Commercial property transactions

•  Acting for foreign purchasers taking a 49% shareholding in a Thai group of 12 property companies, conducting full due diligence and drafting/reviewing the contractual documentation (transaction value US$50 million)

•  Acting for foreign purchasers taking a 13% shareholding in the parent public company of the property group referred to above, drafting/reviewing the contractual documentation (transaction value US$50 million)

•  Acting for a foreign purchaser acquiring 25 luxury condos subject to existing tenancies, conducting full due diligence and drafting/reviewing the contractual documentation

•  Advising a Phuket based property developer, reviewing its current structure for sale/leasing of property, and its standard documentation for purchasers

•  Acting on retainer basis for the owner of a major office building in Bangkok, including advising on all legal issues relating to lease, services agreements and other agreements.

Selected hotel transactions

•  Acting for the Thai seller of two internationally branded hotels in China, including drafting the sale and purchase agreement and advising on tax issues (transaction value Baht 2.8 billion).

•  Acting for a Thai company purchasing a 70% interest in a hotel in the Maldives (70% share - US$30 million)

•  Acting for a Middle East fund developing two four star hotels and one five star hotel on Koh Samui. Primary role included advice relating to the structure of the development project, advice on regulatory compliance regarding licenses, employment issues and land development matters

•  Acting for the potential buyer of a hotel in Phuket from a Thai bank as mortgagee, including advice on all issues regarding tax, land transfer and dealing with the bank (transaction value Baht 1.8 billion)

•  Acting for new investors and drafting a Consortium Agreement for them to join a developer building a 76-unit serviced apartment building, and advising them in relation to a draft Management Agreement appointing a professional manager for the building.

•  Advising a five-star Bangkok hotel, renegotiating its Management Agreement and re-branding with an international hotel management group

•  Acting for the buyers of two empty hotels from the Thai bank mortgagee, and drafting a Shareholders Agreement for the acquisition and future management of the hotels (transaction value US$4 million)

•  Acting for a property group taking a 33% interest in a company that had already acquired a large plot of land in Pattaya for development as a 200 room hotel, carrying out due diligence on the land and the existing company, and drafting a Shareholders’ Agreement to suit the parties’ requirements.

•  Advising the developers of several five star hotels and resorts in Bangkok, Cha-am, Phuket and Koh Samui, advice on the structure of the development project, regulatory compliance concerning licenses, employment and land development matters, and since management was to be contracted out, negotiating a Management Agreement with a hotel management company.

Conveyancing for individual purchasers

•  We can advise individual foreign purchasers on the freehold or leasehold structures offered to acquire individual residential units.

•  In particular, we have acted for purchasers acquiring units in the developments referred to below in Bangkok or elsewhere, and are thus familiar with the ownership structure and terms and conditions of sale in those projects.

• Andara Residences
• The Met
• The River
• The Legend
• The Sukhotai residences
• Domus
• L & H Villas, Bangkok
• Jumeirah Private Residence, Phuket
• Sai Taan Villas, Phuket

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