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DLA Piper (Thailand) Limited

47/F UNIT 4707, EMPIRE TOWER, SOUTH SATHORN ROAD, BANGKOK 10120, THAILAND
Tel:
Work +66 2 686 8500
Fax:
Fax +66 2 670 0131
Email:
Web:
www.dlapiper.com

Timothy Tan

Tel:
Work +662 686 8550
Email:
DLA Piper LLP (US)

Work Department

Finance & Projects

Position

Tim's practice focuses on South East Asian finance, debt restructuring and special situation investments. He represents international banks, investment funds and corporate borrowers in debt finance and debt restructuring transactions across Asia, including Indonesia, Thailand, the PRC, India, the Philippines and Singapore. Tim has particular experience in event-driven leveraged finance, including acquisition finance, bridge and pre-IPO financing, mezzanine lending and intercreditor structures, refinancings, rescue finance, and hybrid investments. Coupled with extensive experience with contentious Asian debt restructuring and enforcement situations, Tim is one of the few finance lawyers in the market able to provide holistic risk mitigation and enforcement analysis and structuring advice specific to the legal framework and practical realities in developing countries in Asia.


Indonesia

Foreign firms

Within: Foreign firms

DLA Piper's work in the region includes projects, capital markets and litigation. The practice was bolstered followed the arrival of projects and energy expert Matthias Schemuth from Ashurst LLP; he advised the project sponsors of the development and $3.3bn financing of a coal-fired power station in Java. He also acted for DBS Bank on its $820m financing for Huawei which is investing in a telecoms project in Indonesia in East Kalimantan. Capital markets specialist Joe Bauerschmidt is particularly active in transactions involving the energy industry. He assisted AJBB with Evergreen's attempted rights issue with the client as the standby buyer. Hong Kong-based Carolyn Dong worked with China Shenhua Energy on the development of a 2 x 1000 MW power plant in Java. Bangkok-based Timothy Tan acted for Media Nusantara on its $250m refinancing loan from Deutsche Bank, ING and Standard Chartered Bank. Also recommended is John Goulios, who focuses on international arbitration and litigation.

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Thailand

Banking and finance

Within: Banking and finance

DLA Piper (Thailand) Limited 'has experienced local and regional lawyers, who understand the clients' needs and are able to take a practical approach to get the ball across the line’. The Asia banking practice has expanded significantly in the last three years and the Bangkok team greatly benefits from the firm's regional presence, which ensures a regular flow of cross-border mandates. In one such deal, a cross-office team advised an Indonesian media company as borrower on a $250m refinancing facility arranged by three multinational financial institutions. Banks as well instruct the practice group in connection with situational advisory work and cross-border financing transactions. In another cross-office collaboration, the team advised Deutsche Bank on its $60m new money rescue financing for Australia's Paladin Energy; a deal which also illustrates the strength of the firm's special situations practice. The 'dedicated and commercially minded’ Timothy Tan heads the department and splits his time between Bangkok and Singapore.

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Restructuring and insolvency

Within: Restructuring and insolvency

The 'excellent’ restructuring and insolvency practice at DLA Piper (Thailand) Limited continues to experience strong demand from clients thanks to its strategic investment in this area in Asia since 2014. Its broad expertise in special situations sees it receiving instructions in bank workouts, bond restructuring and rescue financing. Equally significant are the firm's dispute resolution capabilities, which allow it to handle investigations, litigation and asset recovery proceedings in domestic and cross-border cases. From Hong Kong, Mark Fairbairn heads the overall restructuring practice in Asia and is recommended. Timothy Tan heads the Bangkok-based team, which includes litigator Don Rojanapenkul. Tan is acting as part of a cross-office team to advise an Indian company as the creditor in the debt rehabilitation proceedings of a Thai company. He is also taking the lead role in representing a proposed 'white knight' on the debt restructuring and recapitalisation of Royal Chemie Group.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.‚Ä©
    - DLA Piper UK LLP

Legal Developments in Thailand

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