TPI rehabilitation grinds on

Legal harassment dogs TPIÆs new managers but ThailandÆs biggest debt restructuring remains on course.

You would think that living in Bangkok would offer an expatriate financier a fantastic, libertine social life. Tell that to Peter Gothard. The Australian debt workout specialist from Ferrier Hodgson rarely goes out. The problem is the armed bodyguards who never leave his side. It doesn't make for a fun night.

The histrionics of wrenching Thai Petrochemical Industries TPI from Thailand's most shameless debtor, Prichai Leophairatana, have passed from the headlines, but the inconveniences - an avalanche of petty lawsuits and daily security concerns - linger for TPI's new managers from Ferrier Hodgson.

Nonetheless, despite the continuing attempts by Prichai to get his company back by any means necessary, the ongoing rehabilitation of TPI...

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