From schizophrenic investor presentations to the
UAEs immature insolvency regime, IFLR spoke to the
lawyers closest to Dubai World and found out what they really
think about the default in the Middle East
The immaturity of the UAE insolvency regime leaves
open more questions than it answers. It is pretty much untested
so you cant derive much comfort from it as to how this
situation will be dealt with.
And its unlikely...