Desmond Hughes lead the team at Hughes Krupica which advised on the legal aspects of joint venture structuring; hotel management agreements; and 65m USD finance facility arrangements with SCB bank for client Kanok Furniture and Decoration Co. Ltd. http://www.kanok.com a successful established Thai business now investing significantly into Myanmar.
This type of experience and assistance demonstrates that Hughes Krupica is well positioned to assist owners with their negotiations with operators; joint venture structuring and complicated finance arrangements with banks across multiple jurisdictions – in this case – Thailand; Singapore and Myanmar. There were 4 other legal teams involved on the other side of the table – acting for the bank in Singapore; the bank in Bangkok; in-house legal for Kempinski; and local counsel in Myanmar.
The deal has been reported in Property report here: http://www.property-report.com/
Report in the Nation Newspaper can be found here: http://www.nationmultimedia.com/