Dubai World in quotes

Author: | Published: 10 Dec 2009

From schizophrenic investor presentations to the UAE’s 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 can’t derive much comfort from it as to how this situation will be dealt with.”
And it’s unlikely...