Magic Circle firm Allen & Overy has advised Bangkok Bank, Bank of Ayudhya and Standard Chartered on the Kingdom of Thailand’s 30-billion-baht ($965 million) dual-tranche sustainability bond issuance.
With traditional ways of working turned upside down by the global coronavirus pandemic, and meetings largely being moved online, Thailand’s government has issued an emergency decree outlining electronic meeting regulations. While the response so far has been positive, there are a few areas where businesses are awaiting further clarity.
Jessada Sawatdipong, joint managing partner of Thailand’s Chandler MHM, talks about running a firm with lawyers and staff from diverse backgrounds and cultures, keeping up with the expectations of clients, and why it’s important to be an employer of choice.
Benjamin Hirasawa, a former head of the Asia-Pacific hospitality practice at Clyde & Co., has launched a boutique firm with offices in Singapore and Bangkok.
White & Case has advised Thailand’s Bangkok Bank on its $2.3 billion acquisition of an 89 percent stake in Indonesia’s PT Bank Permata from Standard Chartered Bank and PT Astra International.
In May 2019, Thailand’s Personal Data Protection Act (PDPA) officially became law. Echoing General Data Protection Regulation (GDPR) somewhat, the PDPA regulates personal data collection, storage and dissemination. But while further regulatory developments are required to ensure the law can be fully implemented, businesses should be seeking out legal help to ensure they are compliant now — and not dragging their heels — say lawyers.
Anglo-American firm DLA Piper has strengthened its Bangkok office with the hire of Waranon Vanichprapa and Samata Masagee as partners from Baker McKenzie and Weerawong, Chinnavat & Partners, respectively.
Linklaters has advised Charoen Pokphand Group on its purchase of British retailer Tesco’s businesses in Thailand and Malaysia for $10.6 billion. Tesco was counselled by Freshfields Bruckhaus Deringer and Allen & Overy.
Shearman & Sterling and Bangkok-based The Capital Law Office have advised Thailand’s Central Retail Corporation (CRC) on its 78.1 billion baht ($2.6 billion) initial public offering, with Allen & Overy advising the joint managers.
Last year, Thailand made headlines after becoming the first Southeast Asian country to legalise cannabis for medical use and research. And more recently, after amending the 1979 Narcotics Act, the newly elected Thai government declared that developing a medical cannabis industry was a top policy objective.
Backed by a strong baht and loaded with cash, Thai companies have ramped up acquisitions overseas, with neighbouring countries in the ASEAN region offering some of the most attractive targets. And while developing economies such as Vietnam, Myanmar and Cambodia offer exciting opportunities, those come with challenges as well, lawyers say.