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We act for major multinationals and large local corporate on all types of company registration, M&A, reorganization and liquidation work, and presently perform corporate secretarial work for over 300 Thai limited companies. The firm also handles registrations of branch offices of foreign corporations, representative offices, regional offices, applications for US Treaty protection, and conversions to public limited companies.
Leading legal directories consistently recognise us as a leading firm for Corporate/M&A work in Thailand. Chambers Asia 2011 says “This firm is an ‘excellent local point of reference when it comes to corporate and contractual matters’. It combines a ‘personal touch’ with internationally recognised levels of expertise.” The Asia Pacific Legal 500 2011 quotes our clients, who reported that “‘A safe pair of hands,’ the team at Chandler & Thong-ek‘always demonstrates the utmost respect and responsiveness’.”
The directories recognise Ratana Poonsombudlert and Prisna Sungwanna as Leading Individuals for Corporate/M&A work.
Our track record includes advising on:
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In 2000, the acquisition of 26% of Thaioil Power by PTTEP; and the proposed acquisition of Bangkok Polyethylene by National Petrochemical Corporation.
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In 2004, the acquisition of Kuwait Oil Retail Business (with more than one hundred oil service stations in Thailand) by PETRONAS, the Malaysian National Oil Corporation; the acquisition of shares in Invista (Thailand) Limited by Koch Fiber Equity BV, Arteva Specialties B.V. and Arteva Latin America B.V. respectively; and the acquisition of shares in IPT’s subsidiary by Honeywell.
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In 2006, the largest corporate merger of the two listed companies; i.e., National Petrochemical Plc and Thai Olefins Plc (becoming PTT Chemicals Plc); the second largest hard disc drive manufacturing company in its proposed merger with another manufacturing company; two elastomer manufacturing companies for their proposed merger; and Magnecomp Precision Technology (Thailand) Plc in its full merger with Magnecomp (Thailand) Co., Ltd.
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In 2007, PETRONAS in acquisition of certain capital interest in THAPPLINE from TMB Bank PLC; and Vinythai PLC in acquisition of APEX Chemicals.
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In 2008, Project Coventry (bidding for interest in Thai petroleum concessions in “overlapping area” between Thailand and Cambodia); Project Hawaii (acquisition of HDD business of Fiji Limited in Japan and in Thailand); Project Ocean (acquisition of Rio Tinto’s packaging business worldwide); and Project Horse (acquisition of UCB’s pharmaceutical business in emerging market countries by GSK, including two Thai subsidiaries).
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M&A transactions from the past twelve months include:
 Hutchinson Technology, in its establishment of its first assembly plant outside the United States with total capacity of 500,000 items of suspension assembly capacity per year with a total project cost of over US$100 million.
Kingsgate Consolidated/Akara Mining, in their major gold mine in Thailand and its expansion project with capacity of 185,200 ounces of gold and 1,080,400 ounces of silver per year.
Solvay, in several new petrochemical investment projects in Thailand, including its current joint venture project with Dow Chemicals to construct the crude hydrogen peroxide at Asian Industrial Estate with a capacity of 360,000Mt. This will be the largest crude hydrogen peroxide plant in the world.
Hitachi Global Storage on the acquisition of manufacturing assets from Saha Union Group.
We have represented both Thai and foreign parties in other major share and asset acquisitions and sales, and are familiar with all associated corporate, tax, licensing and government reporting steps involved.
We handle formalities in connection with employment of foreigners in Thailand, including work permits, visas, and related government approvals. We provide advice on Thai labor law and handles labor cases in the labor court. We published an English translation of the Labour Protection Act which came into force in August 1998, and the Foreign Business Operation Act which came into force in March 2000.
Contact person: Ratana Poonsombudlert
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