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 8255 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.

Name Position Office

Aaron Le Marquer

T:+66 2056 5784

E-mail

Partner
Bangkok

Alan Adcock

T:+66 2056 5871

E-mail

Partner
Bangkok

Charunun Sathitsuksomboon

T:+66 2056 5541

E-mail

Partner
Bangkok

Chinachart Vatanasuchart

T:+66 2056 5688

E-mail

Partner
Bangkok

Cynthia M. Pornavalai

T:+66 2056 5559

E-mail

Partner
Bangkok

David Lyman

T:+66 2056 5597

E-mail

Partner
Bangkok

John King

T:+855 23 964 210

E-mail

Partner
Phnom Penh
Bangkok

Kobkit Thienpreecha

T:+66 2056 5534

E-mail

Partner
Bangkok

Piyanuj (Lui) Ratprasatporn

T:+66 2056 5533

E-mail

Partner
Bangkok

Santhapat Periera

T:+66 2056 5995

E-mail

Partner
Bangkok
Vientiane
Yangon
Datesort icon Title
September 19, 2017

ALB M&A Rankings 2017: Tilleke & Gibbins Among Top Regional M&A Practices

Tilleke & Gibbins continue to strengthen its profile as one of the most capable mergers and acquisitions practices in Southeast Asia, and was recently recognized in the Asian Legal...

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September 16, 2017

Myanmar Insight 2017: Overview of Investment Landscape

Yuwadee Thean-ngarm

On September 22, 2017, Yuwadee Thean-ngarm, director of Tilleke & Gibbins’ Yangon office and secretary-general of the Thai Business Association of Myanmar (TBAM), will be joining the event “...

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August 30, 2017

Vietnam Investment Review: Thomas Treutler Quoted on Foreign Investment in the Vietnamese Aviation Market

Thomas J. Treutler

The Vietnamese domestic aviation sector, formerly restricted to state ownership, has recently been opening up to foreign investment. In August 2017, the government announced a two-year plan for...

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August 18, 2017

Fifteen Tilleke & Gibbins Attorneys Recognized in Asialaw Leading Lawyers 2017

In the 2017 edition of Asialaw Leading Lawyers, a guide to the most preeminent practitioners of law in the Asia-Pacific, 15 lawyers at Tilleke & Gibbins have been recognized for the...

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July 31, 2017

Tilleke & Gibbins Nominated for Three TrustLaw Pro Bono Awards

In recognition of Tilleke & Gibbins’ pro bono practice, our firm has been nominated for the following awards at the 2017 TrustLaw Awards:

Datesort icon Title
August 18, 2016

PLC Franchising Global Guide 2016-17 – Thailand Chapter

Alan Adcock

Franchising Global Guide, published by Practical Law Company, provides an overview of franchising law and regulations in 17 jurisdictions around the world. The Thailand chapter of the guide,...

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August 18, 2016

PLC Franchising Global Guide 2016-17 – Vietnam Chapter

Chuyen Hong Huu Le, Tu Ngoc Trinh

Attorneys at Tilleke & Gibbins have contributed the Vietnam chapter to Practical Law Company’s Franchising Global Guide, which provides an overview of franchising law and regulations...

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August 18, 2016

PLC Franchising Global Guide 2016-17 – Cambodia Chapter

John King, Sophea Sin

The 2016-17 edition of Franchising Global Guide, published by Practical Law Company, provides a multijurisdictional overview of franchising law and regulations. John King, partner, and...

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August 1, 2016

Laos: Lao Language Required for Labels on Products and Packaging

Dino Santaniello

The Department of Industry and Commerce of Vientiane recently announced a requirement that business operators manufacturing products in Laos, or importing products from foreign countries into Laos...

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July 27, 2016

Thailand’s Free Trade Agreements: Minimizing Costs for Businesses

Free trade agreements (FTAs) provide a range of benefits to businesses. FTAs, which are agreed upon between two or more countries, allow companies in those countries to trade in certain goods with...

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