Mergers and Acquisitions in Thailand
Thailand is a mature—but idiosyncratic—market for M&A. The corporate law and deal mechanics are familiar to global lawyers and banks, but several Thailand-specific gates and practical realities (competition/merger control, takeover/tender rules, foreign-ownership limits and sector licenses) materially shape how deals are structured, reviewed and closed. This guide covers deal types and structures, the main regulatory checkpoints, transactional mechanics (due diligence, SPA drafting, tax and financing), integration points and a practical checklist for buyers and sellers. 1. Typical deal types and how they’re structured Share purchases (takeovers) — buyer acquires shares in a Thai company (private or listed). Share deals transfer the target’s whole legal entity (contracts, staff, liabilities) and are the usual route for going-concern acquisitions, but they also transfer hidden liabilities. Asset purchases — buyer buys specified assets and (usually) takes limited liabilities....