Baker Tilly in The Business Times: The way back to black
Singapore, 17 August 2019 - In The Business Times' article, "The way back to black: Saving a sinking company is tricky in a sea of divergent interests", the way back to black for financially struggling listed companies is more often than not a long and arduous one. Companies get added to the Singapore Exchange's (SGX) watch-list more quickly than they can exit, and many firms undergoing judicial management remain in the process years after they had begun. A significant number, after an extended period of trying, still end in liquidation anyway.
An outline of Tim Reid's views:
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About Baker Tilly in Singapore
Baker Tilly in Singapore (“Baker Tilly”) is a full-service accounting and advisory firm that offers industry-specialised services in assurance, tax, deal advisory, governance and risk, restructuring and recovery, outsourcing and corporate secretarial services. We are one of the 10 largest accountancy and business advisory firms in Singapore and a member of Baker Tilly International, a top 10 global network of independent accounting and business advisory firms in 145 territories with 35,000 professionals. As of December 2018, the combined worldwide revenue of independent member firms is reported at US$3.6 billion.
Baker Tilly TFW LLP trading as Baker Tilly is an independent member of Baker Tilly International. Baker Tilly International Limited is an English company. Baker Tilly International provides no professional services to clients. Each member firm is a separate and independent legal entity, and each describes itself as such. Baker Tilly TFW LLP is not Baker Tilly International’s agent and does not have the authority to bind Baker Tilly International or act on Baker Tilly International’s behalf. None of Baker Tilly International, Baker Tilly TFW LLP, nor any of the other member firms of Baker Tilly International has any liability for each other’s acts or omissions. The name Baker Tilly and its associated logo are used under licence from Baker Tilly International Limited.