Dubai World's massive debt restructuring will give a ton of work to law firms with deep roots in Dubai, and the bulk of the work so far seems to be going to U.K.-based firms with a long history of client work there. Clifford Chance has scored the starring role as lead adviser to Dubai World, a longtime client. On the other side: Ashurst is advising a group of noteholders who control about 25 percent of the debt owed by Dubai World's property unit, Nakheel.
Clifford Chance, Ashurst, Allen & Overy on Dubai World Debt Crisis
The American Lawyer
December 2, 2009