Use of cookies by
Norton Rose Fulbright
We use cookies to deliver our online services. Details and instructions on how to disable those cookies are set out at nortonrosefulbright.com/cookies-policy. By continuing to use this website you agree to our use of our cookies unless you have disabled them.

Haruethai Boonklomjit

Senior Associate

Haruethai Boonklomjit

Bangkok

T:+662 205 8514

Haruethai Boonklomjit is a senior associate based in Bangkok.

Haruethai graduated with a Bachelor of Laws degree from Assumption University (with Honours, Magna Cum Laude), admitted as a Barrister-at-Law (Thai Bar Association) and a Master of Laws degree in Commercial Law from the University of Bristol.

Haruethai's area of practice includes corporate and finance work, with an emphasis on mergers and acquisitions, stock exchange and securities exchange-related law, and property fund. She has broad experience of structuring and negotiating acquisitions and joint ventures. Her practice also includes initial public offerings, rights offering, employee stock option plans, legal due diligence, restructuring of shareholdings and general corporate advice.

[+Open all]
  • Representative experience

    Equity Capital Markets

    • Advising The Hongkong and Shanghai Banking Corporation Limited in its role as the escrow agent in the initial public offering of shares by TOA Paint (Thailand) Public Company Limited.
    • Advising The Hongkong and Shanghai Banking Corporation Limited in its role as the escrow agent in the initial public offering of shares by B. Grimm Power Public Company Limited.
    • Advising The Hongkong and Shanghai Banking Corporation Limited in its role as the escrow agent in the initial public offering of shares by Global Green Chemicals Public Company Limited.
    • Advising The Hongkong and Shanghai Banking Corporation Limited in its role as the escrow agent in the initial public offering of shares by Banpu Power Public Company Limited.
    • Advising The Hongkong and Shanghai Banking Corporation Limited in its role as the escrow agent in the initial public offering of shares by Star Petroleum Refining Public Company Limited.
    • Advising TICON Management Company Limited, the Settlor and the REIT Manager on the establishment of TICON Freehold and Leasehold Real Estate Investment Trust (TREIT), the third Real Estate Investment Trust established in Thailand, and the public offering of 342,500,000 units of the trust.  The proceeds of the sale of trust units together with loan from Bangkok Bank PLC were subsequently used to acquire 25 warehouses, 20 factories and associated lands in 10 locations.  The trust units of TREIT were listed on the Stock Exchange of Thailand. The transaction is valued at 4.228 billion Thai Baht (approximately US$ 132 million)
    • Advising SCB Asset Management Company Limited on the establishment of TICON Industrial Growth Leasehold Property Fund, the domestic and international public offering of 555,000,000 investment units by the Fund and the acquisition of 56 factories and warehouses and freehold and leasehold land in seven locations.  The transaction is valued at Baht 6.05 billion (approximately USD 201.67 million).
    • Advising MFC Asset Management Public Company Limited on the capital increase of MFC Industrial Investment Property and Leasehold Fund and rights offering of 75,000,000 investment units by the Fund. The proceeds of the capital increase were subsequently used to acquire 7 factories and land in TFD Industrial Estate and 17 leasehold warehouses in Kingkaew, Samut Prakan Province and extend leasehold land in Laem Chabang Industrial Estate.  The transaction is valued at Baht 750 million (approximately USD 25 million).
    • Advising MFC Asset Management Public Company Limited on the establishment of MFC Industrial Investment Property and Leasehold Fund (Fund), the public offering of 97,000,000 units of the Fund and the acquisition by the Fund of 12 factories and land in TFD Industrial Estate Bangphakong District, Chachoengsao, 2 factories and land in Nava Nakorn Industrial Promotional Zone Klong Laung District, Pathumthani and 18 factories with leasehold rights in land in Laem Chabang Industrial Estate Sriracha, Chonburi. The transaction is valued at Baht 970 million (approximately USD 32.3 million).
    • Advising BBL Asset Management Company Limited, the fund manager of TICON Property Fund, on the 6th capital increase and rights offering of 150,721,940 investment units by the Fund. The proceeds of the capital increase were subsequently used to acquire 27 factories and land in seven locations. The transaction is valued at Baht 1.57 billion (approximately USD 52.4 million).
    • Advising BBL Asset Management Company Limited, the fund manager of TPARK LOGISTICS Property Fund, on the 2nd capital increase and rights offering of 176,300,960 investment units by the Fund. The proceeds of the capital increase were subsequently used to acquire 36 factories and land. The transaction is valued at Baht 1.99 billion (approximately USD 66.6 million).
    • Advising MFC Asset Management Public Company Limited, the manager of MFC Amazing A-la Andaman Property Fund, on the acquisition by the Fund of Phi Phi Island Village Beach Resort & Spa, valued at approximately THB 2 billion (US$66 million).
    • Advised BBL Asset Management Co., Ltd., the fund manager of TICON Property Fund, on the 4th capital increase and public offering of 164,203,200 investment units by the Fund. The proceeds of the capital increase were subsequently used to acquire 35 factories and associated land. The transaction is valued at THB1.78 billion (approximately US$60 million).
    • Advising BBL Asset Management Co., Ltd. and Ticon Logistics Park Company Limited on the establishment and public offering of 153,300,000 units of TPARK Logistics Property Fund and the acquisition by the Fund of 15 factories, including a refrigerated distribution centre.
    • Advising MFC Asset Management Public Company Limited, the manager of the MFC-Strategic Storage Property Fund, on the acquisition by the Fund of approximately US$18 million property portfolio comprising 4 cold storage and warehouse facilities in 4 locations.
    • Advising CIMB Securities (Thailand) Company Limited and DBS Vickers Securities (Thailand) Company Limited, the joint lead managers, on the public offering of 120,000,000 treasury shares of Supalai Public Company Limited, one of Thailand's leading listed real estate companies.
    • Advising CAT Telecom Public Company Limited in the proposed privatisation and its initial public offering including ESOPs.
    • Advising the domestic and international lead underwriters, led by Kim Eng Securities (Thailand) Public Company Limited and Kim Eng Securities Pte. Ltd., in respect of approximately US$96 million initial public offering of Bangkok Metro Public Company Limited, the operator of the Bangkok subway system.  BMCL IPO is the second-largest IPO in 2006, second only to the Rayong Refinery IPO.
    • Advising the Airports Authority of Thailand in relation to its corporatisation and privatisation which included an initial public offering and listing.
    • Advising Merrill Lynch Phatra Securities Company Limited in relation to the initial public offering of Krungthai Card Public Company Limited.
    • Advising Merrill Lynch Phatra Securities Company Limited in relation to the public offering of the Financial Institution of Development Fund's shares in Krung Thai Bank Public Company Limited.
    • Advising Seamico Securities Public Company Limited in connection with the public offering of TPI Polene Public Company Limited.

    Debt Capital Markets

    • Advising Woori Bank, as the issuer, on the issue and offering of three series of THB denominated bonds in Thailand with a total value of THB5 billion. The Hongkong and Shanghai Banking Corporation Limited, Bangkok Branch acted as the lead arranger.
    • Advising The Hongkong and Shanghai Banking Corporation Limited, Bangkok Branch, as the lead arranger, on the issue and offering of THB denominated bonds in Thailand (fourth tranche) by The Export-Import Bank of Korea with a total value of THB7.5 billion.
    • Advising Bangkok Bank Public Company Limited, KASIKORNBANK Public Company Limited and TMB Bank Public Company Limited on the issue of up to THB30 billion (US$1 billion) debentures of Toyota Leasing (Thailand) Co., Ltd., guaranteed by Toyota Motor Finance (Netherland) B.V. under the new Guaranteed THB Debentures Programme.
    • Advising Standard Chartered Bank (Thai) Public Company Limited, Bangkok Bank Public Company Limited, KASIKORNBANK Public Company Limited, CIMB-GK Securities (Thailand) Limited, The Hongkong and Shanghai Banking Corporation Limited and TMB Bank Public Company Limited, as arrangers on the issues of up to THB30 billion (US$1 billion) debentures of Toyota Leasing (Thailand) Co., Ltd., guaranteed by Toyota Motor Finance (Netherlands) B.V. under the Guaranteed THB Debentures Programme.
    • Advising The Hongkong and Shanghai Banking Corporation Limited, as the lead arranger, in the issue of THB bonds by The Export-Import Bank of Korea with a total value of THB3.5 billion.
    • Advising Kim Eng Securities (Thailand) Public Company Limited and KASIKORNBANK Public Company Limited in connection with the issue and offering of secured amortising THB debentures of Vanachai Group Public Company Limited.
    • Advising JP Morgan Chase Bank (the trustee) in connection with the issue and offering of guaranteed amortising THB Debentures of GE Capital Auto Lease Public Company Limited under its medium-term debenture programme.
    • Advising both Government of Singapore Investment Corporation Pte Ltd and Lombard/Asia Private Investment Company LDC in the first ever conversion of a convertible debenture into a Non-Voting Depository Receipt in Thailand.

    M&A/Joint Venture

    • Advising Synnex (Thailand) Public Company Limited, a Thai listed company and one of Thailand's leading computer and IT products distributors, on the joint venture acquisition of approximately 75% of BAF (Thailand) Co., Ltd. which operates a motorcycle leasing business.  The joint venture parties are Com7 Public Company Limited and Mitsui Group.  The total offer value is THB 670.5 million (approximately USD 20.1 million).
    • Advising NFC Fertilizer Public Company Limited on the corporate restructuring necessary to resume trading on the Stock Exchange of Thailand, after exiting its court sanctioned rehabilitation plan, including its acquisition of business from Chemicals and Aromatic (Thailand) Co.,Ltd.
    • Advising WP Energy Public Company Limited on the corporate restructuring necessary to resume trading on the Stock Exchange of Thailand.
    • Advising Capital Advisors Partners Asia Pte Ltd. on its bid to acquire a strategic in a Thai power plant operator.  The sale was conducted via auction.
    • Advising shareholders of Andaman Power and Utility Company Limited, a Thai company which currently operate a power plant in Myanmar with up to 20MW capacity, on the disposal of shares to United Power of Asia Public Company Limited.
    • Advising United Power of Asia Public Company Limited on the relisting of its shares on the Stock Exchange of Thailand and assisting on various corporate secretarial work.
    • Advising Property Perfect Public Company Limited (Property Perfect) on its plan to launch a voluntary tender offer to acquire all shares in Thai Property Public Company Limited (TPOP), by way of a stock swap and cash consideration.  Property Perfect is a Thai listed real estate development company.  TPOP owns approximately 40% of Grande Asset Hotels and Property Public Company Limited (Grand), which operates 4 luxury hotels in various parts of Thailand and is developing 2 condominium projects in Bangkok.  TPOP's assets include 2 office buildings in Bangkok.  After the TPOP takeover, Property Perfect will launch a mandatory tender offer to acquire all shares in Grand.
    • Advising Asia Infrastructure Fund Private Limited in its disposal of the entire issued shares in AIF Toll Road Holdings (Thailand) Limited, a Thai incorporated entity which holds 29.45% stake in Don Muang Tollway Public Company Limited to a Hong Kong incorporated entity. Don Muang Tollway Public Company Limited is a Thai incorporated entity which operates the elevated toll road under a concession granted by the Thai government.
    • Advising SS National Logistics Co., Ltd. on the THB6.4 billion acquisition of 41.54% of shares in Serm Suk Public Company Limited, the exclusive bottler and distributor of PepsiCo Group's beverage products in Thailand.
    • Advising PTT Aromatics and Refining Public Company Limited on its amalgamation with PTT Chemical Public Company Limited, creating a new listed company with the estimate market capitalisation of THB340 billion, ranking fourth on the Stock Exchange of Thailand.
    • Advising True Corporation Public Company Limited on its approximately US$200 million acquisition of Hutchison's mobile telecommunications entities in Thailand.
    • Advising the MFC Energy Fund, a mutual fund managed by MFC Asset Management Public Company Limited, on its THB54.9 million acquisition of up to 24.99% equity interest in L Solar 1 Company Limited, an operator of solar power plant.
    • Advising Ayudhya Capital Auto Lease Public Company Limited, formerly known as GE Capital Auto Lease Public Company Limited, a wholly-owned subsidiary of Bank of Ayudhya Public Company Limited (BAY) on its acquisition of the hire-purchase businesses of Ayudhya Total Solutions Public Company Limited, formerly known as AIG Retail Bank Public Company Limited, Ayudhya Hire Purchase Company Limited and Ayudhya Auto Lease Public Company Limited and leasing business of Ayudhya Capital Lease Company Limited. This was a part of the consolidation of the auto-lease business within BAY group.
    • Advising Babcock & Brown Toll Roads Holdings (Thailand) Limited on its acquisition of 29.45% in Don Muang Tollway Public Company Limited, an unlisted public company operating a 21 km toll road in Bangkok.
    • Advising Nippon Life Insurance Company on its acquisition of a further stake in Bangkok Life Assurance Limited, taking Nippon Life's stake in Bangkok Life to 25%
    • Advising bidders on the auction sales of several Thai financial institutions, including Bank of Asia, AIG Retail Bank, BankThai and Siam City Bank.
    • Advising AIG Consumer Finance Group, Inc. on its acquisition of the entire business assets of Srisawad International (1991) Company Limited, a local consumer finance company and hire-purchase and loan portfolio servicing arrangements with that company.
    • Advising Six Continents Hotels Asia Pacific Pte Ltd in connection with the sale of shares in Bangkok Intercontinental Hotels Company Limited.
    • Advising Big C Supercenter Public Company Limited in connection with the acquisition of Auchan Chiang Mai and Auchan Group Public Company Limited including an extensive legal due diligence review.
    • Advising Allianz AG in connection with the acquisition of Ayudhya CMG Life Assurance Public Company Limited, Thailand's third largest life insurance company, which included an extensive due diligence review, tender offer and delisting.
    • Advising Ratchaburi Electricity Generating Holding Public Company Limited on its proposed acquisition of two power plants from Banpu Group.
    • Conducting legal due diligence exercises for BP in connection with its merger with Amoco Corporation, Big C Supercenter Public Company Limited in connection with the acquisition of the Auchan group, Rachid Hudsen Berhad in connection with the acquisition of Thai Sakura Securities Company Limited, Allianz AG in connection with the acquisition of the CMG Group, the initial public offering of the Airport Authority of Thailand, the initial public offering of Krungthai Card Public Company Limited and the public offering of the Financial Institution of Development Fund's shares in Krung Thai Bank Public Company Limited.
    • Advising and assisting overseas clients on inward investment projects and the establishment of their businesses, branches and subsidiaries in Thailand, including general advice on investment promotion laws, foreign business operation license requirements, land and property ownership.

    General Corporate and Regulatory Advice

    • Advising the BP Singapore on regulatory requirements with respect to the marketing, dealing and providing advisory services in relation to derivative products in Thailand.
    • Advising a Friends Provident on Thai regulatory issues relating to the sale of investment savings products in Thailand.
    • Advising Royal Bank of Canada relating to the compliance of SEC regulations.
    • Advising United Power of Asia Public Company Limited on SET & SEC compliance.
    • Advising 12 subsidiaries/affiliates of Bank of Ayudhya Public Company Limited in capital restructuring through capital increase and dividend payment.
    • Advising Total Services Solution Public Company Limited (formerly known as GE Money Retail Bank Public Company Limited),  General Card Services Co., Ltd., CFG Services Co., Ltd. on general corporate matters, reduction of its registered capital, return of its insurance brokerage and foreign business licences and application for certificate under the Amity and Economic Relations Treaty between the U.S. and Thailand.
    • Advising Big C Supercenter Public Company Limited on business law and SET & SEC compliance.
    • Advising Thai Copper Public Company Limited on routine business operations and arranging Board meetings and shareholders meetings.
    • Advising GE Capital (Thailand) Limited on the capital restructure in Thai Life Style Dot Com.
    • Advising Swedish Motor Corporation Public Company Limited in connection with its restructuring and SET & SEC compliance.
    • Advising and assisting foreign clients in the establishment of businesses, branches, and subsidiaries in Thailand, including general advice on investment promotion laws, foreign shareholding restrictions and regulatory licensing requirements.

    Banking

    • Acting for GE Capital (Thailand) Limited in the sale and leased-back of the printing equipment with Nation Multimedia Group, a major publishing company in Thailand. The five-year financing of the transaction in the form of THB800 million promissory note purchase facilities provided by KASIKORNBANK Public Company Limited and BankThai Public Company Limited.
    • Advising GE Money Retail Bank Public Company Limited on banking and corporate regulatory issues in relation to obtaining a banking license and a foreign business license and effecting a recapitalisation for the retail bank conversion.

    Real Estate

    • Advising Pernod Ricard (Thailand) Ltd. on the settlement and registration of termination of lease agreement.

    Regulatory

    • Advising Ayudhya Capital Auto Lease Public Company Limited on its application for life and non-life insurance brokerage licences.
    • Advising Ayudhya Capital Auto Lease Public Company Limited on its application for a foreign business licence under the Foreign Business Act.
    • Advising United Power of Asia Public Company Limited on the establishment of its subsidiary in Myanmar.
    • Advising various global insurance groups on Thai insurance regulatory issues, including issues relating to outsourcing, licensing, foreign shareholding restrictions, insurance brokerage business and reinsurance business.
  • Admissions
    • Lawyer, qualified in Thailand