04.12.2009 - Legal minefield awaits Dubai's Nakheel bondholders
From Reuters: Dubai's assets may be virtually untouchable, so any holders of bonds issued by flagship property firm Nakheel that take legal action to recover potential losses could be wasting their time, lawyers said on Thursday. Government-owned conglomerate Dubai World wants time to restructure $26 billion of debt it and its main property units, Nakheel and Limitless World, owe and has asked creditors for a standstill on bond repayments until May 2010..................................Full Article: Source
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