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Dubai World USD14.6b restructuring plan approved by creditors
(MENAFN) Dubai World obtained a commendation from all creditors for a USD14.6 billion restructuring plan, Emirates 24\7 reported.
The court directing the process was recessed until May 10. This adjournment, which was ordered by Dubai World chairman, is set to allow time for all creditors to agree on the plan.
State-owned conglomerate Dubai World entered the court on January after exceeding the time limit on changing the terms of the existing restructuring plan.
The court directing the process was recessed until May 10. This adjournment, which was ordered by Dubai World chairman, is set to allow time for all creditors to agree on the plan.
State-owned conglomerate Dubai World entered the court on January after exceeding the time limit on changing the terms of the existing restructuring plan.
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