Bankruptcy

Keeping it In-House

By Stephen Lubben

Rather than risk a Dubai World chapter 11 case, Dubai is apparently doing a quickie revamp of its bankruptcy code. Of course, the code itself is only half, or less, of the issue -- you also need the structures to properly implement the code (see China, People's Republic of). I suspect many international creditors would still prefer a New York or Delaware bankruptcy court, but it may not be their choice to make.

Full post as published by Credit Slips on December 14, 2009 (boomark / email).