Kuwait's Investment Dar Loses Protection Against Creditor Legal Claims » Gulf Business:
"Investment Dar, the Kuwaiti firm whose assets include a stake in luxury carmaker Aston Martin, said on Saturday a local court had ruled to lift protection the company had against legal action by creditors.
Investment Dar was one of several local financial firms which struggled to refinance debt in the aftermath of the global economic crisis but was the first to reorganise under Kuwait’s Financial Stability Law – introduced in 2009 to assist debt renegotiations in a country with opaque bankruptcy rules.
As part of that legislation, Investment Dar secured a halt to all legal cases being brought against the firm in relation to non-payment of debts to allow it to implement its restructuring."
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