Bankers expect Dubai World to make a formal request for a standstill on its $26 billion debt at Monday's creditor meeting, but it could be more than a month before banks agree, bankers said on Friday.
Banks are expected to support Dubai World's [DBWLD.UL] request, but what happens next will depend on the information they receive about the health of its finances, as the scale and complexity of the restructuring and its political overtones put creditors in uncharted territory.
"You can't bet on it, because anything could happen; it could be anything from a complete write-off to 100 percent recovery," a senior banker said.
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