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DFDL advises AirAsia on establishment of Vietnam entity

With assistance from DFDL Legal & Tax, AirAsia Investment Limited signed a share subscription and other related agreements with local entity Gumin Company Limited on 30 March 2017 in order to establish AirAsia Vietnam.  AirAsia will have a 30% shareholding and will contribute more than US$15,000,000 to this entity.

The DFDL Thailand team was headed by Country Partner Rashane Leerabandhu, with assistance from Legal Advisers Chatchai Sanguansuk and Preedilada Srithong.  They were complemented by the DFDL Vietnam team, headed by Partners Huynh Dai Thang and Hoang Phong Anh.  Both teams have been working closely since October 2016 in order to draft the transaction agreements and advise on Vietnamese aviation law, corporate law and certain intellectual property matters.

AirAsia intends to extend its affordable, high-quality service model in the country as a result of the deal.