THANATHIP & PARTNERS

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Finance

We have in-depth knowledge and extensive experiences in Thai banking regulations and, together with our M&A and capital markets specialists, are very well placed to advise advise and assist our clients in typical and complexed banking and financing transactions, restructuring and insolvency (R&I), M&A, and banking regulations and compliance including those concerning fintech, payment and personal data protection.

Financing, M&A and Banking Regulations
We offer both transactional and regulatory advice and services to not only international and domestic lenders, non-bank financial institutions, and fintech companies but also investment banks, corporate and PE clients in connection with their investment in commercial banks, non-bank and fintech companies. Our wealth of experience in managing cross-border transactions and complex financings, M&A and in banking regulations and compliance enables us to assist our clients with integrated advice on a broad spectrum of innovative financing products as well as the more traditional ones with our first-class services and practical solutions.

Fintech and Payment
As IT and technologies have become a significant part of banking and financial service industry, we are very well placed to provide our clients with our comprehensive regulatory guidance to not only start-up tech companies but also leading global players. We have worked closely and regularly with leading international law firms and their clients in a broad range of digital and payment related matters, including E-payment, E-wallet, E-marketplace, payment gateway, P2P payment networks, lending arrangements, cryptocurrencies and digital asset trading platforms. Given the considerably sophisticated and complex nature of application of these new technologies which vary from one jurisdiction to the others, we are prepared to guide our clients through this very challenging frontier in finding practical solutions in light of the developing regulatory framework.

Restructuring and Insolvency
With our insight experience from not only creditors’ but also debtors’ and investors’ perspectives, we are well placed to assist our clients in every aspect of the restructuring process (both in and out of court restructuring and workouts) with a view to preserving value, finding creative solutions and providing practical guidance to legal difficulties in the rescue process for both creditors and debtors whilst ensuring that new investors are fully protected with proper documentations and proper process before new money can be injected into a distressed company.

Our lawyers have acted for several restructuring transactions, including the following:

  • Advising Seacon Development on its acquisition of the entire interest in Wattanawana (during its business rehabilitation proceedings) which owns and operates Future Park Bangkae

  • Advising Inter Far East Engineering (IFEC)’s group on the acquisition of the entire interest in Dhara Dhevi Hotel Chiang Mai Group and its purchase of Dhara Dhevi’s debts under the rehabilitation plan from the Export-Import Bank of Thailand

  • Advising TSFC Securities on its initial stage of the proposed debt restructuring

  • Advising Christiani & Nielsen on its business reorganisation and on the whole process of plan preparation and its implementation

  • Advising PricewaterhouseCoopers as the planner in the business reorganisation of Alphatec Electronics under the Bankruptcy Act, the first business reorganisation case in Thailand

  • Advising Prasit Patana Group, the owner of the Phayathai Hospital I, II and III in the business reorganisation of the group companies

  • Advising PricewaterhouseCoopers as the plan administrator of Alphatec Electronics on the proposed amendments to the business reorganisation plan

  • Advising Maxwin Builders, the owner of the Amari Atrium Hotel on a THB 2 billion restructuring

  • Advising Standard Chartered Nakornthon Bank as a creditor on the business reorganisation of Thonburi Automotive Assembly Plant

  • Advising Dulwich International in its business reorganisation under the Bankruptcy Act

  • Advising Raimon Land in its business reorganisation under the Bankruptcy Act

  • Advising Thainox Steel as a trade creditor in the business reorganisation of Thai German Product

  • Assisting Business Reorganisation Office of the Legal Execution Department, Ministry of Justice in a production a legal handbook on business reorganization procedures

  • Advising syndicated lenders in the restructuring of T.C.J. Motor

  • Advising a group of creditors led by Bangkok Bank on the restructuring process of Bangkok Rubber

  • Advising on a number of bilateral debt restructurings for domestic and international banks including Standard Chartered Bank and Standard Chartered Nakornthon Bank

  • Advising trade creditor of Thai Oil in the company’s business reorganisation

  • Advising a number of the offshore creditors on the sale and purchase of their interest under the business reorganisation plan of Thai Petrochemical Industry

  • Advising Thai and foreign lenders on the debt restructuring of TT&T