A Chinese-born Thai citizen, Mayuree is the firm’s head of China Practice. Proficient in Chinese, Thai, and English, her expertise is primarily dedicated to facilitating Chinese investments within Thailand and Thailand investments in China. Her expertise encompasses the provision of astute, business-oriented legal counsel and solutions for a diverse spectrum of ventures, spanning both greenfield and brownfield projects. Her portfolio includes the facilitation of joint venture formations, the establishment of strategic alliances, and the meticulous representation of Chinese investors in matters concerning corporate acquisitions, industrial plant transactions, as well as the intricate negotiation of commercial contracts and agreements.
In addition to her pivotal role in advising both local and Chinese-speaking clientele on numerous high-profile M&A transactions between their respective nations, Mayuree possesses profound proficiency in areas concerning the acquisition and divestiture of equity interests within publicly listed companies. Her expertise extends to capital markets and securities law, encapsulating IPOs, equity offerings, property funds, REITs, infrastructure funds, real estate, banking, and finance across a diverse array of industries.Apart from advising both local and Chinese-speaking clients on multiple significant M&A transactions between both countries, Mayuree is also highly adept in the areas involving the acquisition and disposal of equity interest in listed companies, capital markets and securities law including IPOs, equity offerings, property funds, REITs, infrastructure funds, real estate and banking & finance across multiple industries.
Mayuree’s outstanding performance has earned her a spot on Thailand’s Top 100 lawyers list by Asia Business Law Journal in 2021-2023, as well as recognition as an outstanding lawyer on Asian Legal Business Asia’s 40 Under 40 list in 2021. Clients praise her for being “..a real problem solver and take mission impossible assignments and pull something extraordinary together. She is extremely solution-driven and what is most important is that she puts herself in our shoes when providing advice.”
Languages
Education and Admission
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- LL.M (Honors), University of Southern California, Gould School of Law, USA
- LL.B Major in Business Laws (Honors), Chulalongkorn University, Thailand
Professional Qualifications
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- Notarial Services Attorney, the Lawyers Council of Thailand, 2009
- Member, the Lawyer Council of Thailand, 2007
- Arbitrator, the THAC panel of arbitrators
Awards and Recognitions
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- Recognized as Asia’s Outstanding 40 Under 40 Lawyer by ALB, 2021
- Thailand’s Top 100 lawyers by Asia Business Law Journal, 2021-2023
Publications and Presentations
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- Visiting Professor at the Law School of Shanghai University of Political Science and Law (SHUPL)
- Part-time lecturer on law related subjects at Bangkok Thonburi University, Thailand
- Author of 泰国的土地权证书/ Land Title Certificates In Thailand, January 2020
- Author of Restrictions “Chinese Investors Intent On Big Opportunities In Thailand Should First Bone Up On Foreign Ownership And Transactions With Thai Joint Venture Partners”, Asian Business Law Journal, August 2019
- Author of “Bridging the Thai-Chinese cultural divide”, Asian-mena In-house Community Counsel, Volume 16, Issue 6, 2019
A selection of matters in which Mayuree has been involved include:
Corporate and M&A
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- Representing Pop Mart, a market-leading Chinese retailer of designer toys and character-based entertainment, in its Thailand joint venture project with Minor Group Public Company Limited.
- Representing Hive Box, a world-leading smart locker services provider from China that operates in over 200 major cities with a 24-7 self-service ecological logistic network, in its joint venture with two Thai logistic conglomerates. This includes providing entry strategy and regulatory advisory, such as advising on shareholding structures, ESOP, foreign investment restrictions, FBL and BOI analysis, FBL application, incorporation, and more. The aim is to provide end-to-end parcel delivery services to customers in Thailand.
- Representing a consortium consisting of Opes Callan Limited, Hatton Equity Partners (Thailand) and Japan South East Asia Finance Fund L.P., a private equity invested by Development Bank of Japan, on its acquisition of 100% stake (including project financing) in Microfiber Industries Limited for the total value of THB 1.85 billion (USD 58.6 million).
- Representing Opes Callen as lead counsel with respect to the acquisition of shares in DRJL Group Ltd., a prominent cosmetic brand engaging in manufacturing and distribution business with the brand name, Dr. Jill from the sellers for a total value of THB 2.385 billion (approx. USD 72.88 million). The transaction includes legal due diligence, tax structuring, share purchasing and fund raising, securing offshore project financing and
- Representing SUS Holding Limited, a Hong Kong-based company specializing in the turnkey construction and operation of waste-to-energy power plants, in a significant transaction involving a share purchase agreement and shareholders’ agreement with Super Energy Corporation PCL (SUPER) and its subsidiaries. The transaction also includes amendment and negotiation of the collaboration agreement with the local government.
- Representing LEDI, one of APAC’s largest cross-format and multi-brand family friendly and trendy amusement park, in its Thailand amusement park joint venture project with Siam Piwat.
Country Focus: Chinese speaking clients
Acquisition of Companies and Land
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- Representing Jetion Solar (Thailand) Co., Ltd., a subsidiary of China National Building Materials Group Corporation and Radiant Power Co., Ltd., in a complex cross-border acquisition of 100% shares and debt transfer from Pattanathurakit Co., Ltd., valued at THB 960 million (approx. USD 26 million).
- Advising Huayi, a major Chinese state-owned enterprise that undertakes scientific research projects in advanced materials, on land purchase, construction contracts, regulatory compliance, and related issues for its second phase factory expansion. The expansion involves an annual output of 300,000 all-steel radial tires for large trucks.
Thailand Market Entry and Legal Retainer Service
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- Representing Neta Auto (Thailand) Co., Ltd., a fast-growing and innovative electric vehicle manufacturer from China, in connection with its investment in Thailand, including entry strategy advice and assistance with regulatory and compliance issues.
- Representing Kellogg Asia Marketing Inc. and Pringles International Operations Sarl in connection with their greenfield investment in Thailand.
- Representing CIMC Vehicle (Thailand) in connection with the drafting of shipping service agreement and other corporate issues.
- Providing legal advice and services to MG Sales (Thailand) Co., Ltd. on the application of charging station power sales operating license and coordination with the Office of the Energy Regulatory Commission.
- Representing BYD Auto Co., Ltd., an automotive subsidiary of a Chinese listed company producing battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) in connection with its distributor agreement.
- Providing legal advice for Great Wall Motor’s investment in Thailand, including the company’s general legal compliance issues (labor, operation contract review, etc.) and new energy vehicle business BOI/FBL application analysis.
- Assisting XCMG Leasing (Thailand) Co., Ltd. in the business of rental and leasing of construction machinery in its application for the Foreign Business License (FBL) under category list 3 (21) for providing leasing service of heavy machines and other corporate and investment issues.
- Representing China Energy Engineering Group Shanxi Electric Power Engineering (Energy China) in a consortium with B. Grimm Public Company Limited (a Thai listed company engaging in the energy sector) to build the Electricity Authority of Thailand’s first Floating Solar Project at Sirindhorn Dam combining hydropower and solar power project which is the largest hybrid power generation in the world with the output of 45 MW, the deal worth over THB 842 million (approximately USD 27.7 million).
- Representing Shanghai Electric Group Company Limited, a Chinese multinational power generation and electrical equipment manufacturing company with comprehensive legal advice on its investment in Thailand.
Outbound Investments in Greater China
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- Representing Lalamove, a world-renowned courier and delivery company that offers express delivery services, as Thai counsel in advising on its Thai subsidiary, Lalamove Easyvan (Thailand) Company Limited, in connection with its potential public listing on the Hong Kong Stock Exchange (HKSE).
- Representing Line man (Thailand) Co., Ltd., Thailand’s leading provider of online-to-offline delivery and transportation-support activities services, in its “Wholly Foreign Owned Enterprises” (WFOE) business setup, which involves partial business transfer in China.
Dispute Resolution and Litigation
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- Represented four Chinese creditors—Shenzhen Airport Co., Ltd., Shenzhen Cargo International Co., Ltd., Shenzhen CTI Pest Management Co., Ltd., and Freelly (Shenzhen) Aviation Service Co., Ltd.—in the rehabilitation process of Thai AirAsia X (TAAX), the long-haul low-cost carrier under the AirAsia Group. The creditors filed debt claim applications totaling approximately THB 27 million with the official receiver following the court’s approval for TAAX to enter rehabilitation.
