Debt restructurings in Dubai are likely to drag on for at least another year, having been held back while conglomerate Dubai World reached a resolution on its loans, a senior advisor said on Thursday.
Philip Davidson, global head of restructuring at KPMG, which advised lenders to Dubai World, told the Reuters Restructuring Summit that other situations had been on hold in the emirate until more clarity emerged on that restructuring.
Other delayed debt negotiations were only now moving ahead, Davidson said."
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