Property

Featured Publication: Overview of Real Estate in Vietnam
Contacts
T: +84 24 3772 5633
T: +66 2056 5559

T: +856 21 262 355
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.

Datesort icon Title
December 19, 2019

Tilleke & Gibbins Named Vietnam Firm of the Year in Asia Women in Business Law Awards 2019

On December 18, Euromoney Legal Media Group released the results of the Asia Women in Business Law Awards 2019, naming Tilleke & Gibbins as Vietnam Firm of the Year for...

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December 11, 2019

Tilleke & Gibbins Stands Out in Chambers Asia Pacific 2020 Rankings

Chambers and Partners, one of the world's leading law firm rankings agencies, has released the 2020 edition of its guide to the best law firms in the Asia-Pacific region. Tilleke & Gibbins is...

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October 1, 2019

Tilleke & Gibbins Nominated for Seven 2019 Asia Women in Business Law Awards

Tilleke & Gibbins has been nominated for awards in seven categories in the Euromoney Legal Media Group Asia Women in Business Law Awards 2019. The awards, which are organized each year to...

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September 17, 2019

Asialaw Profiles 2020: Tilleke & Gibbins Garners Top Rankings in Thailand

Tilleke & Gibbins has further cemented its top position in Thailand in Asialaw Profiles 2020 , a highly regarded survey of Asia-Pacific’s leading regional and domestic law firms...

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September 17, 2019

Asialaw Profiles 2020: Tilleke & Gibbins Maintains Its Leading Firm Status in Vietnam

Tilleke & Gibbins was again recognized as among the best firms in Vietnam in Asialaw Profiles 2020 , a highly regarded survey of Asia-Pacific’s leading regional and domestic law...

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October 15, 2020

Laos Opens Real Estate Investment Opportunities to Foreigners

Dino Santaniello, Saithong Rattana

On August 12, 2020, the amended Law on Land No. 70/NA, dated June 21, 2019 was published in the Official Gazette  of the Lao Ministry of Justice, replacing the...

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September 1, 2020

Thailand Issues Additional Payment Extensions and Assurances Regarding 2020 Land and Building Tax

Chaiwat Keratisuthisathorn

Several Thai government agencies have acted in concert to provide many taxpayers with an additional extension to the deadline for paying the 2020 land and building tax (LBT), and to clarify...

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June 25, 2020

Practical Law: Agricultural Law in Thailand 2020

Chaiwat Keratisuthisathorn, Chanchai Jhongsathit, Michael Ramirez, Salil Siriwat, Siradapat Ratanakorn, Varapa Aurat

Practical Law has published an updated online version of Agricultural Law in Thailand, a Q&A-style guide that provides detailed overviews of the law affecting...

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June 15, 2020

COVID-19 Considerations for Commercial Tenants

Eric M. Meyer, Jamorn Pornponwat

As the Thai government begins to gradually lift the restrictions that were implemented to minimize the health risks of the COVID-19 pandemic, the unprecedented economic impact of the disease...

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June 15, 2020

Thailand Provides Detailed Criteria for Land Use Classification for Tax Purposes

Chaiwat Keratisuthisathorn, Chanchai Jhongsathit

Two new notifications pertaining to the Land and Building Tax Act B.E. 2562 (2019) were published in the Government Gazette on May 29, 2020, detailing the criteria for classifying property...

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