Thailand‘s distressed debt management playbook was forged in the fires of the 1997 Asian Financial Crisis. But strategies and capabilities have been stagnant in the three decades since, and today the nation is once again facing rising NPL levels.
Metinee Jongsaliswang, Thailand Country Consulting Leader, Deloitte Consulting, Southeast Asia, says, “A key consideration to improve the distressed debt management, based on analyses of global case studies, is to attract a more diverse group of distressed debt managers including private equity firms, private debt firms, hedge funds, and other sophisticated General Partners (GPs) by providing clearer regulatory guidelines, tax incentives, and/or other business incentives. These capital market stakeholders can bring restructuring & rehabilitation capabilities into the market to help distressed companies in Thailand emerge from…
