Editor's Picks - Written by NYU Staff on Sunday, December 6, 2009 16:45 - 0 Comments

Dubai’s Debt Pile

Sorting out Dubai’s debt pile, as per a Wall Street Journal article about Deloitte’s Aiden Birkett

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By NYU Staff

Aidan Birkett, the man charged with sorting out Dubai World’s $26 billion debt pile, could face an uphill struggle to restructure the company that’s at the heart of the emirate’s financial crisis. ”It’s a very large and complex restructuring with an enormous amount of debt so it’s not a small assignment,” said Chris Ward, chief executive of financial advisory services at Deloitte in the Middle East. “There will be challenges.”

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