On 3 October 2010, Nakheel's chairman said that Nakheel has obtained consent from 85% of its trade creditors to the proposed restructure of its debts, along with a "good percentage" of its banks.
This news has significance for all trade creditors of Nakheel, whether or not they have already consented to the proposal sent to them by Nakheel in April 2010 (Nakheel Restructuring Proposal).
Set out below is a brief summary of the matters that creditors of Nakheel should be considering at this stage.
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