DFDL

Thailand

Analysis

Overview

DFDL maintains a strong presence in the Thai market with an extended regional presence that offers its international clients an integrated service in other nearby jurisdictions. It has demonstrated a competitive edge in the banking and financial services, energy, real estate, and technology and telecommunications sectors. The firm has a dedicated energy, mining and infrastructure practice and received numerous regional power and clean energy project mandates last year. Managing director Audray Souche is known for her expertise in energy, mining, and infrastructure projects as well as diverse experience in corporate and M&A, commercial, regulatory, and banking and finance practice areasThe firm enjoys a stellar reputation in the region as a go-to tax firm with particular strengths in the Bangkok office for wealth management and US tax. Tax specialists Jonathan Blaine and Jack Sheehan are notable. The Bangkok team welcomed its regional real estate and construction head Guillaume Massin from its Cambodia office at the beginning of 2021. 

Client feedback 

The firm has professionalism in REIT knowledge. The staff is available to help and support. – Corporate and M&A 

It is very proactive and provides very timely and accurate guidance on all options available and also the best option for us at any given point of time considering long term impacts. – Corporate and M&A 

“The lawyers are well-aware of the local laws and advise us considering risks involved. Based on their advice we have successfully negotiated with our clients, as well as our employees.” – Corporate and M&A 

“Precise advice and great response time.” – Energy  

The lawyers were very knowledgeable. – Labour and employment 

It is very responsive, commercial and pragmatic. The advice we receive is always well reasoned and takes into account the commercial realities. – Labour and employment  

Vinay Ahuja 

He is very good in relationship management, very proactive and supportive of the business. 

Crisp communications and good knowledge.” 

Vinay has good communication skills, takes all information from clients, organises it and then comes up with a solution. 

Kraisorn Rueangkul 

He is very responsive and with in-depth knowledge of the energy sector. Excellent service. 

He is very responsive and eager to help the client. He is always ready to meet the last-minute demands of clients.” 

Nipaporn Supha-Utchaichan 

I appreciate his ability to understand the queries, concerns and needs of the client as well as the turnaround time. 

 

 
Corporate and M&A

Work highlights 

Advised B Grimm Power Public Company on its acquisition of 100% of Cambodian project company, Ray Power Supply.  

Acted for Validus Investment Holdings on its expansion into Thailand by way of a joint venture with its local partner, SCG Distribution Company.  

Represented 3i Infotech on the sale of its software products businesses globally to funds advised by Apax Partners.  

Key clients 

Indorama Ventures Global ServicesOsotspa Public Company, Supreme Treon

 
Capital markets

Work highlights 

Advised Zipmex Asia and its founders on the issuance of $6 million convertible notes and share warrants to Jump Digital Currencies and other investors.

 
Banking and finance

Work highlights 

Representing a consortium of Thai lenders on its facilities granted to Lao power company, Xayaburi for the development and operation of a hydropower project in the Lao PDR.  

Acted for Korea Development Bank on its $20 million loan to a Lao PDR borrower in the financial leasing industry.  

Advising a consortium of Thai lenders on its loan granted to Xe Pian Xe Namnoy Power for the financing and development of the Xe Pian Xe Namnoy hydropower project in Lao PDR.

 
Construction

Work highlights 

Advised B Grimm as sponsor and project developer of multi-sites solar rooftop projects in the Philippines for a large-scale food manufacturer.  

Acting for Lao-China Power Investment on all aspects of its transmission lines project that connects the existing EDL Electricity network to the Lao-China Railway. This deal is significant because it is the first standalone investment on BOT basis in transmission infrastructure in the country.  

Key clients 

Abt Associates, IFC, TSBP Sekong Power and Mineral Company