Dubai World expected to present restructuring plan in March

* username: rupertbu

Dubai World is expected to present a proposal in March for the restructuring of its 22 billion dollars in debt, a government spokeswoman said on Wednesday.

"Neither the government nor the company have put forward any restructuring proposals to the lenders at this time," the spokeswoman said. "We expect to put a proposal to banks in March."

Dubai shook global stock markets in November when it called for a debt moratorium for troubled Dubai World.