Parama Saovabha.jpg

Parama Saovabha

Partner

Practice Area:

Mergers & Acquisitions
Banking & Finance
Commercial Litigation
Project Finance

LL.M. in Taxation, New York University
Juris Doctor, Michigan State University, (Magna Cum Laude)
B.S. in Economics, University of Wisconsin – Madison

T +66 2656 1991 ext 201
E [email protected]

Parama is a partner in the Bangkok office of R&T Asia (Thailand) Limited. Parama received degrees from highly respected institutions in the U.S. and has prior work experience with one of the major professional firms in New York City.

Experience

Prior to joining Rajah & Tann, Parama worked for one of the major professional firms in New York city for 3 years and the Bangkok office of a U.S.-based international law firm for 4 years. He has experience in a broad range of legal practices, including M&A, capital markets, banking and finance, and general corporate matters. He has represented major Thai and foreign companies and financial institutions in several domestic and inbound transactions, including acquisitions and financings.

Transactions of significance include acting for:

Banking / Financing / Project Financing
  • Petrochemical company incorporated as a joint venture between a major Thai petrochemical company and a large Japanese multinational conglomerate in relation to the financing of its downstream petrochemical project, as well as other aspects of project financing, such as EPC contracts and offtake/supply contracts.
  • A 64.7 MW hydroelectric power project in Lao PDR in relation to the implementation of the EPC Contract, as well as the implementation of its project financing arrangement.
  • State Railway of Thailand on the development of a standard rail project in Thailand under the framework of cooperation between the Thai government and the Chinese government.
  • Japanese offshore supplier of equipment for the combined cycle power plant project in Thailand in relation to a potential dispute with the project owner under an EPC contract.
  • Thai subsidiary of a leading manufacturer of tank trailers, oilfield equipment and related components used in the oil and gas industry on a US$ 8 million term loan facility and multiple trade facilities to be provided by Kasikorn Bank Public Company Limited to finance its business operation and outbound dividend.
  • Thai subsidiary of a major U.K. financial institution on a US$15 million term loan facility to be provided to Regional Container Lines Public Company Limited for the refinancing of the existing term loan for the acquisition of two Thai-flagged vessels.
  • Thai subsidiaries of a U.S.-based logistics company on a trade financing facility (i.e., bill of exchange discounting arrangement) with The Hongkong and Shanghai Banking Corporation Limited, Bangkok Branch.
  • A major Thai bank on a US$100 million credit facility to Energy Earth Public Company Limited to finance the acquisition of the mining concession rights of its subsidiary in Indonesia.
  • A major Thai bank on a THB 1.5 billion credit facility to major shareholders of Energy Earth Public Company Limited to acquire publicly traded shares on the Stock Exchange of Thailand.
  • A major Thai bank on a US$13.5 million credit facility to Precious Shipping Public Company Limited and its subsidiaries to finance pre-delivery payment for the purchase of new vessels.
  • A syndicated group of Thai banks on the financing for the development of several solar farm projects in Thailand.
  • An international financial institution on the provision of a US$ 200 million credit facility to a major Thai bank as part of a flood relief program to Thai small-to-medium enterprises that were flood-affected in late 2011.
  • A syndicated group of Thai banks on the provision of a multi-currency credit facility (equivalent to THB 18,750 million) granted to a major Thai shipping company and its subsidiaries to acquire several new vessels.
  • A major Thai bank on the US$50 million credit facility to a major Thai shipping company and its subsidiaries to acquire several new vessels.
  • Several foreign banks on the provision of a corporate guarantee provided by a Thai parent company to guarantee debt obligations of its foreign subsidiaries.
Corporate / M&A
  • Engineering company in the U.K. on the potential acquisition of a minority interest in one of the major developers of wind farm projects in Thailand.
  • Singaporean state-owned fund in relation to the sale of an approximately 21% stake in the largest telecommunication company in Thailand, including advising on a mandatory tender offer of the target company’s shares under the Thai securities laws, a voluntary tender offer of its subsidiary’s shares, and Chain Principle Rule.
  • Thai subsidiary of a European-based multinational telecommunications company on the purchase of the electronic payment businesses from an affiliate in Thailand, as part of the group restructuring.
  • Investment company based in Singapore on the sale of a portion of its holding in a major telecommunications company listed on the Stock Exchange of Thailand to a major telecommunications company listed on the Singaporean stock exchange.
  • A major telecommunications company in Thailand to negotiate contracts with various vendors for the purchase of major equipment to improve the client’s telecommunications system and network.
  • A major Glass manufacturer in Thailand to negotiate the power supply agreement with Nong Khae Cogeneration Company Limited, a subsidiary of Gulf Cogeneration Company Limited.
  • A major Glass manufacturer in Thailand to negotiate the natural gas supply agreement with PTT Public Company Limited.
  • A major Japanese electric power company on (i) the acquisition of a 20% equity interest in two wind farm projects in Thailand in a project financing transaction and (ii) the acquisition of a 49% equity interest in several solar farm projects in Thailand.
  • International financial institution on: (i) the acquisition of a 20% equity interest in a market-leading developer of solar farm projects in Thailand; and (ii) the acquisition of a 20% equity interest in a Singapore holding company which owns and develops several solar farm projects in Thailand.
  • American manufacturer of industrial products on the 100% share acquisition of a Thai manufacturer of industrial compressors.
  • Largest manufacture of asphalt products in Thailand on general corporate and securities law matters.
Dispute resolution / arbitration
  • One of the four major international accounting firms in Thailand in a US$39 million lawsuit brought by a large Australian investment bank who is a creditor of its audit client, based on professional negligence.
  • Thai power company and its affiliates on multiple insurance claims by its customers and their insurance companies for interruptions of power and steam supply.
  • International non-profit organisation in a matter relating to employee fraud and related criminal, bankruptcy and civil proceedings.