Next Generation Partners

Leading Associates

Restructuring and insolvency in Thailand

Baker McKenzie LLP

Large debt restructurings, divestments and acquisitions of distressed businesses, fund raising and protection of creditors rights are typical mandates for Baker McKenzie LLP's practice. Sectors of focus include retail, energy, manufacturing, transport and financial services. Co-head Wynn Pakdeejit is a reputed litigator with notable expertise in debt restructuring proceedings. Fellow co-leader Paralee Techajongjintana boasts significant experience in financial restructurings and matters concerning stakeholders’ rights under bankruptcy and business reorganisations. Yada Yuwataepakorn is a name to note for crisis management, while Karnsuda Oue-Amornrat‘s expertise lies in financial restructuring and business reorganisations.

Responsables de la pratique:

Wynn Pakdeejit; Paralee Techajongjintana


Autres avocats clés:

Yada Yuwataepakorn; Karnsuda Oue-Amornrat


Les références

‘It’s very helpful to be able to have expert advice in a timely manner.’

‘Paralee Techajongjintana and Karnsuda Oue-Amornrat are professional.’

Principaux dossiers


DLA Piper

Lauded for its ‘excellent skills in commercial negotiations‘, DLA Piper acts for major banks, financial institutions, bondholders, funds, corporate borrowers and lenders in the entire range of restructuring and insolvency matters. The group is active across an array of sectors, including aviation, financial services, construction, real estate, energy and manufacturing, and handles a mix of financial restructurings, turnaround and special situations, investigations, litigation and enforcement mandates. Practice head Waranon Vanichprapa is highly skilled in the area of restructuring and bankruptcy, as well as financing transactions. Komson Suntheeraporn has significant experience acting for creditors in court-supervised rehabilitation proceedings. Renowned litigator Don Rojanapenkul advises on a broad range of contentious insolvency matters.

Responsables de la pratique:

Waranon (Warren) Vanichprapa


Autres avocats clés:

Komson Suntheeraporn; Don Rojanapenkul; Timothy Tan


Les références

‘The team has a strong service-oriented mindset, possesses excellent skills in commercial negotiations, and is good in legal matters.’

‘Waranon Vanichprapa excels in providing advice and finding solutions in complex financing transactions, demonstrating excellent skills in both commercial negotiation and compromise. He pays attention to detail and is good in problem-solving. He possesses a keen understanding of client expectations.’

‘Quick and willing to work to tight deadlines.’

Principaux clients

The Siam Commercial Bank Public Company Limited


Bank of Ayudhya Public Company Limited


Stark Corporation Plc and its subsidiaries


Deutsche Bank, Hong Kong Branch


Tata Steel UK


Platinum Partners Value Arbitrage Fund


SSG Capital


BlackRock


Clearwater Capital Partners


Principaux dossiers


  • Advising an aircraft engine manufacturer on the rehabilitation process and debt repayment of Thai Airways.
  • Advising a commercial bank in Thailand on the debt restructuring in respect of the construction and development of a luxury hotel in Myanmar.
  • Advising a financial institution on the restructuring of convertible debentures issued by a well-known in Thailand.

Chandler Mori Hamada Limited

Coined the ‘experts in aviation‘, Chandler Mori Hamada Limited has acted for several creditors on restructuring and insolvency matters concerning airlines which have been impacted by the COVID-19 pandemic. Nathee Silacharoen specialises in dispute resolution, while Tawatchai Boonmayapan advises creditors and debtors on a range of insolvency and debt rehabilitation issues. Waree Shinsirikul extensive experience in bankruptcy proceedings. All aforementioned practitioners oversee the department alongside Seiji AkimotoTip-apa Limvichai and V. Joseph Tisuthiwongse.

Responsables de la pratique:

Nathee Silacharoen; Seiji Akimoto; Tawatchai Boonmayapan; Tip-apa Limvichai; V. Joseph Tisuthiwongse; Waree Shinsirikul


Les références

‘The team is well-resourced and the balance between partners and senior associates who can work independently is good.’

‘The experts in aviation in Thailand.’

‘They provide practical solutions to clients combining both a commercial and a legal perspective. They understand the clients’ needs. The ability to provide clear and practical advice to clients, explaining legal options and potential outcomes in a way that clients can understand sets the firm apart.’

Principaux clients

Avolon Aerospace Leasing Limited


CIT GROUP FINANCE (IRELAND) UNLIMITED COMPANY


Macquarie Aircraft Leasing Services (UK) Limited


Principaux dossiers


  • Representing and acting for Macquarie Aircraft Leasing Services (UK) Limited in relation to the debt restructuring and business rehabilitation process of its Thai debtor, Thai AirAsia X Co., Ltd.
  • Acting for many lessor creditors of TAAX in relation to its debt restructuring, including the Avolon group.

Tilleke & Gibbins

Tilleke & Gibbins assists creditors, debtors and other stakeholders with debt repayment applications in the context of business rehabilitations and bankruptcy proceedings. Cynthia M. Pornavalai, John Frangos and Thawat Damsa-ard all jointly lead the practice. Pornavalai is highly regarded for her bankruptcy, restructuring and insolvency expertise, while Damsa-ard is a reputed litigator with extensive experience representing creditors in the aviation sector.

Responsables de la pratique:

Cynthia M. Pornavalai; John Frangos; Thawat Damsa-ard


Principaux clients

American Express


Carlyle Aviation


Collins Aerospace, a Raytheon Technologies company


Dnata Catering


Euler Hermes


General Motors Thailand and General Motors Powertrain


Pratt & Whitney


Principaux dossiers


Weerawong, Chinnavat & Partners

Weerawong, Chinnavat & Partners assists clients with pre-litigation and litigation matters, as well as in-court and out-of-court restructurings. Practice head Natthida Pranutnorapal is regularly seen working on large corporate restructurings, while Thanawan Kirdsinsap has extensive experience in business rehabilitation cases.

Responsables de la pratique:

Natthida Pranutnorapal


Autres avocats clés:

Suntus Kirdsinsap; Weerawong Chittmittrapap; Thanawan Kirdsinsap


Principaux clients

Sahaviriya Steel Industries Public Company Limited


Triple T Broadband Public Company Limited


Sahaviriya Plate Mill Public Company Limited


Pace Development Corporation Public Company Limited and Dean & DeLuca Inc.


Thai AirAsia X Company Limited


Soneva (Thailand) Company Limited


Tantakit Company Limited


Italian-Thai Development Public Company Limited


Apex Development Public Company Limited


Bazis Development Company Limited


Syn Mun Kong Insurance Public Company Limited


Principaux dossiers


Kudun & Partners

Kudun & Partners‘ restructuring and insolvency practice fields specialists in business reorganisations, debt restructurings, bankruptcy proceedings and in the protection of debtor and creditor rights. Somboon Sangrungjang, who focuses on contentious issues, and Saravut Krailadsiri, a name to note for the oil and gas sector, jointly oversee the group. Niruch Winiyakul is also highlighted for his dispute resolution expertise. Former co-head Peerapong Pornpipatkul left the firm in April 2024.

Responsables de la pratique:

Somboon Sangrungjang; Saravut Krailadsiri


Autres avocats clés:

Niruch Winiyakul; Kongwat Akaramanee


Principaux clients

SITEM Corporation Company Limited


Country Group Securities PCL.


Volvo Group (Thailand) Co., Ltd.


Sino-Thai Engineering and Construction Public Company Limited


Shenzhen Airport Co., Ltd.


Shenzhen Cargo International Co., Ltd.


Shenzhen CTI Pest Management Co., Ltd.


Zipmex Thailand Limited


Chulalongkorn University Savings Cooperative Limited


PTT Saving and Credit Cooperative Limited


The Thai Red Cross Society Saving and Credit Co., Ltd.


Principaux dossiers


  • Appointed as the legal counsel of the creditors’ committee, representing every creditor in Thai Airways rehabilitation proceedings.
  • Representing Sino-Thai Engineering & Construction Public Company Limited in a restructuring initiative encompassing 14 subsidiaries and associated private and public listed companies.
  • Assisted and acted for Zipmex Group in a cross-border restructuring process in Singapore court dealing with Thai creditors in relation to such restructuring, with accusations from the Thai SEC and other Thai authorities in respect of restructuring and digital assets regulations compliance, and disposal of its shares to a potential investor who aims to acquire majority of Zipmex Thailand’s shares through M&A process.

Siam Premier International Law Office Limited

Siam Premier International Law Office Limited is noted for its experience in assisting creditors, debtors and administrators with contentious insolvency and bankruptcy proceedings, business reorganisations and debt restructurings. Co-chair Bancha Wudhiprecha specialises in debt restructuring, while fellow co-head Maythawee Sarathai in bankruptcy proceedings and business reorganisations. Somchai Yungkarn is also a key contact within the practice.

Responsables de la pratique:

Bancha Wudhiprecha; Maythawee Sarathai


Autres avocats clés:

Somchai Yungkarn


Principaux dossiers