Piroon is a Partner in the Corporate & Commercial Practice of Rajah & Tann (Thailand) Limited. Piroon is a licensed Thai lawyer.
Piroon Saengpakdee focuses his practice on project development and finance, including banking and finance, debt restructuring and insolvency, project development as well as employment law matters.
Prior to joining the firm, Piroon spent more than 25 years in international law firms in Thailand. He has represented both major Thai banks and foreign lenders in transactions involving a wide range of industries in Thailand, Lao PDR and Myanmar, including energy and resources, infrastructure, manufacturing, as well as telecommunications and technology companies.
Piroon has substantial expertise in debt restructuring and insolvency proceedings, having advised creditors and debtors in restructurings involving companies in industries and sectors such as telecommunications, infrastructure and real estate. Prior to commencing his private law firm legal career, Piroon spent time with the Council of the State and the Department of Labour Protection.
EXPERIENCE
Real Estate
- Advised a Thai real estate company in selling one of their hotels in central of Bangkok area.
- Advised a Thai real estate company in acquiring a property in Pattaya for a hotel development.
- Advised Thai banks in their financings of a hospital, shopping mall and outlet mall in Bangkok area.
- Advised clients in conducting land search, land zoning and legal due diligence prior to acquisition.
- Advised an aircraft component manufacturer on the review of their lease agreement and service agreement.
- Advised International Bank for Reconstruction and Development (World Bank) and International Finance Corporation on office lease agreements and service agreement.
- Advised a Thai company in selling a hotel in Phuket Province.
- Advised a Thai company in acquiring a hotel in central Bangkok area.
- Advised a Thai company in acquiring a plot of lands to construct a condominium in Chao Praya river area.
- Advised a Thai company in acquiring factories in Pathumthani Province and Khon Kaen Province.
- Advised a Thai company in verifying zoning of the purchased land according to the latest City Plan Act.
- Advised a financial institution in the UK on providing financial support to a shopping mall in Thailand.
- Advised an aircraft component manufacturer on the review of their lease agreement and service agreement.
- Advised a leading US glass manufacturing company on office lease agreement and service agreement in central Bangkok area.
Project Development
- Assisted the State Railway of Thailand with the preparation and negotiation of a design-built agreement worth approximately more than THB 50,000 million to be entered into by the State Railway of Thailand and the international contractor representing the foreign government in relation to one of the first two high-speed rail projects in Thailand.
- Assisted the Royal Thai Navy in connection with the U-Tapao International Airport Project, a new airport designed to host international airlines in Thailand. The scopes of works are drafting and reviewing of the public-private partnership agreement for the development, construction, operation and maintenance of the U-Tapao International Airport Project, including the review of the RFP, biding documents and providing legal advice with regard to the Eastern Special Development Zone Act and relevant regulations.
- Advised on utility procurement (i.e., waste water, ICT, electricity, potable and recycled water) for the One Bangkok Development Project.
Banking & Finance
- Advised a major Thai bank on financing of various business ventures including various financings of a payphone project in Thailand, a flight services provider, an air ground handling company, a hospital group, an automotive assembly plant, an energy company, and a brick and tile manufacturer.
- Advised a government bank on financing of various business ventures associated with real estate, hospital and services.
- Advised a Thai bank on the provision of finance to a green power project.
- Advised a Thai Bank, the lead arranger on the THB 7 billion financing of a telecommunications company.
- Advised a Thai bank on the provision of finance to a subsidiary of a major Thai conglomerate in China.
- Represented a commercial bank in financing of an airline company for its ground and handling service.
- Advised the lead arrangers on the provision of finance to a major mobile telecommunications company in Thailand.
- Advised lenders on the provisions of finance to a Thai petroleum pipeline company, a seafood storage company, a group of hotels and resorts, an alcoholic beverages company, and an international terminal operator, among others.
- Advised a listed tollway operator on its financing and bond issuance.
- Advised a solar energy company on its financing.
- Advised a Thai steel company on its financing.
- Advised a Thai bank on the debt restructuring of a major Thai public listed company.
- Advised a foreign creditor and a group of Thai banks on the restructuring of a Thai public listed manufacturer.
- Advised a Singaporean bank on the review of their treasury advances agreement and issuance of debentures.
- Advised a Thai bank on their uncommitted revolving loan facility agreement and guarantee agreement.
- Advised a state-owned Thai bank on a range of their banking products.
- Advised a world’s leading lens manufacturer on the review of financial documents to be entered into with a Thai bank.
- Advised a Japanese bank on their potential financing business in Thailand.
Banking & Finance and Corporate / M&A in Lao PDR
- Advised a commercial bank in Lao on their financing of a casino project.
- Advised Thai banks on their financing of a major Thai conglomerate.
- Advised a project owner regarding a special commercial and economic zone.
- Advised a major Thai conglomerate on their agricultural business.
- Advised an electricity-transformer manufacturer (a listed company in Thailand) regarding their investment.
- Advised Thai banks on their financings of various projects and companies, including a duty-free shop project, an import/export company, a car distribution company, an auto leasing company, a logistics company, and a packaging and bottling business, among others.
- Advised Thai banks on preparing their standard forms of banking and commercial transaction.
- Advised a Thai bank (Vientiane Branch) regarding a land and building lease agreement.
Banking & Finance and Corporate/M&A in Myanmar
- Advised a Thai bank on their pre-financing of a submarine cable business in Myanmar, Thailand, Malaysia and Singapore.
- Advised Thai banks on their financing of a major Thai conglomerate in doing their agricultural business in Myanmar.
- Advised a listed company in Thailand regarding their biomass power project in Myanmar.
Debt Restructuring & Insolvency
- Advised creditors on a loan restructuring agreement in respect of a Thai listed telecommunications operator.
- Advised on the business reorganisations of various companies, such as Narong Seafood Company Limited; PAE (Thailand) PCL; Sand & Soil Company Limited and three of its subsidiaries; Sino-Thai Engineering & Construction PCL; STA Group PCL; Thai Petrochemical Industry PCL; Inter Far East Engineering PCL and Unicord PCL.
- Advised International Bank for Reconstruction and Development (World Bank) and International Finance Corporation on commercial agreements.
- Advised the Singapore branch of a worldwide financial institution on the filing of an application for debt repayment in the business reorganization of Thai Airways International Public Company Limited.
- Advised creditors on a loan restructuring agreement in respect of a transportation company.
- Advised creditors on a loan restructuring agreement for a real estate developer.
- Advised creditors and the committee for the amendment to the business reorganisation plan of a real estate developer.
- Advised a leading Japanese IT company on the filing of an application for debt repayment in the business reorganisation of Thai Airways International Public Company Limited.
- Advised a state-owned Thai bank on the filing of an application for debt repayment in the business reorganization of Thai Airways International Public Company Limited.
- Advised a worldwide project management consulting company in relation to a claim and an application for debt repayment in the business reorganisation of a Thai real estate developer.
Employment
- Advised various multinationals and Thai conglomerates on employment law issues in Thailand, including employment contract, termination of employment, disputes and the preparation of work rules.
- Advised a worldwide lubricant company on labour and employment regulations.
- Advised a Singaporean securities company on their employment matters.
- Advised a Dutch leading paints and coatings company on their labour dispute.
- Advised a leading US glass manufacturing company on employment issues during COVID-19 situation.
- Advised a Thai insurance company on their employment matters.
Data Protection
- Advised a duty-free shop on compliance with personal data protection provisions.
- Advised a worldwide lubricant company on compliance with personal data protection provisions.
Others
- Advised a leading US glass manufacturer on their electricity and gas purchase agreements.
- Advised a leading Dutch paints and coatings company on their corporate matters.
- Advised a leading automotive dealer in Thailand on the cooperation with Chinese partners to import, assembly and sell electric vehicles in Thailand.
MEMBERSHIPS / DIRECTORSHIPS
- Member, Thai Bar Association
PUBLICATIONS
- Contributor, “Legal Updates: Thailand’s Virtual Banking Licenses: New Guidelines Released”, AMCHAM Thailand Thai-American Business (May 2024)
- Contributor, “Guide to Lending and Security in Southeast Asia”, Lexology (Apr 2024)
- Contributor, “A Guide to Renewable Energy in Southeast Asia”, Lexology (Mar 2024)
- Contributor, “Regional Round-Up 2023 (Year in Review Edition): Thailand”, Lexology (Feb 2024)
- Contributor “Guide to Sustainable Financing in Thailand”, Chambers and Partners (2022)