26.11.2009 - Dubai govt statement on Nakheel, Dubai World restructuring
From Reuters: Dubai's government on Wednesday said it will ask creditors of two of its flagship companies -- Nakheel and Dubai World -- for a debt standstill. Following is the government's statement on the matter: The Government of Dubai, acting through the Supreme Fiscal Committee ("SFC"), has authorised the Dubai Financial Support Fund ("DESE") to spearhead the restructure of Dubai World with immediate effect...............................Full Article: Source
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