Saturday 25 October 2014
 
»
Tag
 
»
creditors

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…

US court approves Arcapita's sharia bankruptcy plan

Bahrain investment firm Arcapita Bank has received approval from a US Bankruptcy Court for its plan to repay creditors, thought to be the first in the US that is compliant with sharia, Islamic law.

More…

Arcapita files key restructuring plan

Bahrain-based Arcapita Bank, an international investment firm, has announced the filing of an amended consensual plan of reorganisation which seeks to "maximise recoveries to creditors and other stakeholders". The compan

More…

Dubai Group's debt plan 'to include creditor oversight'

  Dubai Group's $10 billion debt restructuring will be managed by the head of another state-linked firm while two banks will have a monitoring role to ensure more oversight from creditors, sources aware of the matter said.

More…

Dana Gas, creditors to thrash out sukuk deal

Dana Gas could become the first company in the UAE to restructure a bond as concerns rise that it will not have enough cash to repay a $1 billion convertible sukuk (Islamic bond) at maturity in October. The Abu Dhabi-listed firm said

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads