanuj (Lui) Ratprasatporn, Michael K. Lee

Four members of the Tilleke & Gibbins team across Southeast Asia have been recognized as Leading Lawyers by the IFLR 1000 2017, a guide to the world’s top financial and corporate law...

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Datesort icon Title
December 23, 2011

PLC Doing Business in … Multi-Jurisdictional Guide 2012 – Thailand Chapter

Sriwan Puapondh, David Duncan, Chaiwat Keratisuthisathorn, Michael Ramirez, Anake Rattanajitbanjong

This chapter provides an overview of the legal system and key laws for foreign companies doing business in Thailand. Presented in a question-and-answer format, the chapter examines the rules...

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December 14, 2011

Thailand Legal Basics: Bankruptcy and Restructuring

Cynthia M. Pornavalai, Santhapat Periera

In 1998, Parliament approved the first amendment to the 1940 Bankruptcy Act in 15 years, and further amendments were made in both 1999 and 2000. These amendments reduce the bankruptcy period from...

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May 11, 2011

The Report: Thailand 2011 – Legal Framework

The Report: Thailand 2011, published by Oxford Business Group, provides an in-depth analysis of various sectors of the Thai economy. In the legal section of the publication, Tilleke...

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May 3, 2011

Viewpoint – The Political Scene in Thailand: Pre-Election Observations

David Lyman

In response to regular queries received from our multinational clients, David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins, has been providing periodic updates on the...

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March 11, 2011

PLC Cross-border Doing Business in … Handbook 2011 – Thailand Chapter

Pimvimol (June) Vipamaneerut, Siriwan Phentalay, Chaiwat Keratisuthisathorn, Charunun Sathitsuksomboon

This chapter provides an overview of the legal system and key laws for foreign companies doing business in Thailand. Presented in a question-and-answer format, the chapter examines the rules...

Read more