Friday 20 July 2018
Decree 57

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


Drydocks adjourns hearing; restructure on track

Drydocks World Dubai today (May 7) notified its creditors and members that it has requested an adjournment of the Decree 57 Directions Hearing scheduled to take place in the DIFC today. The adjournment will only lead to a short delay in th


Drydocks plan 'has backing of huge majority'

Dubai-based Drydocks World today confirmed that an overwhelming majority of its lenders have formally supported its proposals to enable it to successfully implement its restructuring. The statement follows from Drydocks World - Dubai and D


Dubai World could raise interest to creditors

Dubai World can slightly increase the cash coupon offered to banks as part of a debt plan announced on Thursday, depending on which option creditors choose, the company's chief restructuring officer said. Aidan Birkett, CRO at state-ow

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