01 Nov 2023

C.P. Retail Development and Tesco Stores win administrative lawsuit on US$10.6 billion merger against 38 individuals.

Partner Supawat Srirungruang from R&T Asia (Thailand) successfully represented major retail companies C.P. Retail Development and Tesco Stores (currently known as Lotus’s Stores), in a case challenging the Trade Competition Commission’s approval of their US$10.6 billion merger in Thailand. The plaintiffs claimed the approval was unlawful, but the Central Administrative Court ruled in favour of the mergers, affirming the lawfulness of the disputed order in all aspects and the case was dismissed.