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Piroon Saengpakdee

Partner

Practice Area:

Banking and Finance
Employment
Project Development
General Corporate Commercial
Restructuring & Insolvency

Bachelor of Law (LL.B.) Thammasat University
Lawyer’s license, Lawyers’ Council of Thailand under the Royal Patronage
Barrister-at-Law, Thai Bar
Master of Law (LL.M.) Southern Methodist University,

T +66 2656 1991
E Piroon.s@rajahtann.com

Piroon is a Partner in the General Corporate Commercial Practice of R&T Asia (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, as well as employment law matters.

Prior to joining Rajah & Tann, Piroon spent more than twenty five 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: 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 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. 

Real Estate
  • Advised a Thai real estate company in acquiring a property in Pattaya for a hotel development.
  • Advised a Thai real estate company in selling one of their hotels in central of Bangkok area.
  • 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 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 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 International Bank for Reconstruction and Development (World Bank) and International Finance Corporation on office lease agreements 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: 
    • THB 20,000 million financing of an auto leasing public company;
    • THB 16,000 million financing communication services company;
    • THB 13,750 million financing of a major shipping company;
    • THB 12,500 million financing of a petroleum company;
    • THB 7,500 million financing of a joint venture company undertaking a coal mining project in Amphor Mae Moh, Lampang Province;
    • THB 6,400 million financing of a sugar company;
    • THB 5,000 million financing of a petroleum company;
    • THB 5,000 million financing of a multinational group of chemical companies;
    • THB 4,700 million financing of a group of hotels and resorts in Bangkok, Hua Hin, Cha-Am, Koh Samui and Phuket areas;
    • THB 3,000 million financing of subsidiaries of a Thai conglomerate in China;
    • THB 3,000 million financing of a Thai manufacturing company;
    • THB 2,200 million financing of a major Thai conglomerate;
    • THB 4,700 million financing of a group of hotels and resorts in Bangkok, Hua Hin, Cha-Am, Koh Samui and Phuket areas;
    • THB 3,000 million financing of subsidiaries of a Thai conglomerate in China;
    • THB 3,000 million financing of a Thai manufacturing company;
    • THB 3,500 million financing of a hospital project in central Bangkok area; THB 2,725 million financing of an outlet mall project in Suvarnabhumi Airport area;
    • THB 2,700 million financing of an outlet mall in Bangkok.
    • THB 2,200 million financing of a major Thai conglomerate;
    • THB 2,000 million financing of an auto-leasing company;
    • THB 1,620 million financing of a shopping mall project in Bangkok;
    • THB 1,500 million financing of a 5-star hotel project in Bangkok;
    • THB 1,320 million financing of a hotel and shopping mall project in Bangkok;
    • THB 1,000 million financing of a hotel business in Chachoengsao Province;
    • 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 the lead arrangers on the provision of finance to a major mobile telecommunications company in Thailand. 
  • 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 green power project.
  • Advised a Thai bank on the provision of finance to a subsidiary of a major Thai conglomerate in China.
  • Advised lenders on the provision of finance to a Thai petroleum pipeline company.
  • Advised lenders on the provision of finance to a seafood storage company.
  • Advised lenders on the provision of finance to a group of hotels and resorts.
  • Advised lenders on the provision of finance to an alcoholic beverages company.
  • Advised lenders on the provision of finance to an international terminal operator.
  • 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 a Thai bank on their financing of a duty free shop project.
  • Advised a Thai bank on their financing of an import-export company.
  • Advised Thai banks on their financing of a major Thai conglomerate.
  • Advised Thai bank on their financing of a car distribution company.
  • Advised a Thai bank on their financing of an auto leasing company.
  • Advised a Thai bank on their financing of a logistics company.
  • Advised a Thai bank on their financing of a packaging and bottling business.
  • 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 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 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 reorganization plan of a real estate developer.Advised on the business reorganizations 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 a leading Japanese IT company on the filing of an application for debt repayment in the business reorganization 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 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 reorganization 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 leading US glass manufacturing company on employment issues during COVID-19 situation.
  • Advised a worldwide lubricant company on labour and employment regulations.
  • Advised a Singaporean securities company on their employment matters.
  • Advised a Thai insurance company on their employment matters.
  • Advised a Dutch leading paints and coatings company on their labour dispute.
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.
Memberships/Directorships
  • Member of Thai Bar Association
  • Lawyers Council of Thailand