From Thejakartaglobe.com: Defaults on Islamic bonds and the debt delay requested by Dubai World will transform the market, as investors demand more transparency and subject new issues to forensic due diligence.

Investors in state-run Dubai World’s main real estate developer, Nakheel, were stunned following the announcement the company and its parent would delay by at least six months repayment on billions of dollars in debt…………………………..Full Article: Source