Written by Jad on 25 September 2019.
♦ Recent Deals ♦ Bangkok
Allen & Overy has advised Bank of Ayudhya Public Company Limited (BAY), Thailand’s leading bank in retail and SME banking as English and Thai law legal counsel on the launch of its USD-denominated Women Entrepreneurs Bonds. The aim of this offering is to boost lending to women-led small and medium-sized enterprises (WSMEs) in Thailand. This will be the first private-sector “gender” bond issuance in the Asia-Pacific region and the first social bond issuance in Asian emerging markets in compliance with the International Capital Markets Association Social Bond Principles and the ASEAN Social Bond Standards. The International Finance Center (IFC), a member of the World Bank Group, and Deutsche Investitions und Entwicklungsgesellschaft (DEG) have agreed to subscribe as anchor investors for a combined amount of up to USD220 million. The pioneering investment is supported by the Women Entrepreneurs Opportunity Facility, a joint initiative by the IFC and Goldman Sachs 10,000 Women to expand access to capital for women entrepreneurs globally. The Allen & Overy team involved counsel Doungporn Prasertsomsuk (Bangkok) and associates Panuwat Chaistaporn (Bangkok) and Natthicha Wiriyatornphan (Bangkok). Lawyers in our Singapore office provided support on the international aspect. Stephen Jaggs, managing partner for Allen & Overy Bangkok said: We are proud to have advised Bank of Ayudhya on this landmark issuance which supports and empowers women in Thailand.”
Written by Editor on 19 December 2014.
♦ Recent Deals ♦ Bangkok, Hong Kong
Allen & Overy advises Thai Union Frozen Products Public Company Limited on its USD1.51 billion acquisition of Bumble Bee Seafoods, which was announced today. Please enter ByLine. The Allen & Overy team is led by partner Eric Shube (New York) with financing support provided by partner Ian Powell (Hong Kong) and corporate support by partner Suparerk Auychai (Bangkok). Additional team members include Nick Marchica, Natalie Montano and Fiona Cumming.
Written by John on 08 November 2013.
♦ Moves News ♦ Bangkok, Thailand
Hunton & Williams (Thailand) Limited continues its focused expansion in key practice areas, adding partner Chinawat Assavapokee to its global corporate, energy and infrastructure practice from Baker & McKenzie. Mr. Assavapokee brings more than 15 years of experience in tax planning advice with respect to cross-border business transactions, including corporate income tax, import and excise duties, privatization plans, and tax planning and structures for a wide range of inbound investment projects. He joins Hunton & Williams' 50-lawyer Bangkok office, the center of the firm's Asia-Pacific practice that includes energy and infrastructure development, M&A and capital markets, finance, banking and lending regulations, stock market regulations, securities, tax, government regulations, and foreign direct investment matters. "Khun Chinawat has a strong, impressive tax practice. We look forward to working with him to build on the success of our domestic practice in Thailand and our cross border inbound and outbound M&A and energy practices," said Edward Koehler, managing partner of the firm's Asia-Pacific offices. Mr. Chinawat is a visiting lecturer at the Faculty of Law and Faculty of Commerce and Accountancy at Chulalongkorn University. He is a member of the Lawyers Council of Thailand, and was recognized in 2012 by Chambers Asia as a "Tier 1 Individual." He earned his LLB from Thammasat University and his LLM in tax from the University of Washington. The Hunton & Williams energy practice has more than 150 lawyers dedicated to advising clients on a broad range of energy and infrastructure matters, including financing, project development, asset and company acquisitions and dispositions, energy regulatory and environmental issues, corporate transactions and financial restructuring.
Written by John on 10 October 2013.
♦ Recent Deals ♦ Bangkok, Thailand
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that its Bangkok office has advised Oslo-listed Norske Skog (“Norske”), one of the world’s largest producers of newsprint, on the US$33m sale of its shareholding in its Singburi mill in Thailand to a Thai industrial group. After the competitive bidding process, the new owner plans to continue producing newsprint at the Singburi mill, which has a total newsprint production of approximately 125,000 tons, and is the sole producer of newsprint in Thailand. Partner Christopher Osborne led the WFW team and was assisted by associates Krit Julapanichakum and Kulkanya Vorawanichar (both WFW Bangkok). CIMB acted as investment bankers on the deal. Christopher Osborne, partner at WFW Bangkok, said: “We are delighted to reach agreement with this sale and to see a successful deal for our client. It has been interesting helping them given the tight timeline imposed by the bidding process which was challenging for all parties and required a large amount of effort from lawyers and financial advisors to process and respond to multiple competing bids. We are always excited to work for global clients of the caliber of Norske Skog on cross border transactions.”
Written by John on 07 October 2013.
♦ Recent Deals ♦ Bangkok, Hong Kong, Singapore, Thailand
Leading international law firm Clifford Chance has advised China-ASEAN Investment Cooperation Fund (CAF) on its equity investment in National Power Supply Public Company Limited, a Thai company which is primarily engaged in the business electricity generation in Thailand through adopting alternative fuels such as biomass from agricultural waste, bark and black liquor. "We were delighted to assist CAF on this deal and showcase our expertise in the region as we advised on Singapore, Thai and Hong Kong law aspects," said Hong Kong partner Neeraj Budhwani who led on the transaction. "This is CAF's second investment into Thailand and highlights its commitment to sustainable development in the country and in South East Asia." Neeraj was supported by senior associate Raymond Ng. Partner Andrew Matthews led the team in Bangkok and was supported by counsel Angela Nobthai and Keerati Kanjanawenich; senior associates Sahachai Wibuloutai and Natchapon Padungkittimal; and associates Vipavee Kaosala and Sirimas Rianrungrueng. Partner Melissa Ng led in Singapore and was supported by Danielle Wu. CAF, a private equity fund sponsored by the China Export-Import Bank together with other top Chinese as well as international institutional investors, targets investment opportunities in the infrastructure, energy and natural resources sectors in order to facilitate sustainable economic growth in the ASEAN region. It currently has investments in the countries of Cambodia, Laos, Malaysia, Myanmar, Philippines, Singapore and Thailand.