Nakheel is one of the largest property developers and master planners in the Middle East and has been responsible for the development of some of the landmark developments in Dubai, such as the Palm. At the time of the announcement Nakheel faced outstanding debt and trade creditor claims in excess of US$20 billion, which included over US$5 billion of outstanding sukuk.
This case study focuses on the final element of Nakheel’s restructuring that led to the settlement of Nakheel’s numerous trade creditor claims………………………………………..Full Article: Source