2022 Proves To Be Another Successful Year for Latham’s Thailand Practice

March 31, 2023
Firm advises on a number of landmark deals in Southeast Asia, including the two largest IPOs in Thailand.

Latham & Watkins’ Thailand Practice enjoyed another successful year in 2022. The firm advised on a number of landmark transactions across a variety of industries, including the US$1 billion IPO of Thai Life Insurance on the Stock Exchange of Thailand (SET), the largest IPO in Southeast Asia in 2022, and the US$588 million IPO of i-Tail Corporation, the second largest IPO on the SET in 2022 and the largest IPO in the food and beverage sector in the history of the Thai stock market, and was also ranked in Band 1 for Thailand Corporate & Finance by Chambers Asia Pacific.

A selection of other noteworthy transactions on which the firm advised in 2022 includes: 

  • Betagro Group, one of Thailand’s largest agro-industrial and food companies, on its US$464 million IPO on the SET
  • PTT Global Chemical Public Company on its US$556 million Global Medium Term Note Program 
  • Thai Oil on its US$333 million rights offering of 214,953,271 New Ordinary Shares listed on the SET
  • Charoen Pokphand Foods on the privatization of C.P. Pokphand, a Hong Kong listed company, by way of a scheme of arrangement for a total consideration of approximately US$900 million

Latham’s Thailand Practice has been advising clients — including all major banks, as well as multinationals and investors active in Thailand — for more than 20 years. The firm’s Thai-speaking team brings an intuitive understanding of the geopolitical and cultural nuances of doing business in Thailand. Drawing on this local know-how, strong relationships with firms on the ground, and Latham’s global platform, the firm’s lawyers deliver innovative and practical solutions to the most complex transactions in the country and across the greater Mekong region.