Tilleke & Gibbins

Thailand

Analysis

Overview

Tilleke & Gibbins is a dominant force in the Thai legal market and its pre-eminence continues to spread out across southeast Asia as it becomes a top regional firm. It is a leader in aviation, IP, insurance, tax, and technology and telecommunications law in the region. Co-managing partners Tiziana Sucharitkul and Darani Vachanavuttivong are known for their expertise in dispute resolution and intellectual property, respectively.  

Dispute resolution

Work highlights 

Successfully defended Lonsin Capital through all court levels in Bt688 million ($20.4 million) litigation brought by Bangkok Land concerning disputed bond dividend payments, culminating in the January 2025 Supreme Court victory. The case involved complex cross-border elements with the UK-based investment fund, Deutsche Bank as trustee and Standard Chartered as custodian all prevailing against claims by the Thai real-estate developer challenging dividend distributions. This precedent-setting judgment provides important clarity on the rights of international bondholders and trustees in Thailand's capital markets. 

Key clients 

Alibaba, BAE Systems, Deloitte 

Corporate and M&A

Work highlights 

Advised Asia Pacific Potash Corporation, a subsidiary of Italian-Thai Development, on the $400 million sale of a 49.9% stake in APPC Holding Company to SDIC Mining Investment's subsidiary Long Jia Industrial Development in October 2024. This landmark mining deal represents one of the largest Chinese state investments in Thailand's natural resources sector. 

Key clients 

Asphere Innovations, Mitsubishi UFJ Financial Group, Nordic Transport Group 

Insurance

Work highlights 

Advising Thai General Insurance Association on establishing an industry-wide data-sharing framework to enable standardised exchange of underwriting and claims information between insurers. The pioneering initiative requires developing comprehensive data-sharing agreements and compliance protocols that balance operational efficiency with data protection requirements. This transformative project will create Thailand's first coordinated insurance data ecosystem to enhance risk assessment capabilities and claims processing across the sector. 

Key clients 

AIA, Dhipaya Insurance, Prudential 

Technology and telecommunications

Work highlights 

Advised MUFG and Krungsri Finnovate on their $195 million investment in Ascend Money, Thailand's largest digital payment and financial services provider with 30 million active users, in June 2024. The cross-border investment by the Japanese financial institutions aims to advance digital finance growth and financial inclusion in Thailand, where Ascend Money operates under the backing of CP Group. This landmark fintech deal highlights growing Japanese institutional investment into southeast Asian digital payment platforms and the increasing consolidation of Thailand's fintech sector.