Wednesday 4 April 2012

Drydocks restructures using untested law - FT.com

If Dubai’s 2009 debt crisis was an earthquake that shook the emirate’s economic foundations, Drydocks World’s filing for insolvency protection this week was a mere aftershock.
Global markets have become used to the government and its related entities struggling to pay back the $110bn in debts they accrued in the boom days and spent with mixed results.

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