Dubai World set to make formal standstill request
Dubai World is expected to soon make a formal standstill request to creditors for $22billion in debt while it devises a restructuring plan. Dubai sent shockwaves through global markets on November 25 when it said it would request a standstill on billions of dollars in debt linked to Dubai World and its property units Limitless World and Nakheel, developer of palm-shaped islands. Following are some answers to frequently asked questions about the upcoming standstill agreement:
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