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Thursday, December 3 - 2009
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Investment Dar creditors' individual claims 'ongoing'

  • Kuwait: Thursday, October 01 - 2009 at 10:10

According to a report by Al-Qabas Arabic daily, several of Kuwait's Investment Dar creditors including National Investments and Kuwait Investment have refused to join an agreement to suspend individual claims, Bloomberg has reported. On September 27, KIA had announced that its lenders had agreed to suspend individual claims under a 'standstill agreement' to facilitate a debt restructuring by the company after it defaulted on its borrowings.

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