Baker McKenzie LLP has demonstrable experience in debt restructurings, divestment of distressed businesses, devising onshore and offshore fundraising structures and the protection of creditors’ rights, with additional expertise in the consumer goods, energy and manufacturing and transport sectors. The practice is jointly spearheaded by Wynn Pakdeejit, who is noted for his capability in the litigation sphere, and Paralee Techajongjintana, who is well-versed in financial restructuring, stakeholders’ rights under bankruptcy and business reorganisations and litigation in the bankruptcy court. Senior associate Yada Yuwataepakorn excels in commercial litigation, bankruptcy and the enforcement of debts, and fellow senior associate Karnsuda Oue-Amornrat is another key contact in the group.

Entrusted by Thai and international corporates, shareholders and distressed debt and asset purchasers and investors, DLA Piper is noted for its capability in handling contentious issues, with the team regularly involved in investigations, litigation and enforcement cases. The practice is vastly experienced across a range of sectors, including aviation, financial services, real estate, energy and manufacturing. Waranon Vanichprapa leads the team, fielding a diverse practice including all forms of restructuring, while Komson Suntheeraporn routinely advises Thai and multinational clients in domestic and international arbitrations. Don Rojanapenkul’s insolvency experience incorporates commencement through to claims against directors or third parties, and Timothy Tan handles contentious debt restructurings, with recent involvement in advising creditors in relation to the distressed PRC real estate sector.

Chandler MHM Limited's restructuring and insolvency practice advises creditors on claims when companies enter debt rehabilitation, as demonstrated by its advice on the debt rehabilitation of Thai Airways, where the team acted for creditors representing around 25% of the value of the debt claims submitted. The 'practical and responsive' practice is jointly led by Joseph Tisuthiwongse, who specialises in banking and finance, Waree Shinsirikul and Nathee Silacharoen, who are noted for their experience in litigation and alternative dispute resolution.

Representing creditors, corporate debtors, distressed debt purchasers, financial institutions and plan administrators, Kudun & Partners advises on financial restructuring mandates, insolvency proceedings, litigation and distressed M&A. 'Strategic, helpful and responsive' Somboon Sangrungjang co-leads the practice, with demonstrable capability in the dispute resolution and litigation sphere, while team co-head Pariyapol Kamolsilp is noted for his expertise in the steel, mining and telecoms industries. Saravut Krailadsiri, who helms the corporate restructuring practice, is another key contact in the group.

Led by Cynthia M. Pornavalai, John Frangos and Thawat Damsa-ard, Tilleke & Gibbins's restructuring and insolvency practice is well-versed in matters concerning business rehabilitation, distribution of assets amid company closure and managing business renewals. Pornavalai and Damsa-ard’s expertise broadly covers bankruptcy, restructuring and insolvency, with the latter recently achieving success in protecting numerous creditors’ interests in the Thai Airways rehabilitation case.

Weerawong, Chinnavat & Partners's multi-disciplinary service offering includes pre-litigation, litigation, and out-of-court restructurings, as well as assisting with the implementation of local and cross-border negotiations for creditors and debtors. The team has also recently been involved in a variety of rehabilitation work. Practice head Natthida Pranutnorapal has experience in corporate transactions, business reorganisation and insolvency, while senior counsel Suntus Kirdsinsap is adept at managing debt restructurings and bankruptcy proceedings. Senior partner Weerawong Chittmittrapap also remains a key contact in the team.

Leading DFDL Legal & Tax's restructuring and insolvency practice is Audray Souche, Nipaporn Supha-Utchaichan and Kraisorn Rueangkul. The team represents banks, financial institutions, hedge funds, debtors, creditors and other constituencies of distressed situations across the region, with demonstrable experience in the technology, aviation, hospitality and retail sectors. Key undertakings for the practice include insolvency planning, divestment of distressed businesses and enforcing securities.

Bancha Wudhiprecha, Kong Suriyamontol,  Techatat Udomsiri and senior consultant Sumit Masrungson jointly helm Siam Premier International Law Office Limited‘s restructuring and insolvency practice, noted for its capabilities in handling debt for equity and asset swaps, formal and informal restructurings, as well as acquisitions of distressed assets and loan portfolios. Key contact Somchai Yungkarn routinely advises on issues relating to labour and employment, telecoms, banking, and business rehabilitation matters. Maythawee Sarathai joined from Hunton Andrews Kurth LLP in June 2022, bolstering the practice with demonstrable experience in distressed debt matters and foreign investments.

Watson Farley & Williams (Thailand) Limited is principally focused on representing international clients engaged in corporate restructuring for regulatory compliance concerns, as well as handling insolvency and voluntary liquidation proceedings. The team is well-equipped to advise on matters arising out of the aviation, energy and real estate sectors. Piyanuj (Lui) Ratprasatporn leads the practice, and is supported by Ivy Liu. Sydney-based Alan Polivnick is a key contact, contributing his broad capability in handling contentious and non-contentious matters.