Banking and Finance

Featured Publication: Securities and Banking Regulations
Contacts
T: +66 2056 5559
T: +66 2056 5995
T: +66 2056 5534
T: +84 28 628 45668
T: +66 2056 5559

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

Tilleke & Gibbins helps clients achieve the goals of accessing and lending capital in Southeast Asia. Through long-term relationships with domestic and international businesses, financial institutions, investors, and governmental entities, we consistently deliver insight and results. 

We represent high-growth businesses seeking to generate capital by listing securities on regional stock exchanges and by securing financing. We collaborate with our commercial transactions and M&A team to help multinational corporations invest in Southeast Asia and regional companies invest abroad, by assisting with the financial aspects of foreign direct investment and mergers and acquisitions.

We represent major local and foreign banks, securities brokers and dealers, investment firms, and other financial institutions on licensing and establishment and ongoing regulatory compliance.  Our banking and finance specialists also advise on all types of financial instruments (including loans, securities, mutual funds, property funds, bonds, and derivatives), financial workouts and restructuring, and investment in regional assets and capital markets. We partner with experts in our tax group to deliver integrated legal advice. 

Read about some of our recent representative work below. Tilleke & Gibbins has:

  • Advised a consortium of financial institutions on telecommunications laws in connection with their bids to provide credit facilities (totaling THB 15.85 billion) to a major telecommunications operator for the expansion of a 3G mobile network and infrastructure.

  • Served as local counsel to a Chinese bank in a USD 60,000,000 loan transaction to finance a portion of an expressway project. We also advised the bank with respect to a USD 6,500,000 loan transaction to finance an automotive assembly company.

  • Facilitated client growth and increased capital for business operations by converting the client’s business from a private to a public company and listing its securities on the Market for Alternative Investment (MAI) stock exchange.

  • Selected from several candidate law firms to assist a reputable Thai manufacturer in the IPO process, including preparation, conversion to public company, SEC filing, and SET listing. Several years after the IPO, the company has greatly prospered such that the owner has become one of the ten richest persons in Thailand. We are proud to continue representing this client.

  • Secured a license for our client to operate as a dealer of derivatives and related securities with the Thai SEC and obtained other necessary licenses and permits for our client to operate in Thailand.

  • Advised a multinational financial institution on documents required from a Thai company as security for financing of over GBP 28,000,000 for a major construction project. We acted as Thai legal advisers when our client lent an initial GBP 23,500,000 in a refinancing of facilities. We provided legal opinions on the transaction from a Thai law perspective and, subsequently, on amendments and restatements of the facilities agreement.

  • Represented two major Japanese banks in preparing security documents for a syndicated loan financing valued at approximately USD 190 million.

  • Represented a private equity fund controlled by a subsidiary of one of Asia’s largest banking and finance groups. A Share Subscription and Investment Agreement, an Undertaking Agreement, and a Disclosure Letter were prepared for investment into a major rubber company in Thailand.

  • Represented a leading export finance institution in structuring a substantial and complex loan to a company in Vietnam and in registering the loan with the State Bank of Vietnam.

  • Assisted the leading investment banking firm in Vietnam with obtaining an investment license for a landmark project in central Vietnam. This development involves complex sub-units and various financing structures.

  • Advised a North American banking institution on a host of Vietnamese banking regulations regarding investment accounts, electronic banking, check clearing and international payment services, ACH transactions, foreign exchange services, and other issues.

  • Advised a coalition of European banks regarding Vietnamese law on secured aircraft finance and provided annual updates on changes to same.

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March 9, 2020

Tilleke & Gibbins Becomes First Firm in Thailand to Sign Chambers Diversity & Inclusion Charter

Tilleke & Gibbins is proud to announce that the firm has become a signatory to the Chambers Diversity & Inclusion (D&I) Charter—a global agreement between leading law firms and in-...

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February 17, 2020

Tilleke & Gibbins Shortlisted in 10 Categories in the Legal 500 Southeast Asia Awards 2020

Tilleke & Gibbins has been nominated in 10 categories in the recently announced shortlist for the Legal 500 Southeast Asia Awards 2020. This is the inaugural year for the awards, which aim to...

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January 24, 2020

Chambers Asia-Pacific Awards 2020: Tilleke & Gibbins Shortlisted for Mekong Region Firm of the Year

Tilleke & Gibbins has earned a nomination to receive the distinguished Mekong Region Firm of the Year award at the upcoming Chambers Asia-Pacific Awards 2020. Notably, this announcement marks...

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January 23, 2020

Tilleke & Gibbins’ Thailand Office Ranked in 14 Practice Areas in Legal 500 Asia Pacific 2020

Tilleke & Gibbins’ full-service legal practice in Thailand had an impressive showing in the 2020 edition of The Legal 500 Asia Pacific , earning rankings in 14 of the 15 practice...

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January 23, 2020

Legal 500 Asia Pacific 2020: Tier 1 Rankings for IP, Labor, and TMT in Vietnam for Tilleke & Gibbins

In the latest edition of The Legal 500 Asia Pacific , Tilleke & Gibbins earned Tier 1 rankings in Vietnam in three key practice areas: Intellectual Property, Labor and...

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November 4, 2020

Thailand Prepares to Delist Additional Business Types Restricted by the Foreign Business Act

Chaiwat Keratisuthisathorn

On November 2, 2020, it was widely reported by Thai media that Thailand’s Department of Business Development (DBD) has drafted ministerial regulations that would remove telecommunications,...

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October 27, 2020

An Analysis of Cambodia's New Law on Anti-Money Laundering

Sochanmalisphoung Vannavuth, Jay Cohen

On 27 June 2020, Cambodia issued the new Law on Anti-Money Laundering and Combating the Financing of Terrorism ('the 2020 AML/CFT Law'), that abrogates both the 2007 law of...

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October 8, 2020

Bank of Thailand Introduces Digital Personal Loans

Teelada Rujirawanichtep, Charuwan Charoonchitsathian

On September 15, 2020, the Bank of Thailand (BOT) introduced a new type of personal loan—the digital personal loan—under BOT Circular Re: Rules, Procedures and Conditions for the Undertaking of...

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September 10, 2020

Thailand Prepares to Amend Laws on Anti-Money Laundering and Counter-Terrorism Financing

Kobkit Thienpreecha, Teelada Rujirawanichtep

By recommendation of the Financial Action Task Force (FATF), Thailand is preparing to amend the Anti-Money Laundering Act B.E. 2542 (1999) (AMLA) and the Counter Terrorism and...

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September 10, 2020

Cambodia’s New Law on Anti-Money Laundering

Jay Cohen

Cambodia’s new Anti-Money Laundering and Combating the Financing of Terrorism Law (the “2020 AML/CFT Law”) came into force in June 2020, abrogating the 2007 law of the same name and the...

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