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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 both lenders and borrowers in a number of syndicated and bilateral loan transactions, including the following:
- Advising Kasikornbank and JMT Network Services as syndicated lenders in Baht 20,000,000,000 loan facility to JK Asset Management for the purchase of non-performing loans
- Advising (in conjunction with a leading international law firm as the lead counsel) Linden Capital Partners as sponsor in US$ 200,000,000 syndicated financing for the acquisition of LifeStyles Healthcare, a global sexual health and wellness platform
- Advising BCEGT Thai International in relation to, certain commercial contracts and relevant financing and security arrangements
- Advising a reputable businessman in connection with his financing of Baht 350 million to a hotel operator with mortgage of various lands and buildings for the purposes of its renovation and working capital
- Advising UBS AG, London Branch in connection with its financing to a CP group company to finance part of its acquisition of Tesco Lotus
- Advising (in conjunction with Skadden, Arps, Slate, Meagher & Flom LLP as the lead counsel) Joyson KSS Auto Safety S.A. and certain of its subsidiaries in connection with its entry into a US$900,000,000 senior multicurrency term and revolving facility agreement with (i) Deutsche Bank AG, Tokyo Branch, (ii) Mizuho Bank, and (iii) China Merchants Bank. The funds will primarily be used for financing the global acquisition by Key Safety Systems Group of businesses and assets of Takata Corporation Group
- Advising NS Bluescope (Thailand), a leading international supplier of steel products, in connection with its obtaining of (i) Baht 1,300 million term loan facilities from Bank of Ayudhya, and (ii) Baht 1,200 million term loan facilities from Mizuho Bank, Bangkok Branch
- Advising Richee Holding Alliance (the owner of Pullman Bangkok Hotel G) and a subsidiary of Pioneer Hospitality Siam GBR (the owner of Pullman Pattaya Hotel G) on Baht 1,500 million term loan facility from United Overseas Bank (Thai)
- Advising AIF Toll Road Holdings (Thailand), a subsidiary of Metro Pacific Tollways Corporation, the largest toll road operator in the Philippines, and a holder of 29.45% interest in Don Muang Tollway, a constructor and operator of certain tollways in Thailand, in respect of a refinancing of the existing term loan with Thanachart Bank with Baht 1,700,000,000 Term Loan Facility Agreement from Mizuho Bank, Bangkok Branch and Sumitomo Mitsui Banking Corporation, Bangkok Branch
- Advising Pace Development in connection with the senior secured debt financing granted by Apollo and Goldman Sachs to two of its subsidiaries for the development and completion of the MahaNakhon Tower, the potentially tallest observation deck and rooftop bar in Thailand, and an adjacent retail building, as well as a partial repayment of the secured loans to the bank lenders
- Advising CE Lime (Thailand) in respect of a financing of Baht 1,020,000,000 Term Loan Facilities from TMB Bank for the acquisition of 52.13% interest in Golden Lime(a leading manufacturer and distributor of lime and calcium carbonate)
- Advising AIF Toll Road Holdings (Thailand), a subsidiary of Metro Pacific Investments Corporation, the leading infrastructure investment firm in the Philippines, and a holder of 29.45% interest in Don Muang Tollway, a constructor and operator of certain tollways in Thailand, in respect of a financing of Baht 2,100,000,000 Term Loan from Thanachart Bank
- Advising Maxwin Builders (the owner of the Amari Atrium Hotel) on Baht 1 billion Term Loan Facility from Bangkok Bank
- Advising Globex Corporation on the term loan facilities obtained from Bangkok Bank for the acquisition of the majority interest in Christiani & Nielsen in an aggregate principal amount of Baht 2,005,800,000
- Advising MBK on US$12,000,000 Revolving Working Capital Facility from The Bank of Nova Scotia
- Advising BlueScope Steel (Thailand) on Baht 2,500,000,000 term loan facilities from The Hongkong and Shanghai Banking Corporation, Bangkok Bank, The Bank of Tokyo Mitsubishi UFJ, Bangkok Branch
- Advising GFPT Nichirei (Thailand) on Baht 1,170,000,000 credit facilities from Mizuho Corporate Bank, The Bank of Tokyo Mitsubishi UFJ, Bangkok Branch, Sumitomo Mitsui Banking Corporation, Bangkok Branch and TMB Bank
- Advising Standard Bank as arranger in relation to US$ 100,000,000 term loan facility to Siam Capital Developments (Hong Kong)
- Advising Taiwan Cooperative Bank in relation to the pledge of listed shares as security for US$ 100,000,000 term loan facility to Richpoint
- Advising Standard Chartered Bank (Thai) on Baht 500,000,000 term loan facility to Oriental Copper
- Advising TMB Bank on Baht 1,112,164,753.17 term loan facility to Bangkok Ranch
- Advising Standard Bank as arranger in relation to US$ 123,000,000 Term Loan Facility Agreement to Siam Rail Transport and Infrastructure
- Advising Seacon Development on Baht 1,200 million loan facility from Bangkok Bank and Thanachart
- Advising Boonkongchuen Land on Baht 213 million loan facility for the construction cost of the Rest Detail Hotel in Hua Hin from Thanachart Bank
- Advising Standard Chartered Bank (Thai) on Baht 2,800 million loan facility to Grace Ivory
- Advising TMB Bank on US$50,000,000 term loan facility for Macquarie Bank
- Advising Standard Chartered Bank (Thai) on Baht 110 million credit facilities to Penn Asia
- Advising Standard Chartered Bank (Thai) on Baht 750 million credit facilities to Nobel NC