Wednesday 6 August 2014

Patience wears thin over Dubai World debt restructuring talks | The National

Patience wears thin over Dubai World debt restructuring talks | The National:



"There is in banking a phenomenon known as “deal fatigue”. It happens when negotiations over a particular transaction are taking so long, with problems that appear so intractable, that the participants are suddenly inclined to get up from the table and walk away.



It may be just for a brief pause and rethink about how to best approach the issue afresh, or it may become a complete withdrawal from the transaction altogether. 




There are signs that at least a couple of the 100-odd creditors to Dubai World (DW) are experiencing deal fatigue at the moment and are wondering whether it is worth their while devoting any more time and effort to the issue."



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