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Last Reviewed: 14 December 2009 / Submitted: 14 December 2009
The Dubai Government announced that Nakheel Development Limited will meet its repayment obligations, following receipt of financial support from the Abu Dhabi Government. Dubai also announced fundamental changes to the law affecting the bankruptcy and restructuring regime applicable to Dubai World.
Last Reviewed: 02 December 2009 / Submitted: 02 December 2009
The Dubai Government has announced its proposal to restructure Dubai World and creditors have been asked to agree to a standstill and extend maturities.
Last Reviewed: 23 July 2009 / Submitted: 23 July 2009
This article provides an insight into increasing attention being turned turning to the United Arab Emirates’ restructuring and insolvency regime as a result of current market conditions.
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