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Legal Services
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Real estate and construction
Foreign and domestic investment in Thailand’s real estate sector is growing at unprecedented rates and Weerawong C&P is at the forefront of this growth – our lawyers have advised Thai and international clients on many of the largest and most innovative real estate transactions in the Thai market.
We represent developers, owners, private and institutional investors, investment funds, lenders and underwriters in the acquisition, development, construction, management, operation, leasing and financing of all types of real estate assets.
Clients turn to Weerawong C&P to advise on complex real estate projects in Thailand because they know that we have the breadth of legal expertise needed to help them successfully complete their most challenging deals. Our Thai real estate practice encompasses not only real property law but also tax, joint ventures, banking, structured finance, securities, dispute resolution, acquisition and disposition structuring, bankruptcy and environmental law.
We also regularly liaise with Thai government authorities in connection with land use rights, mortgage registrations, hotel and other licensing matters, obtaining and maintaining construction, environmental and other property-related permits, title deed ownership issues, as well as general planning and construction-related regulation and compliance.
We have helped clients in connection with investments in and financings of a variety of real property asset classes, including office properties, hotels and resorts, shopping centers and other retail properties, condominium properties, industrial properties, multifamily properties and mixed-use properties. We provide both local and international clients with Thai law advice and state-of-the-art transaction structuring advice.
Weerawong C&P is a recognized authority on all legal aspects of engineering, procurement and construction projects: bid documents, negotiations, financing, joint ventures, agency agreements, construction contracts and construction management agreements. Where it is necessary to resolve disputes, we represent clients in international conciliation and arbitration. Because disputes frequently arise in the construction industry, a significant portion of our construction practice is concerned with contractors’ or owners’ claims and the resolution of disputes. We have represented clients in hundreds of institutional arbitrations under the auspices of established arbitral institutions. We have also advised clients in relation to arbitrations conducted under Thai arbitration rules.
Some of our recent experience includes the following high profile deals:
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Representation of AAPC (Thailand) Limited, an affiliate of ACCOR Group, in connection with into a joint venture with Dubai-based Al Raya Limited and the acquisition by the joint venture of the Sofitel Grand Sukhumvit from Natural Hotel Sukhumvit Co., Ltd. The deal value is Baht 575,300,000
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Representing Asia Debt Management Hong Kong Ltd. (ADM) in connection with the acquisition of 62.50% of shares in Pacific Assets Plc., the majority shareholding interest of which is owned by Natural Park Plc. The amount of deal value is Baht 993.60 million (approx. US$28.39 Million)
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Representation of Gaysorn Holding Company Limited in their acquisition of Amarin Plaza, through the purchase of 100% shares in Erawan Rajprasong, the operator of Amarin Plaza, from The Erawan Group. The deal value is US$ 11.5 million
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Representation of Major Development Public Company Limited in its joint venture with AIG Real Estate Investment (Asia) in a condominium construction project in Bangkok. The amount of deal value is Baht 3,000 million (approx. US$ 88.24 million)
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Representation of Preuksa Real Estate Public Company Limited in its issuance and sale of its 5% shares to Thailand Equity Fund simultaneously with its initial public offering
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Representation of Real Estate Capital Asia Partners, L.P. (RECAP), a private real estate fund, in connection with its acquisition of the Jungceylon Project in Patong Beach, Phuket
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Representation of Sansiri Public Company Limited in acquiring the “Sofitel Silom” Hotel Project from Richee Intertrade Company Limited through an acquisition of shares in the owner company. The deal value is US$ 27.45 million
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Representation of TCC Capital Land Limited (TCCCL) in connection with the acquisition of shares in Metropole Phuket Co., Ltd. from its major shareholders. The amount of deal value is Baht 440 million (approximately: USD 13.75 million)
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Representation of City Development Ltd. (CDL), one of Singapore’s largest property developers and hotel owners, in a transfer of investment in the Millennium Hilton Hotel Bangkok in conjunction with joint venture partners, Westbrook Fund. The aggregated transaction value is approx. USD 66.934 million
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Representation of City Development Ltd. (CDL) in connection with the acquisition of Exchange Tower, the 41-storey commercial building located in the central business area of Bangkok
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Representation of LaSalle Investment Management (Asia) Pte., Ltd. in connection with its sale of Siam Resorts Co., Ltd. and Siam Resort Fund, the owners of the Crowne Plaza Resort & Spa in Karon Beach, Phuket, to Kingdom Hotel Investments Investments
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