12.01.2010 - Dubai World set to make formal standstill request
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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