Paul Westover

Paul Westover

T: +852 2533 2755 M: +852 6907 1885 Email Paul | Vcard Office: Hong Kong


Honourable mention - corporate and M&A, Thailand

Honourable mention - corporate and M&A, Thailand


Stephenson Harwood has a well-established Thailand practice. Our team has advised on investments, market-entries, commercial arrangements and disputes for numerous multi-national and domestic clients active in Thailand. We regularly work in collaboration with local Thai law firms.
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We have had a substantial presence in the Southeast Asia region for 21 years. For Thailand, our team has built an enviable reputation in particular sectors such as banking and finance, consumer, shipping, offshore and aviation.

Our market experience combined with the firm's international reach allows us to offer our clients a locally focused high quality service.

Private equity investment

Advising on an investment by a US private equity fund into a Hong Kong holding company of a Thai operating entity. An equity stake was taken by the investor with a view to positioning the company for a likely IPO within four years. Working with a firm in Thailand, our team advised on a share sale, share subscription and a shareholders agreement for the restructured shareholding.

Escape Hunt Group

Advising the Escape Hunt Group, a Thailand-headquartered provider of live ‘escape the room’ gaming experiences, on its reverse takeover of Dorcaster plc, a related equity placing and the re-admission of Dorcaster plc as Escape Hunt plc on AIM.

European Airline

Advising a well-known European airline on outsourcing arrangements in Thailand for cabin staffing for flights to and from Thailand and Europe.

European bank

Advising a European bank on restructuring a loan facility made to a Singapore company which is a wholly owned subsidiary of a Thai listed entity (which also acts as guarantor). The original facility was advanced to finance the acquisition costs of three Singapore flagged bulk carriers and the restructuring involved, in addition to amending the repayment profile and LTV coverage, adding two further Singapore flagged bulk carriers as collateral security.

Thai AirAsia

Advising Thai AirAsia on the purchase by KTB Leasing of one new A320 aircraft and subsequent finance lease to Thai AirAsia.


Advising DNB Bank ASA on a US$398 million syndicated loan to Thai shipping company, involving security over 15 vessels, the syndicate comprising five banks.

Malaysian oil company

Advising an oil company based in Malaysia on the preparation of bid documents for an offshore facility to be installed in the Gulf of Thailand.

Hong Kong listed company

Advising a company listed on the Hong Kong Stock Exchange in connection with a restructuring of various complex commercial agreements entered into by its Thai based manufacturing operations for supply and sale of products and intergroup charging arrangements for services.

LIM Advisors

Advising a Hong Kong-based hedge fund, on various matters including its minority co-investment with CVCI Private Equity and Thai Strategic Capital Management in Wuttisak Clinic Inter Group Company Limited, a leading skincare clinic chain operator in Thailand, Cambodia and Vietnam.

Bangkok Bank Company Limited

Acting for Bangkok Bank Company Limited on a syndicated loan facility to a major shipowner in the post-delivery financing of two dry bulk carriers.

TMB Bank Public Company Limited

Advising TMB Bank Public Company Limited on a post-delivery facility advanced in favour of a major shipowner.

Paul Westover

Paul Westover Partner

T: +852 2533 2755
M: +852 6907 1885 Email Paul | Vcard Office: Hong Kong

© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.