Property

Featured Publication: Overview of Real Estate in Vietnam
Contacts
T: +84 8 3936 2069
T: +66 2056 5559

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

Tilleke & Gibbins provides efficient, cost-effective, business-oriented representation on property transactions. We work with domestic and multinational companies to develop tailored solutions for regional investment and global growth.

Our integrated approach, combining issues of banking and finance, commercial transactions (especially, joint ventures), insurance, regulatory affairs, tax, and, when necessary, dispute resolution and litigation, has earned us the trust of sophisticated investors and developers throughout Southeast Asia. As seasoned practitioners, we specialize in solutions that synthesize relevant business issues and our clients’ goals.

Profitable real estate opportunities can be fleeting in the forward-moving economies of Southeast Asia. We help our clients in all industries, from manufacturing to hospitality, recognize and capitalize on these opportunities.

Among our recent matters, we have:

  • Advised a major Japanese construction company in a USD 140,000,000 mixed-use office, condominium and serviced apartment project in Hanoi, including all licensing matters, land title issues, zoning variances, land subdivision, joint venture negotiations, corporate governance, and property management regulations.

  • Advised a key client on its various property joint venture projects with a major property group, including financing agreements, project joint venture agreements, and legal and tax structuring of specific condominium projects.

  • Represented one of the world’s most recognizable fashion and luxury goods retailers in several commercial real estate disputes in Thailand arising from the disputed termination of a 30-year franchisee relationship. This representation includes negotiation and settlement of lease hold and commercial franchisee contracts with both the outgoing franchisee and the incoming franchisee partner, one of Southeast Asia’s largest and most successful commercial retailers.

  • Helped a major U.S. hospitality chain to structure, draft, and negotiate management contracts and conduct due diligence for six hotel, resort, and condominium projects in compliance with Vietnamese law, including  land title, zoning issues, complex brand licensing, and various taxation issues.

  • Acted as counsel to the developer of various condominium projects in Pattaya. Our involvement covered all aspects of the condominium project, including legal structuring of investor groups, financing, land acquisition, and contracts.

  • Represented a client as a joint defendant in a civil lawsuit filed by the owner of adjacent land. The land owner petitioned the court to register a right-of-way across our client’s land to a public road. The trial court rendered judgment in favor of our client and dismissed the land owner’s complaint.

  • Advised on a mixed development of an entire island, including land acquisition, development and construction permits, joint venture agreements, financing, customer and supplier contracts, and the legal and tax structure.

  • Assisted an international investor with all legal aspects of a land deal, including corporate structure, contract negotiation, and transfer of property. The investor secured ownership of over 20 individual plots of prime beachfront property, which allowed for the eventual establishment of a high-end resort project valued at over THB 1,500,000,000.

  • Restructured the complete set of home loan documents for a global financial institution. The documentation set includes the facility agreement, mortgage agreement, and tripartite agreements between the bank, borrowers, and real estate developers.

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Name Positionsort icon Office

Chaiwat Keratisuthisathorn

T:+66 2056 5507

E-mail

Associate
Bangkok

Kornkieat Chunhakasikarn

T:+66 2056 5804

E-mail

Associate
Bangkok

Penrurk Phetmani

T:+66 2056 5509

E-mail

Associate
Bangkok

Pornchai Srisawang

T:+66 2056 5543

E-mail

Associate
Bangkok

Vinh Quoc Nguyen

T:+84 8 3936 2061

E-mail

Associate
Ho Chi Minh City

Noppadon Treepetchara

T:+66 2056 5791

E-mail

Associate
Bangkok

Kitti Thaisomboon

T:+66 2056 5539

E-mail

Associate
Bangkok

Theerapat Sombatsatapornkul

T:+66 2056 5950

E-mail

Associate
Bangkok

Ittirote Klinboon

T:+66 2056 5798

E-mail

Associate
Bangkok

Surapong Damrongtrakoolsak

T:+66 2056 5811

E-mail

Associate
Bangkok
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Date Titlesort icon
June 9, 2015

ALB Diversity List 2015: Tilleke & Gibbins Counted Among Top Firms

Tiziana Sucharitkul, Darani Vachanavuttivong

Tilleke & Gibbins has been included in the first edition of the Diversity List, a list compiled by Asian Legal Business—forming part of the magazine’s “Women in Law” feature—that...

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March 16, 2015

ALB Power List 2015: Tilleke & Gibbins Ranked Among Top Law Firms in Asia

Placing our firm at the pinnacle of Asia’s legal market, Asian Legal Business  has ranked Tilleke & Gibbins among the top ten “domestic” law firms in Asia in the inaugural...

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April 28, 2016

ALB SEA Law Awards 2016: Tilleke & Gibbins Nominated in Three Firm of the Year Categories

Darani Vachanavuttivong, Tiziana Sucharitkul, Thomas J. Treutler

The nominees of Asian Legal Business’s Southeast Asia Law Awards 2016 have been announced, and Tilleke & Gibbins has secured nominations in three categories, as follows:

April 12, 2017

ALB Southeast Asia Law Awards 2017: Tilleke & Gibbins Earns Nominations in Four Categories

Tilleke & Gibbins has been nominated for two national categories and two regional categories in the Asian Legal Business  Southeast Asia Law Awards 2017. This year’s winners will...

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December 11, 2013

Asialaw Profiles 2014: Tilleke & Gibbins Ranked as a Highly Recommended Firm in Thailand

Darani Vachanavuttivong, Sriwan Puapondh, Jeffrey J. Blatt, Piyanuj (Lui) Ratprasatporn, Cynthia M. Pornavalai, Thawat Damsa-ard

Tilleke & Gibbins is a leading law firm in Thailand according to the latest rankings published by Asialaw Profiles 2014. Our firm was described as “highly recommended” in seven...

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Date Titlesort icon
September 12, 2008

A New Tool for Real Estate Buyers

Chitchai Punsan, Ittirote Klinboon, Tiziana Sucharitkul

Thailand’s property market is still on the rise and highly competitive. Advertisements for new real estate developments are everywhere, and with them are promises of freebies. While some projects...

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November 30, 2010

An Overview of Foreign Land Acquisition in Vietnam

Michael K. Lee, Vinh Quoc Nguyen

According to official doctrine, land in Vietnam belongs to the people, while the use of such land is administered on the people’s behalf by the State. Thus, “land ownership” is more appropriately...

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April 16, 2009

Bangkok Report – The Songkran (Thai New Year) Skirmish of 2009

David Lyman

This open letter from David Lyman to the clients of Tilleke & Gibbins addresses the events that unfolded in April 2009, when political demonstrations—sometimes violent—took place in Bangkok...

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June 16, 2011

Bank Financing for Real Estate Businesses in Vietnam

Vinh Quoc Nguyen

Financing in the real estate sector ranges from borrowing money from a bank or shareholders of the real estate entity to issuing bonds to the public. In Vietnam, real estate developers may even...

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May 31, 2013

Buying a House in a Land Development Project: Look Before You Leap

Alongkorn Tongmee

Recently, consumer interest in purchasing residential homes in Thailand has skyrocketed. In response to this, developers have launched numerous residential development projects catering to both...

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