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Wednesday, Dec 16, 2009 0435 GMT [ Dow Jones]--Dubai's announcement about the bailout package referenced a comprehensive reorganization law tha (more)
Wednesday, Dec 16, 2009 0435 GMT [ Dow Jones]--Dubai's announcement about the bailout package referenced a comprehensive reorganization law that would adhere to international "standards for transparency and creditor protection", notes Eurasia Group. Says the law may be a vehicle to impose some kind of forced restructuring on a clearer basis. "So we will keep an eye on the content of this legislation. That said, it is unlikely that there will be a sudden increase in transparency in the short term in the U.A.E. One of the things the Nakheel episode highlighted was the U.A.E.'s opacity and the manner in which decisions are made at the most senior levels while concerned parties are left in the dark." (TRF) Copyright (c) 2009 Dow Jones & Co. try{document.write(_banner_zone('zone9339')) }catch(e){} (END) Dow Jones Newswires 16-12-09 0435GMT
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