A&O Shearman's well established team has notable strength in complex capital markets matters. Suparerk Auychai is a corporate finance, M&A and capital markets specialist whose workload includes securities-related issues, privatisation matters, and the range of general commercial issues. Noparat Kaewsringarm brings deep expertise advising foreign and domestic investors on their investments into the Thai market; IPOs, secondary offerings and tender offers are all areas of experience of Kaewsringarm. The pair co-helm the practice alongside Sarah Wilson. ‘Trusted advisor with deep industry knowledge and experience’ Anchalee Limviriyalers is also noted for her banking and capital markets expertise.
Capital markets in Thailand
A&O Shearman
Praxisleiter:
Suparerk Auychai; Noparat Kaewsringarm; Sarah Wilson
Weitere Kernanwälte:
Anchalee Limviriyalers; Arthit Hemara; Vitita Subhawat
Referenzen
‚They worked seamlessly with various teams across our organisation.‘
‚Anchalee Limviriyalers is our trusted advisor with deep industry knowledge and experience.‘
‚The team’s strengths are: their focus and attention to clients, their commercial viewpoint when delivering legal advices, and thorough analysis and advice.‘
Kernmandanten
Maybank Securities Pte. Ltd.
CGS-CIMB Securities
Bualuang Securities Public Company Limited
WHA Industrial Development Public Company Limited
Kasikorn Securities Public Company Limited
Kiatnakin Phatra Securities Public Company Limited
InnovestX Securities Co., Ltd.
UBS AG’s Singapore Branch
J.P. Morgan Chase & Co
International Finance Corporation
Credit Guarantee and Investment Facility
TMBThanachart Bank Public Company Limited
Bank of Ayudhya Public Company Limited
BofA Securities, Inc.
Bangkok Bank Public Company Limited
United Overseas Bank Public Company Limited
Highlight-Mandate
Baker McKenzie LLP
The team at Baker McKenzie LLP provides ‘sharp and effective advice‘ to well-known international banks, public companies and sponsors. Examples of the team’s workload includes advising on the offering of shares in IPOs and assisting clients with stock exchange listings. Kowit Adireksombat is experienced handling both debt and equity capital markets cases for key clients, while Pukkapol Khuntamanee has expertise in securities regulation, capital markets and corporate work. At the helm of the team are Komkrit Kietduriyakul, Viroj Piyawattanametha who regularly advise across the power, infrastructure, and automobile sectors, Theppachol Kosol and Primyadar Duangrat who both specialise in securities and capital markets work, and Benja Supannakul who focuses on structured finance and wealth management.
Praxisleiter:
Komkrit Kietduriyakul; Viroj Piyawattanametha; Theppachol Kosol; Primyadar Duangrat; Benja Supannakul
Weitere Kernanwälte:
Kelvin Pao; Julaphan Nimkarn; Sujade Simthamnimit; Kowit Adireksombat; Pukkapol Khuntamanee
Referenzen
‘Well-equipped and experienced in both legal and commercial knowledge. Practical and effective. Also, they have a broad ranging network so it is more or less a one-stop service for clients, which is very useful for us.‘
‘Each of the team members working with us, they are full of compassion to deliver results to clients, pay attention to every detail, provide sharp and effective advice and all of it coming with the service mindset. Kelvin Pao, Primyarda Duangrat and Julaphan Nimkarn are noteworthy.’
‘Baker McKenzie has a large pool of resources, and they can arrange the team’s composition to fit well with different client’s characteristics.’
Kernmandanten
ThaiNamthip Corporation Public Company Limited
Ascend Money Co., Ltd.
SCB X Public Company Limited
Vayupak Fund 1
CPN Retail Growth Leasehold REIT
Siam City Cement Public Company Limited
Sunrise Equity Co., Ltd
Bangkok Bank Public Company Limited
Bank of Ayudhya Public Company Limited
Krung Thai Bank Public Company Limited
Standard Chartered Bank
Minor International Public Company Limited
Chaosua Foods Industry Public Company Limited
Kasikorn Asset Management Company Limited
Kiatnakin Phatra Securities Public Company Limited
Krungthai Bank Public Company Limited
CIMB Thai Bank Public Company Limited
Highlight-Mandate
- Advised ThaiNamthip Corporation Public Company Limited („TNCC“), as the issuer’s Thai law counsel for the offering of ordinary shares in TNCC in the initial public offering (IPO) in Thailand.
- Advised Bank of America and Kiatnakin Phatra Securities Public Company Limited as a Thai legal counsel in the IPO of shares of Frasers Property Industrial Holdings Pte. Ltd.
- Advised Synphaet Co., Ltd. as the issuer’s Thai law counsel for the offering of ordinary shares in TNT in the initial public offering (IPO) in Thailand.
Linklaters
The group at Linklaters is well-placed to assist its clients with matters ranging from the issuance of overseas exchangeable bonds, to IPO proposals, to the listing and sale of shares on the Stock Exchange of Thailand. Debt and equity capital markets transactions are central to the team’s workload, and are areas of expertise of ‘highly trusted adviser’ and team head Pornpan Chayasuntorn. Paveen Khiewvichit is also recommended, bringing experience in exchange and securities-related regulatory work. Wilailuk Okanurak has expertise assisting clients with IPOs, rights offerings, share placements and more. ‘Respected leader in the legal field’ Chanon Amornthatri is also a key practitioner.
Praxisleiter:
Pornpan Chayasuntorn
Weitere Kernanwälte:
Paveen Khiewvichit; Wilailuk Okanurak; Chanon Amornthatri
Referenzen
‚Linklaters is a market leader.‘
‚The firm has consolidated its business really well, and its individuals there are really strong. It has a combination of deep transactional experience, commercial insight, and a strategic, client-first mindset.‘
‚The firm brings together legal experts, regulatory advisors, and industry specialists to make sure clients get well-rounded advice.‘
Kernmandanten
Delta International Holding Limited B.V.
International Finance Corporation
Gulf Energy Development Public Company Limited
Highlight-Mandate
- Advised Delta International Holding Limited B.V. in relation to the issuance of $525m overseas exchangeable bonds by DIH.
- Advised International Finance Corporation on its $50m investment in a gender-inclusive social bond issued by Muangthai Capital Public Company Limited (MTC).
- Advise Gulf Energy Development Public Company Limited (GULF) on their strategic amalgamation with Intouch Holdings Public Company Limited (INTUCH).
MSC International Law Office Company Limited
Boutique capital markets and securitisation firm MSC International Law Office Company Limited's group has well-established capabilities to advise on the full range of commercial matters in both domestic and cross-jurisdictional contexts. Its workload includes advising on IPO listings, capital increases, investments and restructurings of considerable value. Sawita Suwansawat helms the offering and harnesses experience in complex equity transactions and IPOs, amongst other issues. Nattaya Tantirangsi is also notable for her debt and equity, and M&A expertise.
Praxisleiter:
Sawita Suwansawat
Weitere Kernanwälte:
Nattaya Tantirangsi; Tirayu Songdacha
Kernmandanten
Advance Web Service Public Company Limited
Bangkok Asset Intergroup Public Company Limited
Clover Power Public Company Limited
Cpanel Public Company Limited
DHouse Pattana Public Company Limited
KJ Technical Services Sdn. Bhd.
Movefast Public Company Limited
N.C. Housing Public Company Limited
N.D. Rubber Company Limited
NR Instant Produce Company Limited
Peerapat Technology Public Company Limited
Primo Service Solution Public Company Limited
Pueantae Capital Company Limited
Rhom Bho Property Public Company Limited
Right Tunnelling Public Company Limited
Sabuy Technology Public Company Limited
Sino Logistics Corporation Public Company Limited
TBN Corporation Public Company Limited
TQR Public Company Limited
Winnergy Medical Public Company Limited
Villa Kunalai Public Limited
Highlight-Mandate
- Represented Bangkok Asset Intergroup Public Company Limited in connection with the legal due diligence and the initial public offering of its shares domestically, and the subsequent listing of such shares on the market for alternative investment.
- Represented KJTS Group Berhad in connection with the initial public offering and listing on the ACE Market of Bursa Malaysia.
- Represented N.D. Rubber Public Company Limited in connection with a capital increase by means of issuing 110,000,000 newly-issued ordinary shares.
Siam Premier International Law Office Limited
The cohort at Siam Premier International Law Office Limited is well-equipped to assist its clients on matters including the issuance, filing and placement of high-value debentures, and on a range of shareholdings and asset management issues. Corporate, commercial and corporate finance matters are all key areas of focus for Linda Osathaworanan, while foreign investment in Thailand is a specialism of Maythawee Sarathai. Tassanu Chutikanon has expertise spanning insurance, M&A, disputes and complex commercial agreements, and Saithip Mansri has experience in corporate and M&A cases. The four oversee the offering. Kulkanist Khamsirivatchara retired from the team in 2025.
Praxisleiter:
Linda Osathaworanan; Maythawee Sarathai; Tassanu Chutikanon; Saithip Mansri
Weitere Kernanwälte:
Kulkanist Khamsirivatchara
Kernmandanten
Krungthai Card PCL
Knight Club Capital Asset Management Public Company Limited
AP Public Company Limited
KrungsriAyudhya Card Co., Ltd.
Ayudhya Capital Auto Lease PLC
Knight Club Capital Asset Management Public Company Limited
Highlight-Mandate
- Represented Krungthai Card PCL with respect to the Filing Base of Medium-Term Note Program (MTN), worth approximately THB 66.4m.
- Represented KrungsriAyudhya Card Co., Ltd. with respect to placement-offering of long-term debentures and equity worth approximately $106m.
- Represented Knight Club Capital Asset Management PCL in the issuance of Debentures No. 1/2567 (2024) worth approximately $15m.
Tilleke & Gibbins
The group at Tilleke & Gibbins is considered ‘one of the best practices in Thailand’ by clients. Advising on corporate governance, and various aspects of significant corporate transactions are both key elements of the team’s workload, as is debenture-related work. The team was bolstered in October 2024 with the arrivals of new team co-lead Patcharaporn Pootranon who has expertise in capital markets, corporate and M&A and tax matters, and Veerakorn Samranweth. Further changes to the team include the July 2024 departures of Karinevidch Olivero and Phatamol Phisitbuntoon. Pootranon co-leads alongside Kobkit Thienpreecha.
Praxisleiter:
Patcharaporn Pootranon; Kobkit Thienpreecha
Weitere Kernanwälte:
Niti Muangkote
Referenzen
‘I consider that their team is one of the best practices in Thailand. The team is very knowledgeable and responsive. They are fully aware of the needs of international banks.‘
‘Niti Muangkote is very helpful; he is the leading team member.’
‘The team is very responsive and professional.’
Kernmandanten
Global Consumer Public Company Limited
Triton Holding Public Company Limited
Chuwit Farm Public Company Limited
Thai Air Asia Company Limited
Asia Pacific Potash Corporation Company Limited
Ethereum Asia Pacific Limited
Tether Operations Limited
Gravity Team Ltd.
Orbix Investment Company Limited
SEI Medical PCL
Highlight-Mandate
- Advised Global Consumer Public Company Limited (GLOCON) on corporate governance matters and transaction documentation related to its acquisition of assets in the skincare business for THB 150m from the subsidiary of Triton Holding Public Company Limited.
- Retained by Chuwit Farm PCL’s key shareholders from the initial planning stages of the transaction all the way through to the successful IPO and listing on the MAI.
- Assisted the client in the issuance and offering of high-risk secured and callable debentures.
Weerawong, Chinnavat & Partners
The team at Weerawong, Chinnavat & Partners is well-regarded for its ‘vast experience in capital markets’, with a workload that features matters from bond debt restructurings, to group reorganisations and significant acquisition transactions. Wittaya Kaewkungsadan is well-equipped to handle both equity and debt capital markets work in both domestic and cross-jurisdictional contexts. Karwkungsadan helms the practice alongside Trinuch Chuenchomlada who is experienced handling the full remit of corporate governance and capital markets cases, and Pratumporn Somboonpoonpol whose areas of sector expertise include banking, energy and real estate.
Praxisleiter:
Wittaya Kaewkungsadan; Trinuch Chuenchomlada; Pratumporn Somboonpoonpol
Weitere Kernanwälte:
Jongtip Tangsripairoje
Referenzen
‘The team possesses strong technical understanding of Thai securities laws and has vast experience in Thai capital markets. They are willing to go the extra mile to provide well-rounded advice.’
‘Partners are hands-on, knowledgeable and the team goes the extra mile to ensure projects run smoothly.’
‘Trinuch Chuenchomlada seeks to understand clients, the situation and to assist where possible.’
Kernmandanten
Swift Energy Technology, Berhad
Food Moments Public Company Limited
S.F. Holding Co., Ltd.
A.J. Plast Public Company Limited
Indara Insurance Public Company Limited
Energy Absolute Public Company Limited
Asset World Corp Public Company Limited
Chandler Mori Hamada Limited
Chandler Mori Hamada Limited‘s group is well-placed to assist its roster of clients on high-value matters involving debt securities and bond transactions and issuances, including sustainability-linked and digital bonds. Doungporn Prasertsomsuk heads up the offering, bringing expertise on debt and equity capital markets transactions, securitisations and infrastructure funds. Prasertsomsuk leads alongside Tananan Thammakiat who is experienced handling REIT, real estate and M&A cases.
Praxisleiter:
Doungporn Prasertsomsuk; Tananan Thammakiat
Weitere Kernanwälte:
Worapan Wuttisarn; Onpreeya Pimol
Referenzen
‘Solid expertise on complicated deals and structured deals so they can provide relevant and useful legal advice.’
‘Provide straightforward and forward-looking legal advice which is useful for our decision-making.’
‚Worapan Wuttisarn and Onpreeya Pimol have expertise in their area.‘
Kernmandanten
Advanced Info Service Public Company Limited
Bangkok Bank
Bank of Ayudhya
Bank of America
CIMB Thai Bank Public Company Limited
Export-Import Bank of Thailand
Gulf Energy Development Public Company Limited
Government Savings Bank
HSBC
J.P. Morgan & Co Inc.
Kasikornbank
Krungthai Bank Public Company Limited
Muangthai Capital Public Company Limited
PTT Exploration and Production Public Company Limited
Standard Chartered
Thai Union Group PCL
Twin Pine Group
UBS Singapore
UOB Thailand
Highlight-Mandate
- Advised PTT as the issuer of Thailand’s first Q-Bond.
- Advised the client on its conversion from its Freehold and Leasehold Property Fund (LPF) to the Axtra Future City Freehold and Leasehold Real Estate Investment Trust (AXTRART).
- Advised the client, in its capacity as the sole lead arranger, on the issuance of guaranteed sustainability-linked bonds by Precious Shipping Public Company Limited (PSL).
Hunton Andrews Kurth LLP
Hunton Andrews Kurth LLP‘s team is experienced advising clients in corporate transaction, M&A, banking and finance, and financial services matters, amongst others. Co-lead Stephen Bennett advises an array of clients from local to multinational. Somruetai Noppornprom leads alongside Bennett, and has expertise in capital markets and cross-border M&A work in various industry sectors, including TMT.
Praxisleiter:
Stephen Bennett; Somruetai Noppornprom
Weitere Kernanwälte:
Supajit Koosittiphon
Kernmandanten
International Finance Corporation
JPMorgan Chase Bank, N.A.
JPMorgan Securities
Blackstone Inc.
Ares Management Corporation
Banpu Next Company Limited
Blackstone Tactical Opportunities Advisors L.L.C
Tencent Holdings Limited
Tencent Music Entertainment
Deutsche Bank AG
Deutsche Investitions- und Entwicklungsgesellschaft mbH
Kasikornbank Public Company Limited
Highlight-Mandate
- Advising Blackstone Inc. in respect of the issue and offer of fund units in Blackstone Real Estate Income Trust through a Thai feeder fund.
- Represented Banpu North America Corporation as the sponsor and major shareholder of BKV Corporation in connection with BKV’s IPO and listing of certain of its shares on the New York Stock Exchange.
- Acting as international legal counsel to International Finance Corporation and Deutsche Investitions- und Entwicklungsgesellschaft mbH providing financing through a bond subscription.
Kudun & Partners
The group at Kudun & Partners harnesses ‘extensive experience in handling various high-profile transactions’ and is co-headed by capital markets and securities expert Kudun Sukhumananda, who is experienced with IPOs, debt security offerings and listings on the Thai Stock Exchange. Sukhumananda co-leads alongside Kom Vachiravarakarn who assists with the full range of transactional work. The ‘exceptional’ Thitawan Thanasombatpaisarn is also recommended for her considerable securities and regulatory expertise.
Praxisleiter:
Kudun Sukhumananda; Kom Vachiravarakarn
Weitere Kernanwälte:
Thitawan Thanasombatpaisarn
Referenzen
‘Kudun & Partners have a great team with experts covering all outstanding issues. They always have answers/solutions for any issues raised.’
‘Kudan Sukhumananda and Thitawan Thanasombatpaisarn are among great alliances whom I am honoured to have had an opportunity to work with. Key strengths are their extensive knowledge in what they are doing and their reliable and trustworthy advice.’
‘Kudun & Partners consistently offers practical solutions, exhibits remarkable legal expertise and possesses a strong ability for execution. I appreciate that they offer a very fair price while still providing services expected of an international law firm.’
Kernmandanten
Inspire IVF Public Company Limited
MPJ Group Public Company Limited
Interroyal Engineering Public Company Limited
TRC Construction Public Company Limited
Maguro Group Public Company Limited
Nusasiri Public Company Limited
Raimon Land Public Company Limited
SGF Capital Public Company Limited
Pattra House and Property Public Company Limited
CPT Drives and Power Public Company Limited
Highlight-Mandate
- Represented the client in a landmark cross-border acquisition of a 52.16% stake in CPT Drives and Power PCL.
- Advised the client on its strategic acquisition of a 28.61% stake in People’s Garment Public Company Limited.
- Advised the client on its successful IPO and listing on the Market for Alternative Investment.
The Capital Law Office Limited
The Capital Law Office Limited's cohort is experienced assisting with matters ranging from listings on the Thai Stock Exchange, to the issuance of high-value debentures. Debt and equity transactions are the specialist area of Patraporn Milindasuta, Chatri Trakulmanenate is experienced in handling complex cross-border restructurings, and Paradorn Leosakul‘s areas of expertise include advising on IPO strategy and equity fundraisings. The three oversee the practice.
Praxisleiter:
Patraporn Milindasuta; Chatri Trakulmanenate; Paradorn Leosakul
Weitere Kernanwälte:
Choladda Busabong; Patcharanon Bumroongsook; Haruethai Boonklomjit
Referenzen
‘Their expertise and willingness to assist the client is why we employed them for so many years.’
‘We have worked with Choladda Busabong and Chatri Trakulmanenate for quite some time. Their expertise and willingness to assist the client are what attracts us to continue to employ them.’
‘An experienced and well-connected team who help to resolve issues for clients.’
Kernmandanten
Bank of Ayudhya Public Company Limited
Stella X Public Company Limited
True Money Company Limited
Super Energy Public Company Limited
Pluk Phak Praw Rak Mae Public Company Limited
Nakornthon Hospital Public Company Limited
Boonthavorn Retail Corporation Public Company Limited
GMM Music Public Company Limited
Posh Medica Lifetech Company Limited
Highlight-Mandate
- Advising Pluk Phak Praw Rak Mae Public Company Limited on its THB 1.065 billion IPO and listing on the Stock Exchange of Thailand.
- Advised Super Energy Public Company Limited on the establishment of a THB 9bn Medium-Term Note Program and the public issuance of two series of unsecured, unsubordinated debentures under the program.
- Advising Stella X Public Company Limited on its THB 5.36bn preferential public offering of shares with warrants to existing shareholders.
TTT+Partners
TTT+Partners‘ team is adept at assisting with such matters as high-value debt issuances, debenture matters, IPO structuring and strategic restructurings. The ‘outstanding’ Veeranuch Thammavaranucupt spearheads the group and has particular abilities advising on high-profile capital markets transactions, as well as on a range of regulatory issues. Infrastructure funds, IPOs and M&A transactions are key features of October 2024 arrival Kongkoch Yongsavasdikul‘s workload.
Praxisleiter:
Veeranuch Thammavaranucupt
Weitere Kernanwälte:
Kongkoch Yongsavasdikul; Arnut Pongprueksa
Referenzen
‘I fully trust their legal advice and they have been very prompt and reliable in supporting their clients‘ needs.‘
‚The firm comprises partners with significant experience who are focused on providing commercially viable advice.’
‘Veeranuch Thammavaranucupt is my go-to partner at the firm and her experience, patience and solutions-oriented approach makes her one of my trusted legal advisors in Thailand.’
Kernmandanten
Thai Beverage Public Company Limited
Bangkok Insurance Plc
Credit Guarantee and Investment Facility
Safe Fertility Group Public Company Limited
PTT Exploration and Production Public Company Limited
MR. D.I.Y. Co., Ltd.
Pro Inside Co., Ltd.
Park Court Living Company Limited
Highlight-Mandate
- Advised Thai Beverage Public Company Limited (ThaiBev) on the successful establishment of its $2bn multicurrency debt issuance program.
- Advised the client on its IPO and successful listing on the Market for Alternative Investment (MAI) in Thailand, including the offering of 140,000,000 ordinary shares.
- Advised Park Court Living Company Limited on the issuance of THB-denominated debentures secured by a mortgage over 35 condominium units and an escrow arrangement for rental income.