A judge at the Dubai World Tribunal has cleared the way for Nakheel to cash up to Dh192 million (US$52.2m) of advance payment guarantees posted by a pair of contractors.
The ruling on Sunday was one of the Tribunal's most significant so far in favour of Nakheel, Dubai's biggest government-owned developer.
Nakheel had previously suffered a series of setbacks in the Tribunal, a judicial body set up to handle claims against its parent, Dubai World, as the larger company underwent a sweeping restructuring.
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