SIG Technology F-4/A Registration of securities (foreign) (amended)

EXHIBIT 5.23

[Letterhead of Weerawong, Chinnavat & Peangpanor Ltd.]

January 23, 2012

To:	Reynolds Group Holdings Limited
	Level Nine
	148 Quay Street
	Auckland 1140 New Zealand
To:	Reynolds Group Issuer Inc.
	c/o National Registered Agents, Inc.
	160 Greentree Drive, Suite 101,
	Dover, Delaware 19904
To:	Reynolds Group Issuer LLC
	c/o National Registered Agents, Inc.
	160 Greentree Drive, Suite 101,
	Dover, Delaware 19904
To:	Reynolds Group Issuer (Luxembourg) S.A.
	6C Rue Gabriel Lippmann,
	L-5365 Munsbach, Grand Duchy of Luxembourg
To:	SIG Combibloc Ltd.
	33 Moo 4 Pluakdaeng Sub-District
	Pluakdaeng District, Rayong, Thailand

Re:     Registration Statement on Form F-4

Dear Sirs,

We have acted as a special Thai legal counsel to the addressees in connection with:

(i)	the co-issuance of new notes in an aggregate amount of US$ 1,125,000,000 aggregate principal amount of 7.750% senior secured notes due 2016 and € 450,000,000 aggregate principal amount of 7.750% senior secured notes due 2016, issued initially by Reynolds Group DL Escrow Inc. and Reynolds Group Escrow LLC;
(ii)	the co-issuance of new notes in an aggregate amount of US$ 1,000,000,000 aggregate principal amount of 8.500% senior unsecured notes due 2018, issued initially by Reynolds Group Issuer Inc., Reynolds Group Issuer LLC and Reynolds Group Issuer (Luxembourg) S.A.;
(iii)	the co-issuance of new notes in an aggregate amount of US$ 1,500,000,000 aggregate principal amount of 7.125% senior secured notes due 2019 and US$ 1,500,000,000

January 23, 2012

	aggregate principal amount of 9.000% senior unsecured notes due 2019, issued initially by RGHL US Escrow I Inc., RGHL US Escrow I LLC and RGHL Escrow Issuer (Luxembourg) I S.A.;
(iv)	the co-issuance of new notes in an aggregate amount of US$ 1,000,000,000 aggregate principal amount of 6.875% senior secured notes due 2021 and US$ 1,000,000,000 aggregate principal amount of 8.25% senior unsecured notes due 2021, issued initially by Reynolds Group Issuer (Luxembourg) S.A., Reynolds Group Issuer LLC and Reynolds Group Issuer Inc.; and
(v)	the co-issuance of new notes in an aggregate amount of US$ 1,500,000,000 aggregate principal amount of 7.875% senior secured notes due 2019 and US$ 1,000,000,000 aggregate principal amount of 9.875% senior unsecured notes due 2019, issued initially by RGHL US Escrow II Inc. and RGHL US Escrow II LLC.

1.Laws

This opinion is limited to the laws of Thailand as currently interpreted by the Supreme Court of Thailand, which are published and available to the public as at the date hereof. We have made no investigations of the laws of any other jurisdiction. Our opinion is to be interpreted and construed in accordance with the laws of Thailand.

2.Documents Reviewed

For the purposes of this opinion, we have reviewed:

(i)	copies of the Transaction Documents (as defined below);
(ii)	the documents listed inSchedule 1 hereto (the “Corporate Documents”); and
(iii)	such other documents as we have deemed necessary or appropriate as a basis for the opinions set forth herein.

3.Definitions

In this opinion:

(i)	“Company” means SIG Combibloc Ltd., a limited company incorporated under the laws of Thailand with the company registration number 0105538149390;
(ii)	“MOC” means the Ministry of Commerce of Thailand; and
(iii)	“Transaction Documents” means:

(a) the Third Supplemental Indenture to the 7.75% Senior Secured Notes due 2016 Indenture, dated as of January 29, 2010, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., Beverage Packaging Holdings (Luxembourg) I

January 23, 2012

	S.A, certain additional note guarantors listed thereto, The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent and Wilmington Trust (London) Limited, as additional collateral agent;
(b)	the Eleventh Supplemental Indenture to the 8.50% Senior Notes due 2018 Indenture, dated as of August 5, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., certain additional note guarantors listed thereto, The Bank of New York Mellon as trustee, principal paying agent, transfer agent, registrar and transfer agent and The Bank of New York Mellon, London Branch, as paying agent;
(c)	the Ninth Senior Secured Notes Supplemental Indenture to the 7.125% Senior Secured Notes due 2019 Indenture, dated as of August 5, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., Beverage Packaging Holdings (Luxembourg) I S.A, certain additional note guarantors listed thereto and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent, and Wilmington Trust (London) Limited, as additional collateral agent;
(d)	the Ninth Senior Notes Supplemental Indenture to the 9.000% Senior Notes due 2019 Indenture, dated as of August 5, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., Beverage Packaging Holdings (Luxembourg) I S.A, certain additional note guarantors listed thereto and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent;
(e)	the Seventh Senior Secured Notes Supplemental Indenture to the 6.875% Senior Secured Notes due 2021 Indenture, dated as of August 5, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., certain additional note guarantors listed thereto, The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, collateral agent and registrar, Wilmington Trust (London) Limited, as additional collateral agent and The Bank of New York Mellon, London Branch, as paying agent;
(f)	the Seventh Senior Notes Supplemental Indenture to the 8.250% Senior Notes due 2021 Indenture, dated as of August 5, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., certain additional note guarantors listed thereto, The Bank of New York Mellon, as trustee, principal paying agent, transfer agent and registrar and The Bank of New York Mellon, London Branch, as paying agent;

January 23, 2012

(g)

the First Senior Secured Notes Supplemental Indenture to the 7.875% Senior Secured Notes due 2019 Indenture, dated as of September 8, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., Beverage Packaging Holdings (Luxembourg) I S.A, certain additional note guarantors listed thereto (including the Companies) and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent, and Wilmington Trust (London) Limited, as additional collateral agent; and

(h)

the First Senior Notes Supplemental Indenture to the 9.875% Senior Notes due 2019 Indenture, dated as of September 8, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., Beverage Packaging Holdings (Luxembourg) I S.A, certain additional note guarantors listed thereto (including the Companies) and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent.

4.Assumptions

For the purposes of this opinion, we have assumed (without making any investigation of these assumptions):

(i)	that the board of directors meeting no. 3/2009 of the Company held on October 19, 2009, the board of directors meeting no. 5/2011 of the Company held on June 22, 2011, the board of directors meeting no. 6/2011 of the Company held on July 19, 2011, the extraordinary shareholder meeting no. 2/2009 held on October 29, 2009, the extraordinary shareholder meeting no. 2/2009 held on December 19, 2009, and the extraordinary shareholder meeting no. 3/2011 of the Company held on July 5, 2011 were duly made, called and convened, and the resolutions expressed in the minutes thereof were duly passed and have not been revoked, rescinded or amended by any subsequent resolutions of the board of directors meeting or shareholders meeting of the Company;
(ii)	that the power of attorney of the Company dated October 29, 2009, the power of attorney of the Company dated December 19, 2009, the power of attorney of the Company dated July 5, 2011, and the power of attorney of the Company dated July 19, 2011 were duly executed by the Company and have not been revoked, rescinded or amended;
(iii)	the genuineness of all signatures and seals, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the authenticity of the originals of such latter documents; and

January 23, 2012

(iv) that all factual statements contained in the Transaction Documents and all other relevant documents are correct, accurate and complete in all respects.

In the course of our examination, we have found nothing to indicate that the above assumptions are not justified but we have not endeavored to make any independent verification of such factual assumptions. As to any facts material to the opinion expressed herein which were not independently established or verified, we have relied upon certificates, statements and representations of officers and other representatives of the Company and others.

5.Opinions

Based upon the foregoing assumptions and subject to the following qualifications, we are of the opinion that under the laws of Thailand at the date hereof:

5.1	Corporate Existence and Authority
	The Company is a limited company duly incorporated and validly existing under the laws of Thailand, and is a separate legal entity capable of suing or being sued in its own name. The Company has corporate power and authority to enter into and perform its obligations under the Transaction Documents. The Company has taken all corporate actions necessary to authorize its execution and delivery of the Transaction Documents, and the performance of its obligations under the Transaction Documents.
5.2	Restriction
	The execution and delivery of the Transaction Documents and the performance by the Company of its obligations under the Transaction Documents will not conflict with, result in a breach or violation of, or constitute a default under (a) its Corporate Documents or (b) any Thai law or regulation. The Company has duly executed the Transaction Documents.
5.3	Government Authorization
	No consents, license or approvals of, registration with or declarations to any governmental authorities and agencies in Thailand are required to be performed by the Company in connection with the execution, delivery, performance, observance, legality, validity, enforceability or admissibility in evidence of the Transaction Documents, except for the obtaining of the exchange control approval from (i) a commercial bank operating in Thailand that is an authorized agent of the Bank of Thailand with regard to the purchase and remittance of foreign currency out of Thailand or (ii) the Bank of Thailand (as the case may be).

6.Qualifications

This opinion is subject to the following qualification:

January 23, 2012

Revocation of Power of Attorney

Any power of attorney or any grant of authority to an agent expressed to be irrevocable is not by such expression made irrevocable since Section 827 of the Civil and Commercial Code of Thailand specifies that the principal may revoke such authority and the agent may renounce its agency at any time. Any revocation thereof may constitute a violation of an agreement, and would result only in a claim for damages.

Insofar as the opinions expressed herein refer to the laws of Thailand, such references shall include the constitution, emergency decrees, royal decrees, ministerial decrees, ministerial regulations and ministerial notifications of the ministry or other governmental agency, and any reference to these and any Supreme Court judgments, shall be limited to those which are published and available to the public as of the date hereof. Nothing has come to our attention that would indicate that any unpublished laws or Supreme Court judgments exist which would affect any of the opinions expressed herein.

We understand that you will rely upon this opinion as to matters of Thai law, as applicable, in connection with the matters set forth herein. In addition, we understand that Debevoise & Plimpton LLP (“Debevoise”) will rely upon this opinion as to matters of Thai law, as applicable, in connection with an opinion to be rendered by it on the date hereof relating to the Company. In connection with the foregoing, we hereby consent to your and Debevoise’s relying upon this opinion as to matters of Thai law, as applicable.

We also consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to our firm under the heading “Validity of the Securities” in the Prospectus. In giving such consent, we do not hereby concede that we are within the category of persons whose consent is required under Section 7 of the United States Securities Act of 1937 (as amended) or the rules and regulations of the U.S. Securities and Exchange Commission thereunder.

Yours faithfully,

/s/ Weerawong, Chinnavat & Peangpanor Ltd.

January 23, 2012

SCHEDULE 1

List of Corporate Documents

1.	Affidavit of SIG Combibloc Ltd. for the period from October 1, 2009 to October 29, 2009, issued by the MOC on October 29, 2009.
2.	Affidavit of SIG Combibloc Ltd. issued by the MOC on July 22, 2011.
3.	Copies of Memorandum of Association and Articles of Associations of SIG Combibloc Ltd., certified by the MOC on October 28, 2009.
4.	Copies of Memorandum of Association and Articles of Associations of SIG Combibloc Ltd., certified by the MOC on July 22, 2011.
5.	Copy of the list of shareholders of SIG Combibloc Ltd. as of June 30, 2009, certified by the MOC on October 28, 2009.
6.	Copy of the list of shareholders of SIG Combibloc Ltd. as of April 29, 2011, certified by the MOC on July 22, 2011.
7.	Copy of the minutes of the board of directors meeting no. 3/2009 of SIG Combibloc Ltd., held on October 19, 2009.
8.	Copy of the minutes of the board of directors meeting no. 5/2011 of SIG Combibloc Ltd., held on June 22, 2011.
9.	Copy of the minutes of the board of directors meeting no. 6/2011 of SIG Combibloc Ltd., held on July 19, 2011.
10.	Copy of the minutes of the extraordinary shareholders meeting no. 2/2009 of SIG Combibloc Ltd., held on October 29, 2009.
11.	Copy of the minutes of the extraordinary shareholders meeting no. 3/2009 of SIG Combibloc Ltd., held on December 19, 2009.
12.	Copy of the minutes of the extraordinary shareholders meeting no. 3/2011 of SIG Combibloc Ltd., held on July 5, 2011.
13.	Copy of a power of attorney of SIG Combibloc Ltd. dated October 29, 2009, authorizing each of (i) Graeme Richard Hart, (ii) Bryce McCheyne Murray, (iii) Helen Dorothy Golding, (iv) Allen Philip Hugli, (v) Gregory Alan Cole, (vi) Mark Dunkley, (vii) Elizabeth Davies, (viii) Cindi Lefari, (ix) Sarah Elizabeth Snow and (x) Philip John Presnell West to execute certain Transaction Documents and other related documents, without the company seal affixed, for and on behalf of SIG Combibloc Ltd.
14.	Copy of a power of attorney of SIG Combibloc Ltd. dated December 19, 2009, authorizing each of (i) Graeme Richard Hart, (ii) Bryce McCheyne Murray, (iii)

January 23, 2012

	Helen Dorothy Golding, (iv) Allen Philip Hugli, (v) Gregory Alan Cole, (vi) Mark Dunkley, (vii) Elizabeth Davies, (viii) Cindi Lefari, (ix) Sarah Elizabeth Snow and (x) Philip John Presnell West to execute certain Transaction Documents and other related documents, without the company seal affixed, for and on behalf of SIG Combibloc Ltd.
15.	Copy of a power of attorney of SIG Combibloc Ltd. dated July 5, 2011, authorizing each of (i) Graeme Richard Hart, (ii) Bryce McCheyne Murray, (iii) Helen Dorothy Golding, (iv) Allen Philip Hugli, (v) Gregory Alan Cole, (vi) Mark Dunkley, (vii) Cindi Lefari, (viii) Philip John Presnell West, (ix) Thomas James Degnan, (x) Robert Bailey, (xi) Stephen David Pardy, (xii) Jennie Blizard, (xiii) Chiara Francesca Brophy and (xiv) Karen Michelle Mower to execute certain Transaction Documents and other related documents, without the company seal affixed, for and on behalf of SIG Combibloc Ltd.
16.	Copy of a power of attorney of SIG Combibloc Ltd. dated July 19, 2011, authorizing each of (i) Graeme Richard Hart, (ii) Bryce McCheyne Murray, (iii) Helen Dorothy Golding, (iv) Allen Philip Hugli, (v) Gregory Alan Cole, (vi) Mark Dunkley, (vii) Cindi Lefari, (viii) Philip John Presnell West, (ix) Thomas James Degnan, (x) Robert Bailey, (xi) Stephen David Pardy, (xii) Jennie Blizard, (xiii) Chiara Francesca Brophy and (xiv) Karen Michelle Mower to execute certain Transaction Documents and other related documents, without the company seal affixed, for and on behalf of SIG Combibloc Ltd.
17.	Certificate of Director of SIG Combibloc Ltd. dated January 29, 2010, issued in connection with certain Transaction Documents.
18.	Attorney’s Certificate of SIG Combibloc Ltd. dated August 5, 2011, issued in connection with certain Transaction Documents.
19.	Attorney’s Certificate of SIG Combibloc Ltd. dated September 9, 2011, issued in connection with certain Transaction Documents.