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Skyscraper city scape with green space

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

TMB Bank Public Company Limited

TMB Bank Public Company Limited

TMB Bank Public Company Limited on the sale of 65% of its asset management unit, TMB Asset Management, to Eastspring Investments, the Asian asset management business of Prudential. As part of a pre-defined mechanism, Eastspring has an option to increase its ownership to 100% in the future. The agreement also included a distribution agreement with TMB to provide investment solutions to its customers
Central Pattana Public Company Limited

Central Pattana Public Company Limited

Central Pattana Public Company Limited (CPN) on its THB10.16bn acquisition of 50.06% of shares in Grand Canal Land Public Company Limited (GLAND) from existing shareholders, and the subsequent tender offer of all remaining shares of GLAND.
TPBI International Company Limited

TPBI International Company Limited

TPBI International Company Limited, a wholly-owned subsidiary of TPBI Public Company Limited, on its acquisition of 100% of the shares in UK group companies Intelipac Limited and Intelipac Manufacturing Co., Ltd. − both of which are intelligent flexible packaging manufacturers.
Mitr Phol Sugar Corporation Limited

Mitr Phol Sugar Corporation Limited

Mitr Phol Sugar Corporation Limited on its acquisition of a 50% interest in the issued share capital of Far East Asia Pte. Ltd. from Olam International Limited for a consideration of USD100m and the entry into related 50:50 joint venture arrangements between Mitr Phol and Olam.
MUFG Bank Ltd.

MUFG Bank Ltd.

MUFG Bank Ltd., on its ground breaking voluntary tender offer for Bank of Ayudhya. This was the largest ever acquisition by a Japanese bank in Asia, with a deal value of USD6bn. This cross-jurisdictional deal saw MUFG become the first Japanese banking group to control a major Southeast Asian bank. Our team advised on all contractual and regulatory aspects of the deal, as well as on post-integration matters.
Thai Union Group Public Company Limited

Thai Union Group Public Company Limited

Thai Union Group Public Company Limited on its acquisition of 25% of American casual dining restaurant Red Lobster – an investment valued at more than USD575m. Red Lobster is the operator of the world’s largest casual dining seafood restaurants. Our Bangkok office provided Thai legal and regulatory advice to Thai Union and transaction support for this milestone outbound transaction. This was one of the largest outbound M&A deals involving a Thai company in 2016.
Osotspa Public Company Limited

Osotspa Public Company Limited

Acted as Thai and international counsel to the underwriters in relation to the USD463m initial public offering of shares on the Stock Exchange of Thailand by Osotspa Public Company Limited − a consumer products company that manufactures a number of prominent beverages and personal care products in Thailand. The listing comprised a public offering of shares in Thailand and a concurrent private placement outside Thailand pursuant to Reg. S under the U.S. Securities Act.
TOA Paint (Thailand) Public Company Limited

TOA Paint (Thailand) Public Company Limited

Acted as Thai and international counsel to the underwriters in relation to the USD368m initial public offering on the Stock Exchange of Thailand by TOA Paint (Thailand) Public Company Limited and the concurrent sale of shares in the issuer by the selling shareholder in the IPO. The listing comprised a public offering of shares in Thailand and a concurrent private placement outside Thailand pursuant to Reg. S under the U.S. Securities Act.
Nam Theun 1 cross-border hydropower project

Nam Theun 1 cross-border hydropower project

Phonesack Group, the Electricity Generating Public Company Limited and EDL-Generation Public Company, as sponsors, on their USD750m development and financing of the 600MW Nam Theun 1 cross-border hydropower project in Laos. Electricity generated from this project will be exported to EGAT in Thailand. This is the first cross-border project with a Lao company as the majority shareholder, as opposed to the transaction being led by international sponsors.
Buriram Sugar Group Power Plant Infrastructure Fund

Buriram Sugar Group Power Plant Infrastructure Fund

BBL Asset Management Company Limited, as fund manager, on the establishment of the THB 3.61bn Buriram Sugar Group Power Plant Infrastructure Fund. This was the first infrastructure fund to be listed on the Stock Exchange of Thailand that utilises biomass power plants as its underlying assets.
Bank of Ayudhya Public Company Limited and MUFG Bank Ltd.

Bank of Ayudhya Public Company Limited and MUFG Bank Ltd.

Bank of Ayudhya Public Company Limited., as investor, account bank and swap provider, and MUFG Bank Ltd., as transaction administrator, on a THB16bn securitisation of auto hire-purchase receivables by Toyota Leasing (Thailand) Company Limited.
PTT Exploration and Production Public Company Limited (PTTEP)

PTT Exploration and Production Public Company Limited (PTTEP)

Bank of America Merrill Lynch, BNP Paribas and Citigroup on a USD855m landmark liability management transaction by PTT Exploration and Production Public Company Limited (PTTEP). The transaction allows PTTEP to take advantage of new regulations in Thailand to deliver significant tax benefits. It was the first transactions of its kind in Thailand, paving the way for similar deals in the future.

THB-denominated bonds by the Government of the Lao People's Democratic Republic

THB-denominated bonds by the Government of the Lao People's Democratic Republic

Twin Pine Group, the advisor, and Bangkok Bank Public Company Limited, Siam Commercial Bank Public Company Limited and Thanachart Bank Public Company Limited, as lead arrangers and book runners, on the issuance of THB-denominated bonds to the value of THB14bn by the Government of the Lao People's Democratic Republic. ‘Best Bond: Ministry of Finance, Lao People's Democratic Republic's THB 14bn multi-tranche bond’ at The Asset Triple A Country Awards 2017.

Our offices

Bangkok

News & insights

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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News: 25 SEPTEMBER 2019

Allen & Overy advises Bank of Ayudhya on the first private-sector women entrepreneurs’ bond issuance in Asia-Pacific

Allen & Overy has advised Bank of Ayudhya Public Company Limited (BAY), Thailand’s leading bank in retail and SME banking as English and Thai law legal counsel on the launch of its USD-denominated Women Entrepreneurs Bonds.

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Publications: 17 APRIL 2019

Analysing the impact of the AIFM Directive

The Alternative Investment Fund Managers Directive (AIFMD) will have a major impact on the asset management sector as it regulates alternative investment fund managers who market or manage funds in Europe targeted at professional investors. With the rapid growth in alternative investment funds focussed on a wider range of asset classes the AIFMD heralds increased regulatory scrutiny on the sector.

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Publications: 18 OCTOBER 2018

Thai Competition Law – One year on

The preparation, advocacy and enforcement of the Thai Trade Competition Act B.E.  2560 (2017) (the Act) has been in full swing in the past year since it came into force on 5 October 2017. The first enforcement case has also been reported (see below). By way of update, we set out below the most notable developments:

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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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