Commercial Transactions and M&A

Featured Publication: Guide to Doing Business in Thailand
Contacts
T: +84 24 3772 5633
T: +855 23 964 210

T: +66 2056 5995
T: +66 2056 5995
T: +95 1 255 208

Tilleke & Gibbins helps clients structure and implement strategic transactions that accelerate vertical or horizontal integration and industry consolidation. 

We serve both international clients wishing to acquire operations in Asia and domestic clients wishing to invest in businesses abroad. Free-trade agreements and financial liberalization make companies in Southeast Asia attractive assets for foreign investors. The increased strength of regional currencies and economies has encouraged local operators to invest internationally to increase their competitiveness. Both types of investors rely on our global and regional expertise in mergers, acquisitions, joint ventures, corporate restructuring, and other vehicles for equity investment.

Our clients also tap into our worldwide network of associated law firms to assist with cross-border transactions and benefit from our unique ability to negotiate and draft key contracts in languages including Thai, Vietnamese, Japanese, Mandarin, French, and English. 

We help our clients develop and execute global strategies for business growth. Read about some of our recent representative work. We have:

  • Represented a leading pharmaceutical  company in Thailand and Vietnam in connection with its merger with another multinational pharmaceutical company. We advised on various commercial agreements. We also provided guidance on the procedural steps and permits required before and after the integration of the two companies and implications in terms of employees, businesses, licenses, reorganization, etc. After the integration became effective, we helped the subsidiaries comply with various legal requirements and assisted our client in obtaining the necessary permits.

  • Helped a manufacturer establish a subsidiary for the purpose of relocating its production facility to Thailand. The project was promoted by the Board of Investment and had an investment value of more than THB 100,000,000. We reviewed the joint venture agreement and advised on corporate law, relevant regulations, and necessary permits. We assisted the client in obtaining  permits from the Industrial Estate Authority of Thailand and the Board of Investment to buy land and initiate the project. In addition, we conducted a thorough review of the deposit agreement, land purchase and sale agreement, and utilities service agreement.

  • Conducted due diligence on behalf of a financial institution considering whether to finance the build out of a state-owned operator’s planned 3G network in Thailand and advised the financial institution regarding risk factors. The proposed loan amount as publically disclosed exceeded USD 500,000,000.

  • 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.

  • Advised a financial fund from Australia on establishing a subsidiary for the purpose of acquiring the pharmaceutical department of a large multinational corporation in Thailand. In order to facilitate this key acquisition, we provided guidance on the regulations on importing and distributing pharmaceutical products in Thailand, as well as on the establishment of a Thai subsidiary. We assisted the client in obtaining approval from the Board of Investment of Thailand. By providing related tax advice, we were able to help the client plan and mitigate tax implications of importing and distributing products from Australia, including advice on regulatory requirements from the Food and Drug Administration. The total value of the project exceeded USD 20,000,000.

  • Assisted a Japanese plastics molding company in its share acquisition of a foreign-owned injection molding subsidiary with over 900 local employees in two separate facilities.

  • Assisted in structuring an airline alliance. As two major international carriers were organizing a joint venture, the firm was approached to assist. The joint venture is now in operation, and has helped to position both carriers for improved profitability.

  • Applied for and obtained an investment certificate for a rapidly expanding U.S. Internet company to set up shop and conduct business in Vietnam. Worked with the client to secure a local joint venture partner and structured the deal to allow the client to retain independence and control of the company.

  • Advised a leading producer of semiconductor processing equipment on contracts between the target company and a third party.

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Name Positionsort icon Office

Anake Rattanajitbanjong

T:+66 2056 5510

E-mail

Associate
Bangkok

Chaiwat Keratisuthisathorn

T:+66 2056 5507

E-mail

Associate
Bangkok

Doan Ngoc Tran

T:+84 28 3936 2060

E-mail

Associate
Ho Chi Minh City

Kien Trung Trinh

T:+84 24 3772 5567

E-mail

Associate
Hanoi

Pornchai Srisawang

T:+66 2056 5543

E-mail

Associate
Bangkok

Tu Ngoc Trinh

T:+84 24 3772 5556

E-mail

Associate
Hanoi

Vinh Quoc Nguyen

T:+84 28 3936 2061

E-mail

Associate
Ho Chi Minh City

Weerawat Distapinyo

T:+66 2056 5508

E-mail

Associate
Bangkok

Kitti Thaisomboon

T:+66 2056 5539

E-mail

Associate
Bangkok

Passanan Suwannoi

T:+66 2056 5603

E-mail

Associate
Bangkok
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Date Titlesort icon
April 19, 2016

Aaron Le Marquer to Participate as a Panelist at AIR Insurance M&A Conference

Aaron Le Marquer, Athistha (Nop) Chitranukroh

In 2015, there was a surge of M&A activity in the insurance sector in Asia due to the region’s strong economic growth. To review the landscape for insurance M&A in Asia, Aaron Le Marquer,...

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June 16, 2016

AEC Business Leader Program: Presentation on Law and Tax in Myanmar

Yuwadee Thean-ngarm

Yuwadee Thean-ngarm, a consultant in Tilleke & Gibbins’ Yangon office, will serve as a speaker at Bangkok Bank’s “AEC Business Leader Program,” a program that delivers insights and learning...

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January 25, 2017

Alan Adcock and Suebsiri Taweepon to Speak at LES Thailand Annual Conference

Alan Adcock, Suebsiri Taweepon

Alan Adcock and Suebsiri Taweepon, both partners at Tilleke & Gibbins, will speak at the Licensing Executive Society Thailand’s Annual Conference, “IP Commercialization: from Laboratory to...

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July 11, 2011

Alan Adcock Named a Leading IP Strategist

Alan Adcock

Alan Adcock, Partner and Deputy Director of the Tilleke & Gibbins Intellectual Property group, has been named to the IAM Strategy 250, a listing of the world’s leading IP strategists....

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June 25, 2012

Alan Adcock Named Leading IP Strategist by Intellectual Asset Management

Alan Adcock

IAM Strategy 300 has named Alan Adcock, partner and deputy director of the Tilleke & Gibbins intellectual property group, among the world’s leading IP strategists. Alan was recognized...

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Date Titlesort icon
February 15, 2016

Grace Period to Pay Stamp Duty in Myanmar

If you have existing contracts or are contemplating execution of new contracts in Myanmar, you should be aware of a recent announcement made by the Internal Revenue Department (IRD). The...

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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 21, 2007

A Supplier’s Look at Distributorship Agreements

Charunun Sathitsuksomboon

Under Thai law, a distributorship agreement is generally considered to be a type of sales agreement whereby a seller sells products to a distributor and the distributor resells the products for...

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April 29, 2008

Accelerated WTO Implementation – Foreign-Owned Import Companies Now Permitted Multiple Distributors

John King, Kien Trung Trinh

Until very recently, wholly foreign-owned companies that established themselves in Vietnam for the purpose of importing their products from their overseas affiliates were only permitted to market...

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September 30, 2009

Acquiring IP in Asia: Due Diligence Is Essential

Alan Adcock

Buyers in an intellectual property acquisition in Asia and the West want to know the same information about the IP they are acquiring, but the process must be conducted differently in Asia. In...

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