Arthit Hemara

Arthit Hemara


Arthit's practice focuses primarily on M&A (both public and private), capital markets and foreign direct investment.

He has substantial experience representing clients in a wide range of transactions, including share and business acquisition, joint venture, amalgamation, entire business transfer, corporate restructuring, IPO, private placement, block trade and tender offer.

He supports clients across numerous sectors, including financial institutions, telecommunications, technology, energy, chemicals, real estate, retails and food and beverages.


Representative matters


MUFG Bank, Ltd. on its groundbreaking voluntary tender offer for Bank of Ayudhya. This was the largest ever acquisition by a Japanese bank in Asia, with a deal value in excess of USD6bn. This cross-jurisdictional deal saw MUFG become the first Japanese banking group to control a major Southeast Asian bank. Also advised on all contractual and regulatory aspects, as well as on post-integration matters.

Telenor Asia, part of the Norwegian majority state-owned multinational telecoms company Telenor Group, together with Total Access Communication Public Company Limited (dtac), on the amalgamation of the telecoms operations of dtac and True Corporation Public Company Limited in Thailand. The transaction is the largest telecommunications merger in Southeast Asia to-date, with the new company having a combined enterprise value of USD20.7bn, and serving an estimated 55m mobile customers, 5m broadband connections, as well as 3.2m pay-TV subscribers.

Engie Global Developments B.V. (an affiliate of Engie S.A.) on the disposal of its entire 69.1% interest in Glow Energy Public Company Limited to Global Power Synergy Public Company Limited. This USD2.95bn deal represented Thailand’s largest completed M&A deal and Asia’s largest M&A deal in the power sector, both for the year 2018 and 2019. 'Power M&A Deal of the Year' at The Asset Triple A Infrastructure Awards 2020, and 'Best Cross-Border M&A Deal: Thailand' at The Asset Triple A Country Awards 2020.


  • Ranked 'Band 3' for Capital Markets in Thailand, Chambers Asia-Pacific, 2024
  • "Arthit represents Thai and international clients in IPOs across the logistics, real estate and energy sectors, among others.", Chambers Asia-Pacific, 2024
  • "Arthit has been working on high-profile transactions and is very capable.", Chambers Asia-Pacific, 2023
  • According to a client, Arthit is "absolutely excellent and practical in his advice.", Chambers Asia-Pacific, 2023
  • Arthit represents Thai and international clients in IPOs across the logistics, real estate and energy sectors, among others. An interviewee says that "he is brilliant.", Chambers Asia-Pacific, 2022



Thailand, 2006 


European Masters in Transnational Trade Laws and Finance (LL.M.), University of Deusto, Tilburg University and Institute for Law and Finance, Goethe University, 2010

LL.B. (Second Class Honours), Thammasat University, 2004


English, Thai
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.