Sunday 30 August 2015
 
»
Tag
 
»
creditors

Dubai World allowed debt restructure outside court

State-owned conglomerate Dubai World has been granted approval to end court proceedings relating to its $14.6 billion debt restructuring deal, according to a document on the court's website. The action allows lawyers for the c

More…

Dubai World $14.6bn debt deal vote on March 17

The court administering conglomerate Dubai World's restructuring on Tuesday set March 17 as the provisional date for creditors to vote on whether to approve a $14.6 billion debt deal. The Dubai World Tribunal on Tuesday held i

More…

Dubai World 'has lender support for $14.6bn restructure'

Dubai World has reached formal agreement with a substantial majority of creditors on its proposal to amend and extend the terms of its outstanding debt totalling $14.6 billion, the state-owned conglomerate said on Monday. The comp

More…

Investment Dar eyes second debt-for-assets deal by March

Investment Dar, the Kuwaiti firm best-known for its stake in luxury carmaker Aston Martin, hopes to complete a second debt-for-assets deal with creditors by the end of March, it said in a bourse statement on Tuesday. The sharia-co

More…

Awal Bank creditors discuss key issues

Key meetings of creditors of Bahrain-based Awal Bank have been held in Bahrain and London, according to sources. The meetings were called by law firm Charles Russell, acting as external administrator, said the sources to the G

More…

Dubai World inks restructuring deal with top creditors

Dubai World's biggest creditors have agreed a deal with the state-owned conglomerate to renegotiate its debt repayment schedule, one of Dubai's top government officials said on Wednesday. However, Sheikh Ahmed bin Saeed al

More…

Investment Dar loses protection against claims

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 o

More…

Dubai World seeks to revise $25bn debt deal

Economic recovery in Dubai is pushing both creditors and debtors to weigh new strategies in the $25 billion restructuring of state-owned Dubai World, one of the Middle East's largest ever debt deals. The conglomerate has begun

More…

Dubai World repays $300m early to creditors

Dubai World, one of the emirate's big state-owned conglomerates, has made a second early repayment worth around $300 million under its $25 billion debt restructuring plan, sources familiar with the matter said on Thursday. The

More…

Detroit files for bankruptcy, set for court fight

Detroit filed the largest municipal bankruptcy in US history on Thursday, setting the stage for a costly court battle with creditors and opening a new chapter in the long struggle to revive the city that was the cradle of the American auto indus

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads