Banking and finance in Thailand

Baker McKenzie LLP

The team at Baker McKenzie LLP is experienced in assisting its portfolio of clients, which consists of a broad range of local and international banks and public companies, amongst others, on the gamut of complex cases. Its workload features advising both borrowers and lenders on complex sustainable financing matters, and handling acquisition, asset, trade and project financing matters in domestic and cross-jurisdictional contexts. At the team’s helm are experienced practitioner Thinawat Bukhamana; structured finance, derivatives and fintech expert Komkrit Kietduriyakul; energy and infrastructure specialist Sawanee Sethsathira; and Viroj Piyawattanametha, whose expertise ranges from debt capital markets cases to advising on the financing aspects of M&A transactions. Chaveewan Likhitwattanachai is equipped to advise on complex transactions, while Benja Supannakul and Kullarat Phongsathaporn are financial services specialists. Digital assets and project financing form a significant portion of Kanokpan Poovaratanakul's practice and Somika Phagapasvivat is also a name to note. Wittaya Luengsukcharoen retired in July 2024.

Praxisleiter:

Thinawat Bukhamana; Komkrit Kietduriyakul; Sawanee Sethsathira; Viroj Piyawattanametha


Weitere Kernanwälte:

Tatcha Thumpramoth; Roypim Ransigutta; Chaveewan Likhitwattanachai; Somika Phagapasvivat; Kanokpan Poovaratanakul; Benja Supannakul; Kullarat Phongsathaporn


Referenzen

‘It’s not just the technical excellence – though that’s a given. It’s the mindset. They approach every mandate not with a playbook, but with curiosity and clarity. What’s really at stake here? What does the client actually need? That kind of intentional thinking runs deep through the practice, and it’s what makes the work feel genuinely tailored, not templated.‘

‚Clients notice the team’s ability to combine sharp legal instincts with a knack for understanding commercial pressure points. The advice doesn’t just sound good in theory, it holds up in the boardroom and on the ground. This isn’t a firm that throws memos over the wall; it’s one that sits beside the client, translates complexity, and navigates nuance.‘

‚Compared to others, this isn’t just a team that meets the standard, but questions it. The partners lead by example, challenging assumptions, pushing for better outcomes, and refusing to settle for business as usual. For clients who value substance over show, strategy over jargon, and genuine partnership over transactional service, this is the right legal team.’

Kernmandanten

The Siam Commercial Bank Public Company Limited


KASIKORNBANK Public Company Limited


Krung Thai Bank Public Company Limited


Bangkok Bank Public Company Limited


Bank of Ayudhya Public Company Limited


Kiatnakin Bank


TMBThanachart Bank Public Company Limited


EXIM Thai


OCBC


UOB Thai


Muang Thai Life and its subsidiaries


CP Group


True Corporation


Siam Cement Group


Boon Rawd Brewery


Morgan Stanley


Goldman Sachs


DBS Bank


Bank of Julius Baer


Blackrock


LGT Bank


Maybank


Ananda Development


MQDC


PTT Group


RATCH Group


Thai Oil


IRPC


Highlight-Mandate


  • Represented the client as borrower’s legal counsel in a THB 50bn long-term green loan provided by five of Thailand’s major financial institutions.
  • Represented the client in relation to a $820m loan for the purpose of financing the construction of a portfolio of 12 renewable energy projects in Thailand comprising eight ground-mounted solar PV plants with contracted capacity of 393 MW and four ground-mounted solar PV plants with battery energy storage with contracted capacity of 256 MW and 396 MW-hours of energy storage.
  • Represented the lenders in a financing to Italian-Thai Development Public Company Limited (ITD).

Chandler Mori Hamada Limited

The team at Chandler Mori Hamada Limited is well versed in handling the breadth of complex banking and finance matters across sectors from aviation to real estate. Its workload includes advising on large-scale projects, and corporate and acquisition financing aspects of complex and often cross-border transactions. The group is overseen by V. Joseph Tisuthiwongse, who has experience in the renewables sector in particular, and Jessada Sawatdipong, who has expertise handling large-scale domestic and cross-border energy, infrastructure and real estate project financings. Tip-apa Limvichai and banking and project financing specialist Varisa Soonyakanit are both noted as ‘well-experienced’ members of the team by clients.

Praxisleiter:

V. Joseph Tisuthiwongse; Jessada Sawatdipong


Weitere Kernanwälte:

Tip-apa Limvichai; Varisa Soonyakanit; Supattra Sathapornnanon; Sarunporn Chaianant


Referenzen

‘Good relationship and friendly people with high collaborative capabilities.’

‘Experienced and knowledgeable team in matters relating to the energy sector, including M&A due diligence, borrower’s counsel for debt financing and contract negotiations etc.’

‘Tip-apa Limvichai is well-experienced in acting as borrower’s counsel for debt financing, as is Varisa Soonyakanit.‘

Kernmandanten

Asian Development Bank


British International Investment (BII)


Bank of China


CH Karnchang Plc Lao


Dentons Middle East LLP


Dentons UK


Export-Import Bank of Thailand


FMO


Hankyu Hanshin Properties Corp


Gulf Energy Development Public Company Limited


HSBC


Intri-Plex (Thailand)


Japan International Cooperation Agency


Levanta Renewables (Thailand) Co., Ltd.


Mizuho Bank, Limited


Muangthai Capital Public Company Limited


N.C.C. Management and Development Co., Ltd.


OCP Asia


Sumitomo Mitsui Banking Corporation


United Overseas Bank (Thai) Public Company Limited


Highlight-Mandate


  • Assisted in securing bridge loan financing for the acquisition of a 90% controlling shareholding in a 139.4 MWp operating solar project portfolio in Thailand from Super Energy Corporation Public Co.
  • Advised a group of syndicated lenders in providing financing to CH Karnchang (Lao) Company Limited, the borrower, which was the main contractor under the EPC Contract entered into with Luang Prabang Power Company Limited for the construction of the 1460 MW Luang Prabang hydroelectric power project.
  • Advised on the corporate financing of Fosroc Group.

Linklaters

The team at Linklaters is well equipped to assist its portfolio of clients, which includes renowned international banks and public companies, on the gamut of complex matters in both domestic and cross-jurisdictional contexts. Pichitpon Eammongkolchai, who heads up the practice, specialises in cross-border work and frequently assists with onshore and offshore financings, the financing of significant green projects, and the banking aspects of high-value M&A transactions. Wanwisar Nakarat has expertise handling cases across the Southeast Asia region in particular, and advising on large-scale banking transactions therein. Wilailuk Okanurak and Soammaras Ratanavanich are also noteworthy for project, acquisition and real estate financing capabilities, amongst others.

Praxisleiter:

Pichitpon Eammongkolchai


Weitere Kernanwälte:

Wanwisar Nakarat; Charuchat Fongmanee; Wilailuk Okanurak; Soammaras Ratanavanich; Piyada Kittisuwan; Pranisa Chinkulkitniwat


Referenzen

‘The team’s strengths are knowledge and collaboration.’

‘The quality of the work is very high.‘

‚Wanwisar Nakarat and Charuchat Fongmanee are very stand-out.’

Kernmandanten

True Corporation Public Company Limited


Krung Thai Bank Public Company Limited


Gulf Energy Development Public Company Limited


Intouch Holdings Public Company Limited


Bangkok Bank Public Company Limited


Oversea-Chinese Banking Corporation Limited (OCBC)


The Siam Commercial Bank Public Company Limited


Kasikornbank Public Company Limited


Deutsche Bank AG


Coöperatieve Rabobank U.A. (Hong Kong Branch)


Standard Charted Bank


JP Morgan Chase Bank


Sumitomo Mitsui Banking Corporation


Nickel Industries Limited


The Hongkong and Shanghai Banking Corporation Limited (HSBC)


BNP Paribas


Credit Suisse AG


Citibank N. A


A&O Shearman

The team at A&O Shearman is well placed to assist with various banking and finance matters, including those relating to significant corporate transactions. Its client base features leading financial institutions, funds, multilateral agencies, development finance institutions and export credit agencies. Sarah Wilson helms the group and has a project finance specialism, with particular expertise handling matters in the power and infrastructure industry sectors therein. Anchalee Limviriyalers is another key name who harnesses an ‘unwavering dedication to protecting the interests of her clients’.

Praxisleiter:

Sarah Wilson


Weitere Kernanwälte:

Anchalee Limviriyalers; Nonaya Patarakitnirun; Peerajit Chanmolee; Natthicha Wiriyatornphan; Ploypachara Komonprasertgul


Referenzen

‚The team have always been very responsive and timely in meeting requested deadlines.‘

‚Peerajit Chanmolee, Natthicha Wiriyatornphan and Ploypachara Komonprasertgul have been knowledgeable and responsive.‘

‚High quality commercial advice delivered to international standards, adapted appropriately to the local context.‘

Kernmandanten

Asian Development Bank


The Hongkong and Shanghai Banking Corporation Limited’s Singapore Branch


China Datang Overseas Investment Co., Ltd.


Gulf Development Public Company Limited


Gulf Hydropower Holdings Pte. Ltd. Standard Chartered Bank (Singapore) Limited


RE Energy Co., Ltd.


Central Pattana Public Company Limited


International Finance Corporation


Japan International Cooperation Agency


Norfund


The Export-Import Bank of Thailand


Mizuho Bank Ltd., Bangkok Branch


Taishin International Bank Co., Ltd.’s Singapore Branch


Deutsche Investitions- und Entwicklungsgesellschaft


Nam Theun 1 Power Co., Ltd.


Phonesack Group Limited


Electricity Generating Public Company Limited


EDL Generation Public Company Nam Ngiep 1 Power Co., Ltd.


Kansai Electric Power Co., Inc.


EGAT International Co., Ltd.


Lao Holding State Enterprise


DLA Piper

The team at DLA Piper is experienced in advising its clientele, the list of which spans sectors from hospitality and telecoms to real estate and energy and includes lenders, sponsors, borrowers, investors, bondholders and creditors, on the variety of banking and finance matters. Waranon Vanichprapa's workload includes assisting clients with the array of large-scale financing transactions, debt restructuring deals and high-value financial investments. Pattadon Tejapaibul is experienced in advising sector-spanning corporate clients on project and acquisition financing, as well as on cross-border and corporate group lending matters.

Praxisleiter:

Waranon Vanichprapa


Weitere Kernanwälte:

Pattadon Tejapaibul; Dhanipa Hongspanij


Kernmandanten

CIMB Bank (Thai) Public Company Limited


Asian Development Bank


Credit Guarantee and Investment Facility


Kasikornbank Public Company Limited


Tisco Bank Plc


Bangkok Bank Plc


SMBC, Bangkok Branch


Citibank N.A.


Raimon Land Plc


Bank of Ayudhya Plc


Highlight-Mandate


  • Advised Asian Development Bank on a $150m loan to Ngern Tid Lor Plc to on-lend to women in SMEs in rural areas outside of Bangkok.
  • Assisted Credit Guarantee and Investment Facility with reviewing the guarantee agreement, bond documentation and security documents in respect of bonds of up to $40m to be issued by Precious Shipping Public Company Limited.
  • Advised Bangkok Bank Plc on multiple cross-border transactions, including a THB 4.9bn and RMB 100m construction facility agreement provided with Bank of China, and two further, separate transactions in relation to construction financing in Cambodia.

Norton Rose Fulbright

The practice at Norton Rose Fulbright has capabilities in advising its clients on matters ranging from the financing of significant development projects, to the establishment of loan agreements and working capital facilities. Tassanai Kiratisountorn heads up the practice and is experienced in advising both borrowers and lenders on the banking and financing aspects of the range of large-scale transactions. Also recommended in the team is Chormas Premsirinirund, who has particular expertise in advising lenders. The team in Bangkok collaborates closely with the firm’s Singapore office.

Praxisleiter:

Tassanai Kiratisountorn


Weitere Kernanwälte:

Chormas Premsirinirund


Referenzen

‘Strong experience and credentials acting as lenders‘ counsel for debt financing transactions in the energy sector.’

‘Tassanai Kiratisountorn is legally very knowledgeable while maintaining a constructive approach towards problem-solving.’

‘From start to finish, Norton Rose handled our transaction with professionalism, efficiency, and care.‘

Kernmandanten

The Siam Commercial Bank Public Company Limited


Frasers Property Holdings (Thailand) Co., Ltd.


KASIKORNBANK Public Company Limited


The Hongkong and Shanghai Banking Corporation Limited, Bangkok Branch


Bangkok Bank Public Company


Bank of China (Thai) Public Company Limited


Bank of China (Hong Kong) Limited


United Overseas Bank Limited


United Overseas Bank (Thai) Public Company Limited


TMBThanachart Bank Public Company


SCB X Public Company Limited


IFC


Highlight-Mandate


  • Advising Bangkok Bank Public Company Limited and Kiatnakin Phatra Bank Public Company Limited on the financing of the development of the 9.5 MW municipal solid waste-to-energy project in Chiangmai Province by Chiangmai Waste to Energy Company Limited as sponsored by Gulf Energy Development Public Company Limited.
  • Advised five of Thailand’s leading financial institutions on a THB 50bn long-term green loan agreement for One Bangkok Co.

SRPP Ltd.

SRPP Ltd. is well equipped to advise an array of clients on various complex financing transactions across sectors from shipping and real estate, to energy and telecoms. The practice is helmed by Passawan Navanithikul, who is experienced in assisting with such matters as the structuring of asset-based lending solutions, acquisition financings and cross-border financing deals. Sireedhorn Kittiphumwong, who has expertise in restructuring and financing, and experience handling cross-border work, is also key to the group. Viparvee Chaemchaeng is another recommended practitioner.

Praxisleiter:

Passawan Navanithikul


Weitere Kernanwälte:

Sireedhorn Kittiphumwong; Viparvee Chaemchaeng


Referenzen

‘Experienced, responsive and reliable.’

‘Passawan Navanithikul knows the industry and understands the bank’s practice and expectation well.’

‚Passawan Navanithikul knows our company and has for more than ten years. She know our culture, obligations and helps with whatever we need.‘

Kernmandanten

United Overseas Bank Limited, Singapore


Bank of China (Hong Kong) Limited


Mizuho Bank, Ltd.


Sumitomo Mitsui Banking Corporation


DBS Bank Ltd.


CIMB Bank Berhad, Labuan Offshore Branch


CIMB Thai Bank Public Company Limited


Government Savings Bank


Kingsgate Consolidated Limited


SinoPac Capital International (HK) Limited


The IYO Bank, Ltd, Singapore Branch


Axis Bank Limited, IBU Gift Branch


Highlight-Mandate


  • Advising Government Savings Bank on two facility agreements in relation to a BHT 910,000,000 and a BHT 690,000,000 loan granted to PS Well 1 Co.
  • Advising the client on facility agreement and security documents in relation to the BHT 325,000,000 facility to be granted to Antnest Holdings (Thailand) Limited for the purpose of expanding the S-Spine and Nerve Hospital.

Tilleke & Gibbins

Tilleke & Gibbins' team is experienced in assisting with the variety of commercial transactions. Santhapat Periera's areas of specialism include asset finance, particularly in the aviation sector; project finance, particularly relating to energy and infrastructure; and facilitating the expansion of Thai banks into other jurisdictions. Niti Muangkote has expertise in the infrastructure, real estate and energy sectors, and advises borrowers and lenders therein on such matters as loan offerings, credit facilities and acquisitions. Periera and Muangkote jointly lead the practice, which also benefits from the presence of Issarapat Panomvana Na Ayudhya.

Praxisleiter:

Santhapat Periera; Niti Muangkote


Weitere Kernanwälte:

Issarapat Panomvana Na Ayudhya


Referenzen

‘The partners and associates compose a seamless team that always provides versatile, thorough, detailed and high-quality legal services.’

‘During our collaboration with Santhapat Periera’s team, he left an extraordinary impression on us.‘

‚The team can always proactively follow up on critical deadlines, consistently identify hidden risks and have commercial sense.’

Kernmandanten

Brown Brothers Harriman


China Development Bank


CIMB Thai Bank Public Company Limited


Hongkong and Shanghai Banking Corporation (HSBC)


Goldman Sachs


KBZ Group


National Australia Bank Limited


Rojana Power Co., Ltd.


Sumitomo Mitsui Banking Corporation


TMBThanachart Bank PCL


Highlight-Mandate


  • Acted as Thai law counsel for HSBC in granting a $50m committed revolving credit facility to Ninja Van Group.
  • Acting as Thai legal counsel to a major Chinese state-owned development finance institution.
  • Acted as Thai legal counsel to a major French financial institution in connection with a loan facility extended to affiliates of a leading Thai energy and infrastructure company for the purchase of LNG and/or other products.

Hunton Andrews Kurth LLP

Hunton Andrews Kurth LLP is experienced in assisting clients, including project developers, DFIs, commercial banks and institutional lenders, amongst others, with a wide range of banking and finance issues. Its workload features a range of high-value transactions, which team head Stephen Bennett is particularly experienced in. Tanagorn Thimasarn's areas of expertise include corporate finance, regulatory compliance, and private M&A matters, amongst others. Thanyaporn Achariyawong is also key to the practice.

Praxisleiter:

Stephen Bennett


Weitere Kernanwälte:

Tanagorn Thimasarn; Thanyaporn Achariyawong


Kernmandanten

APICO LLC


ARES LLP


ARES International


Banpu Group


Blackstone


Chubu Electric Power


Electricity Generating Public Company Limited (EGCO)


Evonik Industries


Global Power Synergy


International Finance Corporation


JERA


JPMorgan Securities (Thailand) Limited


JPMorgan Chase Bank


Kasikornbank


KKR & Co.


PTT International Trading USA Inc.


Space Tech Innovation


Tencent


Tencent Music Entertainment


Travelex International


UBS


Universal Music


ZF Chassis Modules GmbH


Highlight-Mandate


  • Advising a company listed on the London Stock Exchange on its refinancing and potential debt to equity conversion by its UK bondholders.
  • Advising a major rooftop solar power project developer and Independent Power Producer in Asia Pacific on its refinancing with KASIKORNBANK.
  • Advising a client on the release and discharge of Thai law-governed security documents under a senior multicurrency term and revolving facilities agreement.

Rajah & Tann (Thailand) Limited

At Rajah & Tann (Thailand) Limited, the workload includes advising on matters from loan financings to domestic banks’ expansions into foreign markets. Experienced practitioner Surasak Vajasit leads the team and handles work regarding securities transactions, loan facilities and restructuring issues. A particular area of specialism for Piroon Saengpakdee is large-scale project developments, while corporate, commercial and consumer finance matters are areas of expertise for Saroj Jongsaritwang.

Praxisleiter:

Surasak Vajasit; Piroon Saengpakdee; Saroj Jongsaritwang


Weitere Kernanwälte:

Jantapa Erjongmanee; Kamonnete Yongwattananunth


Siam Premier International Law Office Limited

Siam Premier International Law Office Limited has a varied workload, which includes advising its clientele on various domestic and cross-border transactions, spanning sectors from real estate to aviation. Torsakul Cunvong's workload includes advising on transactional, regulatory and agreement drafting and negotiation matters; Maythawee Sarathai has particular expertise in foreign investment; and commercial transactions are the specialism of Ajjima Kanokmaneechotikul. The three co-helm the offering alongside Siripun Kriangwattanapong.

Praxisleiter:

Torsakul Cunvong; Maythawee Sarathai; Siripun Kriangwattanapong; Ajjima Kanokmaneechotikul


Highlight-Mandate


  • Advised a Japanese-headquartered bank and other participating banks as local counsel in connection with the preparation of collateral agreements under Thai jurisdiction.
  • Advised an EU-headquartered bank and other participating banks as lenders in connection with a borrower’s restructuring financing.
  • Advised a US private equity fund as local counsel on agreements in connection with loans to be obtained from senior lenders and mezzanine lenders.

Kudun & Partners

Kudun & Partners is well placed to advise on the banking and finance aspects of such matters as M&A transactions, disposals, and project developments. Troy Schooneman's client roster features public and private companies, government agencies and private equity funds, amongst others. Peerasanti Somritutai's workload includes assisting with energy and infrastructure, real estate and acquisition projects. The pair co-lead the practice.

Praxisleiter:

Troy Schooneman; Peerasanti Somritutai


Kernmandanten

Damri Residence Co., Ltd.


Ignite Venture Co., Ltd.


CAS Capital (Thailand) Co., Ltd.


Jade TM Two Co., Ltd.


Highlight-Mandate


  • Advised Damri Residence on a THB 1bn multi-tranche secured loan from The Brooker Group PCL.
  • Advised Ignite Venture on its THB 2bn acquisition of all operating rights and assets of the Montien Hotel Surawong Bangkok and 56 Surawong Hotel and Residences.
  • Advised Jade TM Two on the establishment of the JADE ACQUIRE PRIVATE EQUITY TRUST, a THB 2bn close-ended, takeover-focused private equity trust under Thai law.

Weerawong, Chinnavat & Partners

The group at Weerawong, Chinnavat & Partners is headed up by Sunyaluck Chaikajornwat, who is experienced in assisting banks, corporates and financial institutions on matters from green financing to debt restructuring. The team’s workload includes advising on the financing and refinancing of significant and high-value projects, as well as on syndicated loans and loan facility agreements for public companies and banks, amongst others. Borrower-side specialist Disaphon Kevin Saengpetch is another key name.

Praxisleiter:

Sunyaluck Chaikajornwat


Weitere Kernanwälte:

Disaphon Kevin Saengpetch


Referenzen

‚The team understands the requirements of both banks and clients, and works to identify solutions that address the concerns of all parties.‘

‚The firm is proactive in anticipating potential risks and providing strategic guidance to help clients manage them effectively.‘

Kernmandanten

Italian-Thai Development Public Company Limited


Energy Absolute Public Company Limited


Bank of China (Hong Kong) Limited


Bank of China (Thai) Public Company Limited


Highlight-Mandate


  • Advised Italian-Thai Development Public Company Limited on securing a THB 7.6bn syndicated loan from Bangkok Bank, KASIKORNBANK, The Siam Commercial Bank, and Krung Thai Bank.
  • Advised Energy Absolute Public Company Limited on securing THB 7.5bn in financing from twelve financial institutions for the refinancing and liquidity enhancement of its wind power subsidiaries.
  • Advised Bank of China (Hong Kong) Limited on a multicurrency Committed Term Loan Facility Agreement and Uncommitted Revolving Credit Facility Agreement with Asset World Corp Public Company Limited.