Leading Associates

Firms To Watch: Capital markets

Spearheaded by Sawita Suwansawat, MSC International Law Office Company Limited has demonstrable expertise in IPOs, rights offerings, and debt to equity conversion transactions.
Thanathip & Partners Legal Counsellors Limited is noted for its IPO strength in the capital markets space, with founding partner Thanathip Pichedvanichok and Chawaluck Sivayathorn Araneta jointly leading the group.
The recently established TTT+Partners‘s capital markets practice advises on equity and debt offerings, as well as securitisations, with Veeranuch Thammavaranucupt at the forefront of its work.

Capital markets in Thailand

Baker McKenzie LLP

Baker McKenzie LLP is noted for its ‘deep expertise in advising financial institutions on capital market transactions'. Notably, the group has extensive expertise in the issue of sale of equity through IPOs, private placements, rights issues, and hybrid offerings. The group is jointly led by Komkrit Kietduriyakul, who leads on the firm’s debt capital markets, derivatives, and structured finance work; Viroj Piyawattanametha, who is reputed in the debit capital markets space; Theppachol Kosol, whose expertise lies in equity capital markets, infrastructure funds, securities, and listing regulations; Primyadar Duangrat, who is a key contact for capital markets, securities, and IPO transactions; and Benja Supannakul, whose practice focuses on derivatives, structured finance, and debt capital markets. Kowit Adireksombat and Pukkapol Khuntamanee are also both key contributors to the practice.

Praxisleiter:

Komkrit Kietduriyakul; Viroj Piyawattanametha; Theppachol Kosol; Dr. Primyadar Duangrat; Benja Supannakul


Weitere Kernanwälte:

Kowit Adireksombat, Pukkapol Khuntamanee


Referenzen

‘The Baker team has deep expertise in advising financial institutions on capital market transactions. As such, they know key issues and provided us with excellent advice.’

‘The collaboration within the Baker network is very helpful as it allowed us access to further insights from subject matter experts in the region.’

‘We worked closely with Kowit Adireksombat on the capital market transaction. Since this was the first transaction of its kind for companies in our industry from Southeast Asia, Khun Kowit proved to be very knowledgeable in the matter and very helpful in advising us on important issues both on legal and commercial consideration standpoints.’

Kernmandanten

China International Capital Corporation Hong Kong Securities Limited


Merrill Lynch (Asia Pacific) Limited


Morgan Stanley Asia Limited


Thai Credit Bank Public Company Limited


OCA Investment Holdings Pte. Ltd.


Bualuang Securities Public Company Limited


Kiatnakin Phatra Securities Public Company Limited


Morgan Stanley & Co International PLC


Raimon Land Public Company Limited


Proud Real Estate Public Company Limited


United Overseas Bank (Thai) Public Company Limited


KASIKORNBANK Public Company Limited


Toyota Leasing (Thailand) Co Ltd.


Muang Thai Life Assurance Public Company Limited


Electricity Generating Public Company Limited


The Siam Commercial Bank Public Company Limited


TMBThanachart Bank Public Company LimitedExxon


Mobil Asia Holdings Pte. Ltd


Khotkool Co., Ltd


Highlight-Mandate


  • Advised ExxonMobil Asia Holdings Pte. Ltd. on the divestment of its total stake in Esso (Thailand) Public Company Limited.
  • Acted as local counsel for a group of joint sponsors, which included China International Capital Corporation Hong Kong Securities Limited, Merrill Lynch (Asia Pacific) Limited, and Morgan Stanley Asia Limited, in the successful IPO and listing of J&T Global Express Limited on the Hong Kong Stock Exchange
  • Advised Thai Credit Bank Public Company Limited, as the issuer’s Thai law counsel and OCA Investment Holdings I Pte. Ltd., as the selling shareholder’s Thai law counsel, for the offering of ordinary shares in TCB.

Linklaters

Linklaters enjoys a strong reputation in the equity-linked international market and frequently facilitates transactions, such as convertible bonds and exchangeable bonds issued by Thai-listed companies. Pornpan Chayasuntorn is responsible for leading the practice and specialises in both capital and debt market work, notably equity-linked transactions with combined elements of domestic and international offerings, as well as public M&A and takeovers. Wilailuk Okanurak is a key member of the group and is well-versed in IPOs, rights offerings, placements of shares, and sales of shareholdings. Paveen Khiewvichit is also a name to note for his extensive knowledge on exchange and securities related regulations.

Praxisleiter:

Pornpan Chayasuntorn


Weitere Kernanwälte:

Paveen Khiewvichit; Wilailuk Okanurak


Referenzen

‘We have consistently entrusted Linklaters Thailand with our most critical capital markets transactions.’

‘Their team’s comprehensive knowledge of the legal and regulatory landscape, coupled with their keen understanding of market nuances, has been instrumental in our success. Linklaters’ ability to anticipate market trends and stay ahead of evolving regulatory expectations has been invaluable.’

‘Their proactive approach and strategic insights have enabled us to make informed decisions and achieve our business objectives. Linklaters Thailand’s unwavering commitment to client service is evident in their responsiveness, attention to detail, and genuine dedication to our success.’

Kernmandanten

Bangkok Bank Plc.


Bank of America Merrill Lynch


BSS Holdings Company Limited


Bualuang Securities Company Limited


Charoen Pokphand Foods Plc.


Charoen Pokphand Group Company Limited


CPF Global Food Solution Public Company Limited


C.P. Merchandising Company Limited


Credit Suisse


Bank of Ayudhya Public Company Limited


Gulf Energy Development Plc.


JP Morgan


Krungthai Securities


Merrill Lynch Far East Limited


Minor International Plc.


Morgan Stanley Asia Limited


Ngern Tid Lor Plc.


Osotspa Plc.


Kiatnakin Phatra Securities Plc.


The Siam Commercial Bank Plc.


SCB Asset Management


SCB Securities Co Ltd


Ares SSG Capital Management (Hong Kong) Limited


Standard Chartered Bank Plc.


True Corporation Plc.


The Hongkong and Shanghai Banking Corporation Limited


UBS


Asian Development Bank


International Finance Corporation


Saha Pathana Inter-Holding PCL


Industrial and Commercial Bank Of China


Better Way (Thailand) Co. Ltd.


Highlight-Mandate


Siam Premier International Law Office Limited

Siam Premier International Law Office Limited counts fund managers, investment banks, issuers, underwriters, investors, financial institutions, and multinational corporations among its client roster. Sitting at practice head level is Kulkanist Khamsirivatchara, who specialises in stock exchange regulations and securities; Linda Osathaworanan, who is extremely knowledgeable of regulatory compliance for IPOs; Maythawee Sarathai, who boasts extensive experience in foreign investment; Tassanu Chutikanon, who has substantial industry subject-matter knowledge; and Saithip Mansri.

Praxisleiter:

Kulkanist Khamsirivatchara; Linda Osathaworanan; Maythawee Sarathai; Tassanu Chutikanon; Saithip Mansri


Kernmandanten

Sripanwa Hospitality Real Estate Investment Trust


Krungthai Card PCL


Krungthai Car Rent and Lease Public Company Limited


Charn Issara Development Public Company Limited


Knight Club Capital Asset Management Public Company Limited


AP (Thailand) Public Company Limited


Highlight-Mandate


Tilleke & Gibbins

Tilleke & Gibbins represents domestic and multinational corporations and financial services firms with debt and equity securities, depositary receipts, derivatives, funds, forex, notes, swaps, as well as digital assets. Yaowarote Klinboon is responsible for leading the practice and excels in securities offerings, as well as international and domestic offering of equity and debt instruments. Kobkit Thienpreecha is also a key name for investment management funds, financial institutions, and cryptocurrency exchanges. Karinevidch Olivero has extensive capital markets and securities knowledge, especially within the media, retail, and real estate development spaces.

Praxisleiter:

Yaowarote Klinboon


Weitere Kernanwälte:

Kobkit Thienpreecha, Karinevidch Olivero


Kernmandanten

AKS Corporation PCL


Aqua Corporation PCL


Asphere Innovations PCL


Beryl 8 Plus PCL


C.I. Group PCL


Liberator Securities Co., Ltd.


Nation Group (Thailand) PCL


SEI Medical PCL


T.K.S. Technologies PCL


Window Asia PCL


Highlight-Mandate


Weerawong, Chinnavat & Partners

Issuers, underwriters, placement agents, security holders, investors and corporate trustees praise Weerawong, Chinnavat & Partners for its ‘unique blend of traditional legal acumen and innovative strategies‘. Jointly heading the practice is Wittaya Kaewkungsadan, Trinuch Chuenchomlada and Pratumporn Somboonpoonpol. Chuenchomlada has extensive experience advising issuers and underwriters on equity and debt instruments, notably IPOs. Jongtip Tangsripairoje is also a key name to highlight for her substantial knowledge of debt market offerings.

Praxisleiter:

Wittaya Kaewkungsadan; Trinuch Chuenchomlada; Pratumporn Somboonpoonpol


Weitere Kernanwälte:

Jongtip Tangsripairoje


Referenzen

‘Weerawong C&P stands out for its comprehensive approach to residential development law, combining deep industry expertise with a client-centric focus.’

‘What sets it apart is the team’s ability to navigate complex regulatory environments while providing tailored solutions that align with clients’ specific needs and goals.’

‘The firm’s unique blend of traditional legal acumen and innovative strategies ensures that clients receive not only legal advice but also practical, actionable insights that drive their projects forward.’

Kernmandanten

aCommerce Group PLC


Jasmine International PLC


CPN Retail Growth Leasehold Property Fund


Asset World PCL


True Properties


Origin Property PCL


Britania PCL


Ananda Development PLC


Sammakorn PCL


BTS Group Holdings PCL


Kerry Express PCL


Bangkok Airways PCL


Asia Aviation PCL


J&T Express Thailand


Big C Retail Corporation Public Company Limited


SCG Cement-Building Materials Company Limited


DXN Holdings Bhd.


OISHI Group Public Company Limited


Sri Trang Gloves (Thailand) Public Company Limited


Toa Paint (Thailand) Public Company Limited


Deestone Corporation PLC; Thai Beverage PCL


BeerCo Limited


Siam Commercial Bank


Credit Suisse


Macquarie Bank


Bangkok Bank


Krungthai Asset Management


Citigroup Global Markets Limited, The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Singapore Branch


PTT PLC, PTT Exploration and Production PLC


Sermsang Power


TPI Polene Power PLC


PTTOR PLC


Thai Oil PLC


Highlight-Mandate


Hunton Andrews Kurth LLP

Bond offerings, derivatives, share swaps, and IPOs form part of the offering of the capital markets practice at Hunton Andrews Kurth LLP. Stephen John Bennett is responsible for leading the practice and specialises in M&A transactions, and the issue and sale of derivative warrants. Somruetai Noppornprom is also an active member of the practice and stands out for her telecoms expertise.

Praxisleiter:

Stephen John Bennett


Weitere Kernanwälte:

Somruetai Noppornprom


Kernmandanten

International Finance Corporation


JP Morgan Securities (Thailand) Limited


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 International Financial Corporation as sole subscriber to Bank of Ayudhya Public Company Limited amalgamated blue/green bond in Thailand.
  • Acting as counsel to JPMorgan Securities (Thailand) Limited, as issuer, in respect of its issue of derivative warrants for listing on the Stock Exchange of Thailand pursuant to its derivative warrants programme.
  • Advised Tencent and Tencent Music on their acquisition of 10% of GMM Music Public Company Limited.

Kudun & Partners

Kudun & Partners handles the full spectrum of capital market transactions, including IPOs, securitisation, debt offerings, hedge funds, and stock offerings. Kudun Sukhumananda and Kom Vachiravarakarn are both jointly responsibly for leading the group. Sukhumananda specialises in IPOs, debt securities offering, and stock exchange listings, while Vachiravarakarn is a key name for takeovers and debt offerings.

Praxisleiter:

Kudun Sukhumananda; Kom Vachiravarakarn


Referenzen

‘KUDUN and partners team is the best. It has many experienced partners which can brain storm to solve client problems.’

‘The team has kind and friendly lawyers which makes a difference It is like they see clients as their friends an family, which makes us feel comfortable when working with them.’

‘If you have KUDUN team at your back, they make you feel better and make it easier for you.’

Kernmandanten

Jade TM One Co., Ltd.


Miss Grand International Public Company Limited


Sino-Thai Engineering and Construction Public Company Limited


Sirisoft Public Company Limited


Bluebik Group Public Company Limited


B. Grimm Power Public Company Limited


One To One Contacts Public Company Limited


Turnkey Communication Services Public Company Limited


SKY ICT Public Company Limited


Thanulux Public Company Limited


Scan Inter Public Company Limited


Highlight-Mandate


  • Representing Sino-Thai Engineering and Construction Public Company Limited in a substantial restructuring initiative encompassing 14 subsidiaries and associated private and public listed companies.
  • Representing SKY ICT PLC in the offering to existing shareholders proportionate to their respective shareholding (Rights Offering) and offering to specific persons by way of private placement.
  • Assisted Miss Grand International Public Company Limited with their IPO project, seeking to offer 60 million shares to investors within Thailand.

The Capital Law Office Limited

Issuances of equity, equity-linked products, debt instruments, derivatives, and cross-border transactions are areas of focus for The Capital Law Office Limited. Jointly leading the practice is Patraporn Milindasuta, who specialises in securities offerings; Chatri Trakulmanenate, who is active in IPOs and issuances of bonds; and Paradorn Leosakul, whose expertise lies in domestic and international equity offerings.

Praxisleiter:

Patraporn Milindasuta; Chatri Trakulmanenate; Paradorn Leosakul


Kernmandanten

Jaspal Public Company Limited


NAT Absolute Technologies Public Company Limited


P.S.P. Specialties Public Company Limited


SCG Décor PUBLIC COMPANY LIMITED


Asia Network International Public Company Limited


Finansia X Public Company Limited


Finansia Syrus Securities Public Company Limited


Boonthavorn Retail Corporation Public Company Limited


Super Energy Corporation Public Company Limited


Highlight-Mandate


  • Advised Asia Network International Company Limited, together with KKP Securities acting as the financial advisor, on its spin-off from Triple I Network Company Limited and its IPO and listing of its shares on the SET.
  • Advised Finansia X Public Company Limited and Finansia Syrus Securities Public Company Limited on shareholding and management restructuring.
  • Advised P.S.P. Specialties Public Company Limited on its Initial Public Offering and listing of its shares on the Stock Exchange of Thailand.