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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

Dubai World set to make formal standstill request

Posted on 12 January 2010

From Reuters: Dubai World is expected to soon make a formal standstill request to creditors for $22 billion in debt while it devises a restructuring plan.
Dubai sent shock waves through global markets on Nov. 25 when it said it would request a standstill on billions of dollars in debt linked to Dubai World and its property units Limitless World and Nakheel, developer of palm-shaped islands……………………………………Full Article: Source


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