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.

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
May 26, 2017

Presentation on Indochina Franchising Regulations at Asian Food Franchising Forum

Alan Adcock

Alan Adcock, a partner and deputy director of Tilleke & Gibbins intellectual property and regulatory affairs groups, will give a presentation on “Interesting Case Studies Concerning...

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May 24, 2017

Presentation on Liability Risks for Directors and Officers at Dataconsult Forum

Chaiwat Keratisuthisathorn

Chaiwat Keratisuthisathorn, an attorney-at-law in Tilleke & Gibbins’ corporate and commercial group, has been invited to speak at a panel, “Bosses Beware: The Dangers of Being a Director,...

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May 23, 2017

Who’s Who Legal Recognizes Tilleke & Gibbins with 2017 Country Award for Thailand

Tiziana Sucharitkul, Darani Vachanavuttivong

Tilleke & Gibbins has won the 2017 Who’s Who Legal Country Award for Thailand at a ceremony that took place at Plaisterers’ Hall in London on May 15. This is the second year that the Thailand...

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May 16, 2017

Update on Developments in Myanmar Business Laws

Yuwadee Thean-ngarm

Yuwadee Thean-ngarm, the director of Tilleke & Gibbins’ Myanmar office, has been invited to present on “Myanmar Law Updates 2016-2017” in the Myanmar Update #3 Seminar.

Also speaking at...

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May 8, 2017

Tilleke & Gibbins to Host 2017 SCG Legal International Meeting in Bangkok

David Lyman, Somboon Earterasarun, Michelle Ray-Jones, Suebsiri Taweepon, Michael Ramirez, John Frangos

Tilleke & Gibbins, the only Thailand member of SCG Legal, a legal network comprised of over 148 independent law firms in 82 countries, will be hosting the 2017 SCG Legal International Meeting...

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Datesort icon Title
June 8, 2016

PLC Life Sciences Multi-Jurisdictional Guide 2016/17 – Thailand Chapter

Alan Adcock, Atthachai Homhuan, Siraprapha Rungpry

PLC Life Sciences Multi-jurisdictional Guide 2016/17  is a Q&A-style guide which provides an overview of the regulatory frameworks of the life sciences industries across multiple...

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June 8, 2016

PLC Life Sciences Multi-Jurisdictional Guide 2016/17 – Vietnam Chapter

Tu Ngoc Trinh, Hien Thi Thu Vu

Presented in a Q&A format, the PLC Life Sciences Multi-jurisdictional Guide  provides a comprehensive overview of life sciences laws and regulations in jurisdictions around the...

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May 13, 2016

Thailand’s Security Business Act 2016: Are You Good Men and True?

In Shakespeare’s comedy, Much Ado About Nothing, head watchman and malapropist Dogberry instructs his men that falling asleep on duty is perfectly fine and that they should avoid touching...

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April 20, 2016

Lex Mundi Guide: ASEAN Regulations for Cross-Border Security Offerings

Kobkit Thienpreecha, Vinh Quoc Nguyen

The ASEAN Regulations for Cross-Border Security Offerings guide, published by Lex Mundi, provides an overview of the regulations applicable to cross-border offerings of securities within ASEAN...

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April 11, 2016

PLC Doing Business In … Multi-Jurisdictional Guide 2016 – Thailand Chapter

Darani Vachanavuttivong, Sriwan Puapondh, Kitti Thaisomboon, Michael Ramirez, David Beckstead, Napat Siri-armart

Doing Business, a Q&A-style guide published by Practical Law Company in association with Lex Mundi, presents an overview of key recent developments affecting doing business in 41...

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