Noparat Kaewsringarm


Noparat advises on a wide range of corporate finance transactions and regulatory and compliance matter, including public M&A/takeover, private acquisitions and disposal, joint venture, foreign direct investments, IPOs, private placements, rights offering, block trade, reporting and disclosure, personal data protection, digital assets, e-payment services, cross border marketing and a broad range of other equity and debt capital market transactions, including the securities and the exchange law related matters. She also has particular experience in managing complex cross border transactions.


Representative matters

Thai and international counsel to Thai Life Insurance Public Company Limited (the issuer) on the THB37.1bn (USD1.01bn) initial public offering (the IPO) and listing on the Stock Exchange of Thailand. The deal represented the largest IPO in Thailand during calendar year 2022 and was Awarded ‘Best Equity/IPO Deal of the Year in Thailand’ at the 16th Annual Best Deal & Solution Awards 2022 by Alpha Southeast Asia.

Thai and international counsel to the underwriters on the THB78.1bn (USD2.4bn) initial public offering (IPO) and listing of Central Retail Corporation Public Company Limited (CRC) on the Stock Exchange of Thailand. The transaction also involved the group restructuring of CRC, including the delisting tender offer for Robinson Public Company Limited, concurrent with the IPO process. This was the largest IPO in Thailand to date and the second largest IPO globally of a retail focused company.

A global financial institution 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 the financial institution 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.

PTT LNG Co., Ltd. (a wholly owned subsidiary of PTT Public Company Limited) on its sale of shares to the Electricity Generating Authority of Thailand in a joint venture company that operates an LNG receiving terminals business on Thailand’s eastern seaboard. The LNG Receiving Terminal-2 Project, located in Nong Fab sub-district, strives to enhance the competitiveness of the country’s natural gas business in line with Thailand’s natural gas market liberalisation; will support LNG imports to meet demand; will build long-term power security for the country; as well as drive Thailand to become a regional LNG hub in ASEAN.

Pro bono

Advised Orchid Project regarding the legal frameworks and regulatory regime for female genital mutilation.

Advised the Global Fund to Fight AIDS, Tuberculosis and Malaria in relation to the legal frameworks and regulatory regime for access to sexual and reproductive healthcare for young persons.

Advised Borderless360 on their collaboration to establish a joint inclusive education programme for refugees in Thailand with the People’s Empowerment Foundation.

Advised Bann Dek Foundation on immigration, labour and criminal laws as well as other laws related to Baan Dek’s activities of assisting vulnerable children and migrants in Thailand.

Speaking Engagements

  • Guest Speaker, M&A in Practice, Law Chula Alumni, November 2022
Ranked 'Band 1' for Capital Markets in Thailand.
Chambers Asia-Pacific, 2024
Ranked as a 'Next Generation Partner' for Capital Markets in Thailand.
The Legal 500 Asia-Pacific, 2024


  • "Ranked 'Band 1' for Capital Markets in Thailand" Chambers Asia-Pacific, 2024
  • "Ranked as a 'Next Generation Partner' for Capital Markets in Thailand" The Legal 500 Asia-Pacific, 2024 



Admitted as lawyer, Thailand, 2008


LLB (Hons), Chulalongkorn University, 1995
LLM, Duke University, 1999
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.