Due Diligence in Property Investment Lawyer's Checklist

Due Diligence in Property Investment: Lawyer’s Checklist

Investing in property can be a lucrative venture, especially in the vibrant markets of Thailand and Southeast Asia. However, ensuring a seamless and secure property investment requires a thorough due diligence process. In this article, Sukhothai Inter Law, a leading full-service law firm with expertise in property law in Thailand, shares a comprehensive checklist that every investor should consider when navigating the intricacies of property investment.

  1. Location Analysis: One of the critical aspects of property investment is the location. Our experienced lawyers at Sukhothai Inter Law stress the importance of thoroughly evaluating the location’s legal, economic, and environmental aspects. This includes zoning regulations, land use policies, and any potential environmental concerns that might affect the property’s value or future development.
  2. Title Deed Verification: Ensuring the legitimacy of property ownership is paramount. Our team at Sukhothai Inter Law emphasizes the need for a meticulous examination of title deeds. This includes confirming the property’s legal status, identifying any existing encumbrances, and validating the chain of ownership to mitigate any potential risks.
  3. Land Use Regulations: Understanding and complying with local land use regulations is crucial. Our property lawyers specialize in navigating the complex regulatory landscape, providing clients with insights into permissible land uses, building codes, and any restrictions that may impact the intended use of the property.
  4. Due Diligence on Sellers: Investors should conduct thorough due diligence on sellers to ensure they are dealing with reputable and legally compliant parties. Sukhothai Inter Law‘s legal experts can assist in background checks, ensuring that the sellers have clear legal standing and the authority to transfer the property.
  5. Financial and Tax Considerations: Our team recognizes the significance of evaluating the financial and tax implications of a property investment. Sukhothai Inter Law can assist in assessing property taxes, transaction costs, and potential financial liabilities, providing investors with a clear understanding of the overall financial picture.
  6. Contractual Safeguards: Crafting a robust and comprehensive contract is essential for protecting the interests of all parties involved. Our lawyers specialize in drafting contracts that outline the terms of the transaction, address potential disputes, and incorporate safeguards to protect the investor throughout the property investment process.

Navigating the complexities of property investment in Thailand and Southeast Asia requires meticulous planning and legal expertise. Sukhothai Inter Law, with its dedicated team of professionals, is committed to providing clients with a seamless and secure investment experience. By following our lawyer’s checklist for due diligence in property investment, investors can mitigate risks and make informed decisions for a successful venture in the dynamic real estate markets of the region.

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    Sutham Siribunyawat

    Experience
    Khun Sutham has broad experience of providing legal advice and services in
    Thailand concerning commercial transactions, investments, real estate and dispute resolution
    matters for over 20 years. Khun Sutham has particular expertise in the following areas of practice:

    • Domestic & International Tax Consultation
    • Real Estate Transactions ( incl: developers, financiers and contractors)
    • Construction related matters
    • Investment and shareholding related dispute matters involving foreign investors
    • SEC enforcement related matters

    1981 Barrister of Law (LL.B) Ramkhamhaeng University
    1982 Granted License to practice Law and became Life member of the Law Society of Thailand
    1983 Barrister at Law, Thai Bar Association
    1990 Diploma of Negotiation and Contract Drafting (Chulalongkorn University)
    2003 Diploma of International Taxation (Thai Bar Association)
    2003 Notary Public License (Thai Bar Association)
    2008 Diploma (Taxation Planning)
    1982 - 1985 Practiced Law as Litigation Lawyer (Kingdom of Thailand)
    1985 - 1988 Studied English and Business Program (London, U.K.)
    1989 - 1990 Employed by ICL International Law Firm, Bangkok
    1990 present Founded Law Firm (SIL) and be partnership with an English businessman and a group of Thai Lawyers
    2015-2018 Co-Founder and Member of Board of Directors of ARYU Hospital Health Care CO.,Ltd.,
    Yangon, Myanmar, a Joint Venture between Gar Mone Pwint CO., Ltd, Myanmar, and stock listed
    Thonburi Health Care Group Public CO. ,Ltd., Thailand

    DETRY MICHEL

    Aalst, June 4th 1955
    Belgian
    Email: m.detry@sukhothaiinterlaw.com

    Professional activities
    02/04/2001 Tax Consultant (ITAA number: 50.205.075)

    01/09/1985 Chartered Accountant (I.E.C. number: 805.2F.55)

    1982 Chartered Accountant to the Courts

    Decoration
    “Lauréat du Travail”

    Others mandates
    1994 – 2002 Chartered Accountant as delegate to “Union des Classes Moyennes” (UCM)

    1997 Chartered Accountant as delegate to
    “Agence locale pour l’emploi (ALE) d’Auderghem”

    1998 – 1999 CharteredAccountant as delegate to
    “Comité de gestion du Fonds de Garantie de la Région Bruxelloise”

    1998 – 2002 CharteredAccountant as delegate to
    “Comité de gestion de la Chambre des Métiers et Négoces de Bruxelles et Brabant Wallon”

    1999 CharteredAccountant as delegate to “Comité de gestion de Bruxelles Capitale”

    2001 – 2009 CharteredAccountant as delegate to “Commission de Discipline à l’I.E.C.”

    2010 - 2020 Chartered Accountant as delegate to “Commission de Stage à l’I.E.C”

    Dr. Herbert KUESS
    Moos 22 / 6091 Götzens

    Senior Partner
    Project Financing national (Austria) and international (Myanmar, Thailand, Russia),
    Financial and management Advisory

    Phone: Tel: +66 (0) 2212 6866-7
    Mobile: +43 (0) 664 627 2215
    E-Mail: h.kuess@sukhothaiinterlaw.com

    Education
    Law studies at Leopold-Franzens University, Innsbruck, Austria (Doctor of Laws, 1980)
    Certified Accountant (1984)
    Authorised for management consultancy including organisation (2003)

    Languages
    German and English

    Practise Areas
    Structuring of large scale financing and investments, bank management for corporate customers,
    time based commercial management for clients.
    Myanmar Specialist with a strong network since 2013

    Functions/Member
    Managing Director of projects+finance pf management Ltd., Vienna, Austria
    (a fomer subsidiary of the largest international Austrian Banking Group Raiffeisen)
    since 2003

    Managing Director of Aqua Dome Tirol Therme Längenfeld (www.aqua-dome.at ),
    a thermal spa and resort in the Tyrol, Austria, since 2014

    Head of corporate business in two Austrian Banks (1982 – 2002)

    Numerous Board Functions in the Banking, Advisory and Tourism Business since 1990,
    also internationally e.g.

    Financial Advisor of ECOCOM Group, Austria and Russia (2007 – 2017)

    Co-Founder and Member of Board of Directors of ARYU Hospital Health Care CO.,Ltd.,
    Yangon, Myanmar, a Joint Venture between Gar Mone Pwint CO., Ltd, Myanmar, and stock listed
    Thonburi Health Care Group Public CO. ,Ltd., Thailand (2015 – 2018)

    Advisor of Aung Shwe Thee Ltd., Yangon, Myanmar, since 2013

    Advisor of Ayeyar Strength CO. ,Ltd, Yangon, Myanmar, since 2013

    Low Keng Hoong, Jeremy

    A-30-7 Residensi PR1MA Kg
    Paloh, Jalan Paloh, 30200
    Ipoh, Perak, Malaysia

    Phone: +601165711996 Email: jerelow@yahoo.com

    Distinct Skills

    • C-Level Leadership & Management
    • Business/Organization Planning
    • Market Feasibility Studies
    • Tertiary Education Pedagogies
    • Educational Leadership
    • Educational Accreditation
    • Start-ups
    • Mentoring

    Experience

    2019 – Present • CEO • KMC Medical Centre, Ipoh, Perak, Malaysia
    2017 – 2019 • CEO • Welly Hospital, Weihai, Shandong, China
    2016 – 2017 • Business Consultant • Thonburi Healthcare Grp, Bangkok, Thailand
    2015 – 2016 • Marketing & BD Director • Penang Adventist Hospital, Penang, Malaysia
    2012 – 2015 • Head & Lecturer, International Programs • Lingnan University, HKG
    2009 – 2012 • Associate Professor • Lingnan College, Sun Yat-Sen University, China
    2011 – 2012 • Int’l Accreditation • Lingnan College, Sun Yat-Sen University, China
    2008 – 2009 • CEO • WJ International Hospital, Beijing, China
    2006 – 2008 • Adjunct Business Professor • Bradford, Plymouth, Sunderland, Dublin
    1996 – 2005 • Marketing & BD Director • Hong Kong Adventist Hospital, Hong Kong
    1994 – 1996 • Assistant Professor • Southeast Asia Union College, Singapore
    1986 – 1994 • Marketing Information Analyst • San Francisco Music Box Co., USA
    1981 – 1983 • Mechanical Piping Draftsperson • Sime Darby Engineering, Malaysia
    1978 – 1981 • Church Pastor • West Malaysia & Singapore Mission SDA Church, Malaysia

    Education

    Doctor of Business Administration (2010), University of South Australia, Adelaide, Australia
    Master of Business Administration (1994), San Francisco State University, California, USA
    Bachelor of Science (Information Science) (1986), Andrews University, Michigan, USA
    Bachelor of Theology (1979), Southeast Asia Union College, Singapore

    Career Highlights

    KMC losing money since 1996, 2020 started making profits during COVID pandemic year
    after more than 23 years & 2021 with revenue increased by 25% with profits.
    - developed a retirement home facility (Ipoh); international healthcare wing at General
    Hospital of Armed Police (Beijing); Adventist Oncology Centre (Penang); Adventist Eye
    Centre (Hong Kong); & Adventist Dialysis Centre (Hong Kong)
    - developed from an empty old hospital building to a new general hospital of 250 beds with
    new facilities and equipment working closely with various government agencies for Welly
    Hospital (China).
    - performed market feasibility studies of Penang (2015), Ipoh (2015), Huzhou (2016), Beijing
    (2008), Chengdu (2015), Weihai (2017), Xiamen (2003), Shanghai (1999), Hong Kong
    (2000), these studies were used as supporting documents to develop or expand hospital or
    elderly care facilities, new buildings, hospital strategies and healthcare investments.
    - successfully led and assisted Lingnan (University) College in obtaining international
    accreditations (EQUIS - European Quality Improvement System & AMBA - Association of
    Master of Business Administration) in 2011
    - taught master and bachelor business modules: Strategic Management, Branding,
    Marketing Strategy, and International Business Strategy
    - consultant for fund-raising agencies - Helping Hand, Hong Kong Adventist Hospital
    Foundation, Penang Adventist Hospital, HK Diabetic Society.
    - doctoral, master, and bachelor business students’ thesis supervisor, advisor, or examiner.

    MR. NIYOT MASAVISUT
    14/221 Soi Chaengwattana 14,
    Tung Song Hong, Laksi,
    Bangkok 10210

    Mobile Phone : (081) 915-7518
    E-mail : niyotm@outlook.com

     

    PERSONAL DATA
    Date of Birth : March 19, 1968
    Marital Status : Married

    EDUCATION
    1996 : Master of Business Administration (International Business)
    Asian Institute of Technology, Thailand

    1991 : Bachelor of Science in Mechanical Engineering
    Washington University in St. Louis, USA

    WORK EXPERIENCE
    Okas Co., Ltd. (โอกาส
    2023 – Present : Founder and Director
    Provide financial services to Asset Management companies.

    Thai Medical Glove Co., Ltd.
    2021- 2022 (Dec) : Chief Financial Officer
    Oversees all financing activities especially project financing and prospective investors.

    Sukhumvit Asset Management Co., Ltd.
    2019 (Feb) - 2020 (Dec) : President
    Transform SAM to be a leading government AMC by developing a platform for NPL market and building capabilities of NPL acquisitions.
    Enhance asset recovery and portfolio return.

    2011 - 2019 : Senior Executive Vice President
    Manage Non Performing Asset such as properties.
    Develop and follow up on strategic implementation activities.
    Focus on Risk management activities.
    Enhance human resources capabilities.

    2005 - 2011 : Executive Vice President
    Manage Debt Restructuring activities for corporate SME and retail loans.
    Develop branch networks.
    Oversee outsourcers; namely ACAP and Tisco.

    Central Credit Information Co., Ltd.
    2003 - 2005 : Operations Director
    Oversee IT, Compliance, Marketing and Accounting Departments.

    Export-Import Bank of Thailand (EXIM Bank)
    1996 – 2003 : Assistant Vice President
    Responsible for credit facilities of investment projects especially in Greater Mekong Subregion.

    AT &T Telecommunications Product (Thai) Co., Ltd.
    1992 – 1994 : Engineer
    1993 : Design mechanical parts for new telephone sets.

    Siam Syntech Genysis Co., Ltd.
    1991 – 1992 : Project Engineer
    Manage and oversee subcontractors to install air-conditioning system and piping works for an office building project.

    TRAINING
    2017 * RE-CU CEO Premium in Modern Real Estate
    Chulalongkorn University, Thailand

    2014 * Advanced Certificate Course in Public Administration and Law for Executives
    King Prajadhipok’s Institute, Thailand

    2010 * Advanced Senior Executive Program
    Kellogg School of Management, Northwestern University and
    Sasin Graduate Institute of Business Administration of Chulalongkorn University

    2008 * Director Certificate Program
    Thai Institution of Directors, Thailand

    2006 * NIDA Executive Leadership Program
    Wharton University of Pennsylvania, USA