THANATHIP & PARTNERS

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Other Capabilities

As part of our main practice areas, we have assisted clients in various cross border transactions including Chinese and Japanese deals, and in various aspects of transactions ranging from bidding and auction sale, IPO and international offerings and listings, private equity and asset and investment management, privatisation and government relations and restructuring and insolvency (R&I). We also actively advise clients on a variety of regulatory frameworks including data protection, merger control and fintech and electronic payment as well as those relating to tech and startup companies.

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.

From Alphatec, the first ever business reorganisation case in Thailand in 1998, our lawyers have assisted clients in their restructuring or investment in distressed companies in several sectors, including finance, securities, healthcare, manufacturing, automotive, property and construction, hospitality and service industries, including a number of landmark and high profile business reorganisations and investment such as Phayathai Hospital Group, Raimon Land Group, Christiani & Nielsen, Nakornthai Strip Mill, Thai Oil, Future Park Bangkae and Dhara Dhevi. In addition, our lawyers played an important role in producing a legal handbook on business reorganisation procedures for the Business Reorganisation Office of the Legal Execution Department, the Ministry of Justice.

Notable transactions include:

  • 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 Limited on its initial stage of the proposed debt restructuring

  • Subscription by Standard Bank of Baht 11,643,000,000 Convertible Bonds issued by BTS Group as part of its restructuring under the court approved business reorganisation plan

  • Advising Standard Bank in connection with a term loan facility to Siam Rail Transport and Infrastructure to partly fund the borrower’s purchase of the Zero Coupon Unsecured and Unsubordinated Convertible Bonds due 2010 issued by Bangkok Mass Transit System Public Company Limited (“BTS”), a Bangkok sky train operator, in compliance with BTS’ business reorganisation plan.

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