Stephen Chojnacki – GC Powerlist
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Thailand 2025

Hotels, restaurants and leisure

Stephen Chojnacki

Chief commercial officer and general counsel | Minor International

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Thailand 2025

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Stephen Chojnacki

Chief commercial officer and general counsel | Minor International

Team size: 45
What are the most significant cases, projects and/or transactions that you and/or your legal team have recently been involved in?

We recently completed a complex structured finance transaction involving the securitisation of our timeshare business’s receivables portfolio—releasing capital to strengthen the company’s balance sheet and support high-return growth initiatives.

In parallel, we are currently structuring a cross-border REIT encompassing our hospitality assets across both Asian and European jurisdictions. Additionally, we are in the final stages of a de-listing process for our Spanish-listed subsidiary.

Have you had any experiences during your career as a lawyer that stand out as particularly unique or interesting?

Minor’s success in recent years has been driven by our ability to assess risk swiftly, make rapid decisions, and execute with efficiency.

In our acquisitions of both Tivoli Hotels in Portugal and NH Hotels in Spain, we faced strong competition from major global hospitality players and private equity firms. We outmanoeuvred them by taking calculated risks and acting decisively. These were exciting and complex transactions that demanded speed, agility, and the ability to leverage our flexibility—enabling us to close the deals ahead of far larger and better-financed rivals.

What do you think are the most important attributes for a modern in-house counsel to possess?

Agility is a key attribute for modern in-house counsel. So many changes are coming to the business landscape and legal profession—partly driven by AI but also by the massive digital transformation happening in the corporate world. In-house counsel needs to be a strong partner to the business to understand and embrace these changes and also to consider how they will change the role of in-house legal teams in the coming years. What are the most significant cases, projects and/or transactions that you and/or your legal team have recently been involved in?

We recently completed a complex structured finance transaction involving the securitisation of our timeshare business’s receivables portfolio—releasing capital to strengthen the company’s balance sheet and support high-return growth initiatives.

In parallel, we are currently structuring a cross-border REIT encompassing our hospitality assets across both Asian and European jurisdictions. Additionally, we are in the final stages of a de-listing process for our Spanish-listed subsidiary.

Have you had any experiences during your career as a lawyer that stand out as particularly unique or interesting?

Minor’s success in recent years has been driven by our ability to assess risk swiftly, make rapid decisions, and execute with efficiency.

In our acquisitions of both Tivoli Hotels in Portugal and NH Hotels in Spain, we faced strong competition from major global hospitality players and private equity firms. We outmanoeuvred them by taking calculated risks and acting decisively. These were exciting and complex transactions that demanded speed, agility, and the ability to leverage our flexibility—enabling us to close the deals ahead of far larger and better-financed rivals.

What do you think are the most important attributes for a modern in-house counsel to possess?

Agility is a key attribute for modern in-house counsel. So many changes are coming to the business landscape and legal profession—partly driven by AI but also by the massive digital transformation happening in the corporate world. In-house counsel needs to be a strong partner to the business to understand and embrace these changes and also to consider how they will change the role of in-house legal teams in the coming years.

Stephen Chojnacki - Southeast Asia 2022

Chief commercial officer and general counsel | Minor International Public Company

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Stephen Chojnacki - Southeast Asia 2024

General counsel and chief commercial officer | Minor International

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Stephen Chojnacki - Thailand 2024

Chief commercial officer and general counsel | Minor International

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Stephen Chojnacki - Thailand 2023

Chief commercial officer and general counsel | Minor International

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Stephen Chojnacki - Southeast Asia 2017

Chief commercial officer and general counsel | Minor International

Widely praised for his skills in mergers and acquisitions and contract negotiations, Stephen Chojnacki currently manages the legal team of Minor International, one of the largest hospitality and leisure companies...

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Stephen Chojnacki - Southeast Asia 2019

Chief commercial officer and general counsel | Minor International

As leader of the Minor International legal function for over a decade, originally joining in 2007, Stephen Chojnacki’s corporate and M&A specialist skills built during a private practice career with...

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