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Investment Dar to freeze claims
- Kuwait: Monday, September 28 - 2009 at 10:27
Kuwait's Investment Dar, which is in the midst of restructuring debt, has said it has signed an agreement with creditors and investors to freeze claims temporarily, Reuters has reported. 'The consenting banks and investors will, for the duration of the standstill agreement, suspend individual claims relating to investment arrangements entered into with the company,' the firm has said in a statement. The standstill agreement is expected to run until the end of 2009, the steering committee said in a separate statement, adding it will have completed Dar's financial restructuring by then.
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StaffMonday, September 28 - 2009 at 10:27 UAE local time (GMT+4)
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