Dubai World, the massive sovereign wealth conglomerate, has announced plans to restructure about half its $60 billion in outstanding debt. The Am Law Daily spoke with Jawad Ali, a King & Spalding partner based in Dubai and the deputy head of the firm's Middle East & Islamic Finance practice group, to find out more about the plan's impact on Islamic finance practices and the legal climate in Dubai in the wake of the announcement.
Islamic Finance Practices Face Their First Test With Dubai World Debt
The American Lawyer
December 3, 2009