Rak-ake Siribhadra

Associate


Contact Details

T: + 66 2 264 8000
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Rak-ake Siribhadra is an associate in the competition and antitrust practice group at Weerawong C&P. He advises clients across a number of industries on the full scope of competition law matters, ranging from behavioral matters involving the clarification of business practices, to merger control filings pre-merger filings and post-merger notifications), to the preparation of competition law compliance programs.
 
Recent Experience

Competition and Antitrust 

Merger Control

Prepared the post-merger notification for the acquisition of more than 50% of voting rights in a company active in the development and manufacturing of automotive parts which complements the client’s group’s business.

Prepared the post-merger notification for the acquisition of 51% of voting rights in a company active in the distribution of specialty chemicals.

Prepared the post-merger notification for the acquisition of a company specializing in project logistics by a subsidiary of an integrated transport and logistics company.

Prepared the post-merger notification for a merger in the insurance industry covering personal accident, supplemental health, and life insurance business in the Asia-Pacific region.

Prepared the post-merger notification for the acquisition of a global products business by a subsidiary of the world’s largest oil company.

Advised on all aspects of competition law, including preparation of the economist report, resulting in a successful pre-merger clearance for an airport service company in its acquisition of a global cargo handler.

 
Advised WeMedia Shopping Network Technology Co., Limited (WeMedia) in relation to all aspects of merger control in its minority investment (21.85%) of USD 25 million in Rewind Pte. Ltd. (Rewind), with an option granted to WeMedia to acquire the remaining share capital of Rewind at a later date for approximately USD 125 million, to achieve a 100% interest in Rewind. The Rewind group is a one-stop omni channel solution provider headquartered in Singapore, with its main operations in Thailand. W&I insurance was undertaken by WeMedia in connection with the acquisition and option.

Advised SCB Securities Co., Ltd., a subsidiary of The Siam Commercial Bank Public Company Limited, in relation to merger control law in connection with the proposed acquisition of 51% interest in Bitkub Online Co., Ltd. (Bitkub), a leading digital asset exchange in Thailand, from Bitkub Capital Group Holdings Co., Ltd. The transaction value is worth approximately THB 17.85 billion. The total market capitalization of Bitkub is THB 35 billion, marking another Thai "unicorn". 

Anticompetitive Conduct

Advised a leading luxury automotive company with respect to competition law compliance on the opening of an online platform and potential competition concerns with respect to contemplated arrangements for distribution.

Advised and assisted a vehicle auction house in the defense of an investigation into unfair trade practice.

Advised a group of major airlines on competition risks relating to a cooperation agreement among various operators in the air transport industry.

Assisted a low-cost airline operator in the defense of an investigation into pricing practices for domestic routes in Thailand.  

Advised a group of major airlines in relation to pricing practices under investigation by the authority.

Advised a major retail group in relation to merger restrictions imposed by the Trade Competition Commission and conducted sessions on competition law and good practices for the company’s personnel.

Advised a super app operator in relation to several investigations by authorities concerning conduct reported by riders using its application, including issues relating to price-discrimination, exclusive dealing, and others which may be considered unfair trade practices.

Advised the leading marketplace platform operator in successful defenses re: investigations into its marketing campaigns, i.e., the rounding of fees, and conduct of unfair/unjust discrimination in connection with taking down a hemp infused product from its marketplace platform. 

Advised a leading e-commerce platform operator, offering ride-hailing services, food delivery, and payment services, in relation to competition and antirust matters, the response to a complaint made to the Department of Land Transport, and assisted with the preparation of its competition law compliance manual for business operations in Thailand.
Compliance

Assisted a global energy management company with the localization of compliance manuals relating to competition law, covering dealings with competitors and trade partners, dawn raids, etc. and advised on its whistleblower regime.

 

Education

LL.M., University College London (UCL), UK 2017
LL.B., University College London (UCL), UK, 2015

Languages

Thai, English

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