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Thailand > Restructuring and insolvency > Law firm and leading lawyer rankings


Index of tables

  1. Restructuring and insolvency
  2. Leading individuals
  3. Next Generation Partners

Leading individuals

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Next Generation Partners

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Baker McKenzie maintains its position at the top of the market for complex restructuring and insolvency matters. Much of its work is led by the firm's dispute resolution team, which 'is superb at handling the complexities of Thai regulatory and contentious disputes for international clients’. The litigation partners also draw on the non-contentious and sector specific expertise of colleagues across the financial services, M&A, tax and industry groups. The team also stands apart thanks to its broad office network, which allows it to handle large, cross-border reorganisations and restructurings. Its ability to advise all participants – from debtors to trustees – illustrates the comprehensive nature of the practice. Recent highlights include representing the official receiver of a debtor in the recovery of funds held overseas; in the current stage of work, the client is tracing assets in the UK, which is complicated by statute of limitations issues and the complex status of the assets themselves. Recommended partners Wynn Pakdeejit and Paralee Techajongjintana are leading the advice. Piyapong Panyachiva is another contact in the department. His practice takes in debt restructuring and business rehabilitation, litigation and ADR.

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.

With comprehensive knowledge of bankruptcy, insolvency and restructuring processes, Weerawong, Chinnavat & Partners is home to one of the busiest restructuring practices in the country. Its senior litigators have significant experience in high-value and complex cases, and the group is also equipped to handle out-of-court restructurings. The co-heads of the team illustrate its multi-disciplinary nature: Suntus Kirdsinsap has a broad litigation practice, with over 30 years of experience representing companies in myriad industries. In ongoing work, a team led by Weerawong Chittmittrapap is representing a telecoms company in its debt reorganisation, which has involved over $2bn owed to onshore and offshore creditors and created over 20 civil and criminal cases. Litigator Sakchai Limsiripothong is another leading practitioner in the group. At the senior associate level, Natthida Pranutnorapal has accumulated significant experience in this field. Chinnavat Chinsangaram has left the firm to work at the Public Legal Aid Foundation.

Allen & Overy (Thailand) Co, Ltd has a broad restructuring and insolvency offering thanks in large part to its strong banking and finance and corporate practices. On the contentious side, senior consultant Dumnern Subpaisarn has impressive litigation experience and is an expert in Thai bankruptcy and rehabilitation processes. He recently acted for an international company as creditor in a debt repayment claim in the rehabilitation proceedings of a Thai company. Subpaisarn also worked as part of a Bangkok and Hong Kong team to advise a television group as creditor in a claim for unpaid licensing fees from a now defunct company. In other work, the team has been handling a number of non-performing loan (NPL) acquisitions. Stephen Jaggs, Suparerk Auychai and counsel Anchalee Limviriyalers are key contacts. Nithi Laophulsuk has left the firm.

The restructuring and insolvency team at Linklaters is led by managing partner and banking expert Pichitpon Eammongkolchai. Its longstanding relationships with commercial and investment banks make it a popular choice in the event of complex restructurings and workouts. As such, much of its work is on the side of the lenders, though it also acts for corporate clients on restructurings. In recent work, Wilailuk Okanurak and Eammongkolchai acted for International Finance Corporation (IFC) as creditor in a claim concerning the distribution of Finance One's estate; the Supreme Court held that IFC was entitled to THB4bn from the estate. Eammongkolchai also has the lead role in advising Sumitomo Corporation on the potential restructuring of a supply contract with Canadoil, which is negotiated outside of the latter's reorganisation process. At the pre-partner level, counsel Sutthipong Koohasaneh and managing associate Soammaras Ratanavanich are active members of the team.

Mayer Brown has bankruptcy, restructuring and insolvency experts based in key hubs in Asia, including in Thailand. Here, Maythawee Sarathai is the name to note. His practice includes advising banks on court-supervised and out-of-court restructurings, and his ancillary knowledge of investments and M&A – including distressed M&A – is another draw. He, senior associate Kesara Summacarava and colleagues in Hong Kong continued to represent a bilateral lender on the reorganisation of debts owed by Canadoil Pipe and Canadoil Asia.

Utilising the experience of the firm's litigation, corporate and finance lawyers, Siam Premier International Law Office Limited has established a solid restructuring and insolvency practice. Its client base is diverse, spanning creditors, debtors, administrators and liquidators. In 2017 and 2018, corporate partner Linda Osathaworanan and litigator Noppramart Thammateeradaycho acted for a US-based client in filing a bankruptcy case against a Thai company. Elsewhere, Chatchavej Chitvarakorn advised a multinational company on the bankruptcy proceedings of a joint venture partner. The firm also advises on distressed M&A transactions. Bancha Wudhiprecha and Phasunsook Ayanaputra are the practice co-heads.

Watson Farley & Williams (Thailand) Limited has broad coverage in the restructuring and insolvency space, advising on the gamut of insolvency procedures, debt restructuring and reorganisation. Its practice extends beyond Thailand to include cross-border matters, where it can call on insolvency, labour, competition and company law experts from across the firm’s broad office network. The team has particular strength in certain sectors, including energy, real estate and transport. In recent work, aviation expert Alan Polivnick advised an airline on corporate, commercial and debt restructuring issues. Christopher Osborne heads the department; he acts for foreign creditors in Thai insolvency and debt restructuring proceedings. Senior associate Kulkanya Vorawanichar has also developed notable experience in business rehabilitation and loan restructurings.

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