Q+A - What can creditors expect from Dubai World meeting | Reuters

State conglomerate Dubai World will meet creditors for an all-bank meeting on July 22 to present the final details of a $23.5 billion restructuring plan, sources said.

Creditors will then ponder the plan but the vast majority are expected to approve the debt deal. Banks which are not supportive will be able to seek legal action under a special tribunal set up for Dubai World related cases.

Dubai World has already got support for the plan from the seven banks which together hold 60 percent of the bank debt. Technically, the company needs to secure agreement from banks for a total of 67 percent of debt, but has said it will aim to get unanimous support.