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Dubai government releases details of a tailor-made restructuring process

  • Herbert Smith Freehills LLP
  • -
  • United Arab Emirates
  • -
  • January 18 2010

At the same time as announcing that the Nakheel sukuk due for repayment on 14 December would be repaid in full, the Dubai government stated that it would pass a reorganisation law for the Dubai World group in case that group is unable to achieve an acceptable restructuring of its remaining obligations

Dubai World - government releases details of a tailor-made restructuring process

  • Herbert Smith Freehills LLP
  • -
  • United Arab Emirates
  • -
  • December 30 2009

At the same time as announcing that the Nakheel sukuk due for repayment on 14 December would be repaid in full, the Dubai government stated that it would pass a reorganisation law for the Dubai World group in case that group is unable to achieve an acceptable restructuring of its remaining obligations