| 08.12.2009 - Dubai World is pressured to sell assets |
| From Nytimes.com: As Dubai World and its creditors steel themselves for weeks of tough negotiations over the conglomerate’s debt, some foreign investors say they have enough support to force the company into a default and lay claim to its most prized assets. This go-for-broke strategy is being led by QVT, an $8.5 billion activist fund with a reputation for taking leading roles in complicated bankruptcy-driven situations...................................Full Article: Source |