With our insight from creditors’, debtors’, and investors’ perspectives, we assist clients in every aspect of the restructuring process. Whether it involves in-court or out-of-court restructuring and workouts, we focus on preserving value, finding creative solutions and providing practical guidance through the legal challenges of the rescue process. We work to protect both creditors and debtors whilst ensuring new investors are fully protected with proper documentation and processes before new capital is injected into a distressed company.
Since Alphatec, Thailand’s first-ever business reorganisation case in 1998, our lawyers have assisted a number of clients in their restructuring and investments in distressed companies across several sectors. These sectors include finance, securities, healthcare, manufacturing, automotive, property, construction, hospitality, retails and service industries. Our team has been involved in several landmark business reorganisations and investments with high-profile clients, 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 a crucial role in creating the legal handbook on business reorganisation procedures for the Business Reorganisation Office of the Legal Execution Department, the Ministry of Justice of Thailand.
Notable transactions include:
- Advised a company within the Inter Far East Engineering (IFEC) 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
- Advised TSFC Securities on its proposed debt restructuring
- Advised Standard Bank on its subscription of THB 11.6 billion convertible bonds issued by BTS Group as part of its restructuring under a court-approved business reorganisation plan
- Advised Standard Bank in connection with a Term Loan Facility Agreement 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 (BTS), a Bangkok sky train operator, in compliance with BTS’ business reorganisation plan
- Advised Seacon Development on its acquisition of the entire interest in Wattanawana, during its business rehabilitation proceedings, which owns and operates Future Park Bangkae
