Baker Tilly FAS launches distressed debt portal

Baker Tilly FAS (Thailand) has announced plans to manage a new e-debttrading platform, which will offer distressed debt players a web-based platform to buy and sell distressed loans via an open tender process. The firm, traditionally known as a specialist restructuring establishment and accountancy/auditor, has been introducing the concept at presentations in Bangkok, Singapore and Hong Kong. It says it decided to move into the online trading market after witnessing numerous inadequacies in the current approach to debt trading.