05.09.2011 - Nakheel says slashed ‘exaggerated’ trade claims by 75pct
Nakheel, the Dubai developer seeking to restructure AED59bn ($16.1bn) of liabilities, said it had slashed the value of “exaggerated” contractor claims against it by 75 percent. The firm, which overstretched itself building islands in the shape of palms and other ambitious projects, said negotiations had seen the value of trade debts fall by more than two thirds..............................................Full Article: Source
Print