04.12.2009 - Dubai assets could be 'untouchable', lawyers warn embattled bondholders
From Telegraph: The bondholders are waiting to hear about Dubai World's plans to restructure $26bn (15.7bn) of debt, including $6bn in its Nakheel property subsidiary. Nakheel, which owns some of Dubai's most ambitious projects, including the Palm Islands, issued over half of its debt in the form of a $3.5bn sukuk, or Islamic bond. It was the sukuk's December 14 due date that prompted last week's standstill announcement..................................Full Article: Source
Print