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Thailand

Allen & Overy in Thailand is well known for its in-depth knowledge and understanding of the Thai business and regulatory environment.

With more than 20 years’ experience in the market and a first-class team of international and Thai lawyers, we are one of very few international firms providing a ‘one-stop shop’ for domestic and cross-border offerings. This is why some of the world’s most prominent corporations choose A&O for their transactions in Thailand. Our team in Bangkok consistently receives the highest possible rankings from leading benchmarking publications such as Chambers Global and Legal 500.

Our Bangkok office is an integral part of our wider ASEAN network of six offices, where we offer local law capability in Singapore, Vietnam and Indonesia, in addition to Thailand. Beyond these office locations our Bangkok team has extensive experience in the emerging markets of Myanmar (with our office in Yangon), Laos and Cambodia, where we have been involved in numerous pioneering transactions over many years.

Our experience

Tesco plc

Tesco plc

Tesco plc on the sale of its entire interest in its business in Thailand to C.P. Retail Development, a company held by various CP Group entities, which includes a portfolio of nearly 2,000 stores nationwide in Thailand. The transaction represented the largest corporate acquisition ever in Thailand, and it was also the largest in the APAC region for calendar year 2020.
Engie Global Developments B.V. (an affiliate of Engie S.A.)

Engie Global Developments B.V. (an affiliate of Engie S.A.)

Engie Global Developments B.V. (an affiliate of Engie S.A.)on the disposal of its entire 69.1% interest in Glow Energy to Global Power Synergy. This EUR2.6bn deal represented Thailand’s largest completed M&A deal and Asia’s largest M&A deal in the power sector, both for the year 2018 and 2019. 'Power M&A Deal of the Year' at The Asset Triple A Infrastructure Awards 2020, and 'Best Cross-Border M&A Deal: Thailand' at The Asset Triple A Country Awards 2020.
TMB Bank Public Company Limited

TMB Bank Public Company Limited

TMB Bank Public Company Limited on its approximate USD5.5bn merger with Thanachart Bank Public Company Limited, and TMB’s related equity fundraising process through the issue of transferable subscription rights, which raised in excess of approximately USD1.2bn. The deal marked the largest bank merger in Thailand and positioned the merged entity as the sixth largest bank in the country by assets.
Thanachart Bank Public Company Limited

Thanachart Bank Public Company Limited

Thanachart Bank Public Company Limited on the sale of 50.1% of Thanachart Fund Management (TFUND) to Eastspring Investments, the Asian asset management business of Prudential plc, for a consideration value of THB4.2bn. Eastspring has an option to increase its ownership of TFUND to 100% in the future.
The underwriters

The underwriters

The underwriters on the THB48bn initial public offering and listing of Asset World Corp on the Stock Exchange of Thailand. The IPO comprised a public offering of shares in Thailand and a concurrent private placement outside Thailand pursuant to Rule 144A and Reg S under the U.S. Securities Act of 1933, as amended.
The financial advisors and lead underwriters

The financial advisors and lead underwriters

The financial advisors and lead underwriters on the THB39.55bn initial public offering and listing of SCG Packaging on the Stock Exchange of Thailand. The IPO comprised a public offering of shares in Thailand and a concurrent private placement outside Thailand pursuant to Rule 144A and Reg S under the U.S. Securities Act of 1933, as amended.
The lead underwriters

The lead underwriters

The lead underwriters on the THB81.1bn initial public offering and listing of Central Retail Corporation (CRC) on the Stock Exchange of Thailand. The transaction also involved the group restructuring of CRC, including the delisting tender offer for Robinson Public Company Limited, concurrent with the IPO process. This was the largest IPO in Thailand to date.
 
The underwriters

The underwriters

The underwriters on the THB8.4bn initial public offering and listing of Kerry Express (Thailand) on the Stock Exchange of Thailand. The IPO comprised a public offering of shares in Thailand and a concurrent offering outside Thailand pursuant to Regulation S under the U.S. Securities Act of 1933, as amended.
Indorama Ventures

Indorama Ventures

Indorama Ventures on the establishment of its debut local medium-term note programme, including the issuance of up to THB9bn debentures to institutional and high-net-worth investors in Thailand.
PTT Public Company Limited

PTT Public Company Limited

PTT Public Company Limitedon the establishment of its debut local and global medium-term note programmes and the first issuances thereunder, which includes the USD700m issuance of the first ever 50-year USD-denominated corporate bond in the APAC region.
The joint green structuring advisors and joint lead managers

The joint green structuring advisors and joint lead managers

The joint green structuring advisors and joint lead managers on the Kingdom of Thailand’s THB30bn dual-tranche sustainability bond issuance. The first THB10bn tranche will be used for liability management purposes and to refinance the capital expenditures of Bangkok’s electric Mass Rail Transit Orange Line (East) Project, while the second THB20bn tranche will be used to aid in resolving, remedying and restoring the economic and social impacts that have resulted in Thailand from the Covid-19 pandemic. 
The Ministry of Finance of the Lao People’s Democratic Republic

The Ministry of Finance of the Lao People’s Democratic Republic

The Ministry of Finance of the Lao People’s Democratic Republic on its international sovereign bond issuance to the value of USD150m pursuant to Rule 144A and Reg. S under the U.S. Securities Act with the bonds listed on the SGX-ST in Singapore

Our offices

Bangkok

News & insights

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Publications: 21 DECEMBER 2020

2020 – an unprecedented year for Thai competition law

2020 has been one of the most eventful and unprecedented years for competition law in Thailand. This year, four public hearings have taken place, three industry-specific regulations on unfair…

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Podcast #1: Insights for trustees in Asia-Pacific

Publications: 18 DECEMBER 2020

Podcast #4: Insights for Trustees in Asia Pacific - latest developments in the loan market

The fourth episode of Trust Us, a podcast hosted by Allen & Overy’s APAC Corporate Trust and Agency team.

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Publications: 22 APRIL 2020

Covid-19 coronavirus: new rules regarding electronic meetings of Thai companies

Typically, meetings of directors and/or shareholders of Thai companies take place physically, given legal restrictions which limited the practicality of convening such meetings electronically.

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Publications: 13 NOVEMBER 2019

ASEAN and South Asia Debt Capital Markets: 2019 and beyond

2020 expected to be a spotlight year for ASEAN and South Asia Debt Capital Markets 

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Recognition

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With more than 15 years’ experience in the market and a first-class team of international and Thai lawyers, we are one of very few international firms providing a ‘one-stop shop’ for domestic and cross-border offerings.

Media contact

Madhu Mirpuri
Madhu Mirpuri

Marketing and Communications Manager

APAC

Hong Kong

Hong Kong
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