Dubai debt group looks to Ashurst

Ashurst has picked up a key role advising a group of bondholders in relation to Dubai’s debt standstill. A group holding more than 25 percent of the nominal value of certificates worth a total of $3.5bn (£2.1bn) have turned to the top 10 firm. The notes, issued by Dubai World subsidiary and property developer Nakheel, are due 14 December.

Dubai debt group looks to Ashurst thelawyer.com thelawyer.com Wed, Dec 2, 2009