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...