The Thai competition regulator, the Trade Competition Commission of Thailand, recently imposed fines on real estate developers for not submitting merger notifications within the statutory period. The fines were imposed in four cases – on both the companies and the responsible managers designated by their boards to oversee the transaction in question.
Sorachon Boonsong is highly regarded for serving multinational clients in a broad range of commercial transactions involving mergers and acquisitions, insurance company mergers and acquisitions, power projects, as well as oil, gas and petrochemicals matters. He also heads the real estate, hotel/resort and property development team, as well as the insurance practice group. Sorachon joined Baker McKenzie in 1991 and became a partner in 2001. Under his stewardship, the Corporate/M&A, Real Estate, and Insurance practice groups of Baker & McKenzie Bangkok have all achieved Band 1 ranking from Chambers Asia Pacific. Sorachon is also recognized as a Band 1 individual lawyer for all three practice areas.